Canadian Pacific Kansas City (NYSE:CP) Given New $91.00 Price Target at Barclays

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price lowered by Barclays from $97.00 to $91.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

CP has been the topic of a number of other research reports. Evercore ISI increased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Stephens upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $81.00 to $88.00 in a research report on Monday, January 6th. Susquehanna lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $92.63.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $74.80 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $74.75 and a two-hundred day moving average of $79.19. The company has a market cap of $69.83 billion, a P/E ratio of 26.71, a PEG ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City has a 52 week low of $70.89 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. As a group, analysts anticipate that Canadian Pacific Kansas City will post 3.02 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.75%. Canadian Pacific Kansas City’s payout ratio is 18.93%.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Grove Bank & Trust raised its position in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC raised its holdings in Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC purchased a new stake in Canadian Pacific Kansas City during the third quarter valued at about $34,000. Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $38,000. Finally, Kennebec Savings Bank purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth approximately $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.