Analysts Set Canadian Pacific Kansas City Limited (NYSE:CP) Target Price at $94.68

Shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $93.55.

Several equities analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Wells Fargo & Company decreased their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Finally, Susquehanna lowered their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, March 27th.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Canadian Pacific Kansas City by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock valued at $2,662,978,000 after purchasing an additional 491,966 shares in the last quarter. Causeway Capital Management LLC lifted its stake in Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock valued at $1,116,632,000 after purchasing an additional 6,687,770 shares during the last quarter. Mackenzie Financial Corp boosted its position in Canadian Pacific Kansas City by 1.8% in the fourth quarter. Mackenzie Financial Corp now owns 15,348,282 shares of the transportation company’s stock valued at $1,110,111,000 after buying an additional 276,223 shares in the last quarter. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Canadian Pacific Kansas City by 11.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company’s stock worth $899,805,000 after buying an additional 1,262,913 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 2.7 %

Canadian Pacific Kansas City stock opened at $71.23 on Friday. The stock has a 50-day simple moving average of $74.69 and a 200 day simple moving average of $76.33. The stock has a market capitalization of $66.51 billion, a P/E ratio of 24.56, a PEG ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City has a 52 week low of $66.49 and a 52 week high of $88.34.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate 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%. Analysts expect that Canadian Pacific Kansas City will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

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.