Canadian Pacific Kansas City (NYSE:CP) Rating Reiterated by Susquehanna

Susquehanna reiterated their neutral rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a report published on Tuesday, Benzinga reports. Susquehanna currently has a $80.00 price target on the transportation company’s stock.

CP has been the subject of several other reports. Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a hold rating for the company in a report on Thursday, April 25th. Scotiabank reaffirmed a sector perform rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Evercore dropped their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating on the stock in a research report on Thursday, April 25th. Evercore ISI dropped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an outperform rating on the stock in a research report on Thursday, April 25th. Finally, Benchmark reiterated a hold rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of Hold and an average target price of $96.32.

Canadian Pacific Kansas City Trading Down 0.9 %

Canadian Pacific Kansas City stock opened at $78.98 on Tuesday. The company has a 50 day moving average price of $79.96 and a 200 day moving average price of $82.09. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The firm has a market capitalization of $73.68 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 2.25 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. Research analysts forecast that Canadian Pacific Kansas City will post 3.14 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.71%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $979,890,000. TD Asset Management Inc grew its position in Canadian Pacific Kansas City by 47.7% in the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after acquiring an additional 6,835,271 shares during the last quarter. Legal & General Group Plc bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $481,016,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Canadian Pacific Kansas City by 757.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock worth $342,191,000 after buying an additional 3,801,910 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Canadian Pacific Kansas City by 1,122.4% during the 3rd quarter. Toronto Dominion Bank now owns 3,398,403 shares of the transportation company’s stock worth $252,875,000 after buying an additional 3,120,385 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.