Canadian Pacific Kansas City (NYSE:CP) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a peer perform rating to an outperform rating in a research report sent to investors on Wednesday morning, Marketbeat reports. The brokerage currently has $86.00 price objective on the transportation company’s stock.

Several other equities research analysts have also recently commented on CP. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Citigroup cut their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $81.00 to $88.00 in a research report on Monday. Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average price target of $93.56.

Canadian Pacific Kansas City Stock Down 1.1 %

Shares of NYSE CP opened at $76.29 on Wednesday. The company’s 50 day moving average price is $75.17 and its 200-day moving average price is $79.38. 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 $70.89 and a 52-week high of $91.58. The company has a market capitalization of $71.21 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm earned $0.69 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Canadian Pacific Kansas City will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.14 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is 20.00%.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently added to or reduced their stakes in the stock. Grove Bank & Trust grew its position in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. Tower View Wealth Management LLC increased its position in shares of Canadian Pacific Kansas City by 0.3% during the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after buying an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock worth $355,000 after buying an additional 131 shares in the last quarter. Trust Co. of Vermont grew its stake in Canadian Pacific Kansas City by 4.7% during the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 135 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings 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 acquiring an additional 141 shares during the period. 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.