Canadian Pacific Kansas City Limited (NYSE:CP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Posted by Defense World Staff on May 5th, 2023

Canadian Pacific Kansas City Limited (NYSE:CP – Get Rating) (TSE:CP) has earned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $87.62.

CP has been the topic of several recent research reports. CIBC cut their price objective on shares of Canadian Pacific Kansas City from C$128.00 to C$125.00 in a research report on Wednesday, February 1st. Barclays dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. BMO Capital Markets started coverage on Canadian Pacific Kansas City in a report on Tuesday, April 18th. They set an “outperform” rating for the company. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 15th. Finally, Stifel Nicolaus lowered their price target on Canadian Pacific Kansas City from $78.00 to $75.00 in a research note on Tuesday, April 18th.

Canadian Pacific Kansas City Stock Down 0.6 %

CP opened at $78.37 on Friday. The business’s fifty day simple moving average is $77.16 and its 200 day simple moving average is $77.08. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The firm has a market cap of $72.95 billion, a P/E ratio of 25.95, a PEG ratio of 2.07 and a beta of 1.02. Canadian Pacific Kansas City has a 52 week low of $65.17 and a 52 week high of $82.96.

Canadian Pacific Kansas City (NYSE:CP – Get Rating) (TSE:CP) last announced its earnings results on Tuesday, January 31st. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. Canadian Pacific Kansas City had a return on equity of 9.56% and a net margin of 40.22%. As a group, equities research analysts anticipate that Canadian Pacific Kansas City will post 3.33 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a $0.141 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.21%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers increased its holdings in Canadian Pacific Kansas City by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock valued at $1,389,000 after buying an additional 559 shares during the period. Sequoia Financial Advisors LLC grew its stake in Canadian Pacific Kansas City by 69.1% in the first quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after purchasing an additional 2,263 shares in the last quarter. Vanguard Group Inc. raised its stake in Canadian Pacific Kansas City by 2.4% in the first quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after buying an additional 695,215 shares during the period. Baird Financial Group Inc. raised its position in shares of Canadian Pacific Kansas City by 5.1% in the first quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after purchasing an additional 2,417 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in Canadian Pacific Kansas City by 116.4% in the 1st quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock valued at $1,178,000 after purchasing an additional 7,678 shares during the period. Institutional investors and hedge funds own 72.31% of the company’s stock.

About Canadian Pacific Kansas City

(Get Rating)

Canadian Pacific Kansas City Ltd. provides rail freight transportation services. It offers rail services linking Canada, the United States and Mexico. The company was founded on June 22, 2001 and is headquartered in Calgary, Canada.

Analyst Recommendations for Canadian Pacific Kansas City (NYSE:CP)

Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.