Canadian Pacific Kansas City Limited (NYSE:CP) Short Interest Update

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 7,110,000 shares, a growth of 5.2% from the December 31st total of 6,760,000 shares. Based on an average daily volume of 2,850,000 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Ratings Changes

Several research firms have commented on CP. Wells Fargo & Company reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada lifted their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Citigroup lifted their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Barclays cut their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Up 2.6 %

Canadian Pacific Kansas City stock opened at $76.72 on Tuesday. The business has a fifty day moving average price of $75.40 and a 200-day moving average price of $78.95. Canadian Pacific Kansas City has a 1-year low of $70.89 and a 1-year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $71.62 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.06 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities research analysts forecast that Canadian Pacific Kansas City will post 3.39 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is currently 18.62%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently modified their holdings of CP. Millennium Management LLC increased its stake in shares of Canadian Pacific Kansas City by 2,685.7% in the 2nd quarter. Millennium Management LLC now owns 111,427 shares of the transportation company’s stock valued at $8,773,000 after purchasing an additional 107,427 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Canadian Pacific Kansas City by 9.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,275 shares of the transportation company’s stock worth $809,000 after buying an additional 919 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth approximately $3,267,000. Massmutual Trust Co. FSB ADV increased its stake in Canadian Pacific Kansas City by 12.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock worth $107,000 after buying an additional 141 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Canadian Pacific Kansas City by 8.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,434 shares of the transportation company’s stock worth $208,000 after buying an additional 195 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.