Canadian Pacific Kansas City (NYSE:CP) PT Lowered to $80.00 at Susquehanna

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its price target reduced by Susquehanna from $84.00 to $80.00 in a research note released on Thursday morning, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a buy rating and a $105.00 price objective for the company. Benchmark reaffirmed a hold rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, April 10th. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a positive rating to a neutral rating and dropped their price objective for the company from $90.00 to $87.00 in a report on Monday, January 8th. Scotiabank restated a sector perform rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, Raymond James upped their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an outperform rating in a research note on Monday. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of Moderate Buy and a consensus target price of $96.42.

Canadian Pacific Kansas City Stock Up 0.2 %

NYSE:CP opened at $82.09 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58. The firm’s 50 day simple moving average is $87.11 and its 200 day simple moving average is $79.74. The company has a market cap of $76.56 billion, a PE ratio of 26.31, a P/E/G ratio of 2.10 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, research analysts anticipate that Canadian Pacific Kansas City will post 3.2 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently added to or reduced their stakes in the stock. YCG LLC raised its stake in Canadian Pacific Kansas City by 32.5% in the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after acquiring an additional 91,276 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after acquiring an additional 12,748 shares during the period. Element Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Canadian Pacific Kansas City by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock worth $24,525,000 after purchasing an additional 14,557 shares during the period. Finally, Asset Management One Co. Ltd. bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $5,392,000. Institutional investors own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.