Stephens Upgrades Canadian Pacific Kansas City (NYSE:CP) to “Overweight”

Stephens upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from an equal weight rating to an overweight rating in a research report report published on Monday morning, MarketBeat reports. The firm currently has $88.00 price objective on the transportation company’s stock, up from their prior price objective of $81.00.

CP has been the subject of a number of other research reports. Evercore ISI lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Bank of America reduced their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $93.56.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $76.29 on Monday. The company’s fifty day moving average price is $75.17 and its two-hundred day moving average price is $79.38. 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 firm has a market capitalization of $71.21 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58.

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

Canadian Pacific Kansas City Increases Dividend

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

Institutional Trading of Canadian Pacific Kansas City

A number of large investors have recently modified their holdings of CP. Grove Bank & Trust boosted its stake in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth approximately $34,000. Chris Bulman Inc bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $35,000. Finally, Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Canadian Pacific Kansas City

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.