Benchmark Reaffirms Hold Rating for Canadian Pacific Kansas City (NYSE:CP)

Benchmark reaffirmed their hold rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research report sent to investors on Thursday morning, Benzinga reports.

Other analysts have also recently issued reports about the company. Stifel Nicolaus upped their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a hold rating in a report on Friday, April 12th. Raymond James upped their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an outperform rating in a research note on Monday, April 22nd. Barclays lifted their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a positive rating to a neutral rating and cut their price target for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Finally, Susquehanna decreased their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a neutral rating for the company in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of Moderate Buy and a consensus price target of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $81.68 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.46 and a current ratio of 0.49. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The firm has a market cap of $76.18 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.94. The firm’s fifty day moving average is $87.04 and its 200-day moving average is $79.85.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.16 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CP. Capital Investment Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $259,000. Ballast Advisors LLC increased its stake in Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Ballast Advisors LLC now owns 9,341 shares of the transportation company’s stock valued at $695,000 after buying an additional 254 shares during the last quarter. Quaker Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $223,000. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 15.6% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 14,803 shares of the transportation company’s stock worth $1,102,000 after buying an additional 2,000 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 4.1% in the third quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock valued at $265,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.