Canadian Pacific Kansas City (NYSE:CP) Lowered to Sell at StockNews.com

Canadian Pacific Kansas City (NYSE:CP) Lowered to Sell at StockNews.com

Posted by on Oct 1st, 2023

Canadian Pacific Kansas City Limited logoStockNews.com cut shares of Canadian Pacific Kansas City (NYSE:CPFree Report) (TSE:CP) from a hold rating to a sell rating in a report released on Wednesday.

Several other brokerages also recently issued reports on CP. Evercore ISI boosted their price objective on Canadian Pacific Kansas City from $85.00 to $86.00 and gave the stock an outperform rating in a research report on Thursday, September 21st. Morgan Stanley initiated coverage on shares of Canadian Pacific Kansas City in a research note on Tuesday, September 5th. They set an equal weight rating and a $100.00 target price on the stock. CSFB upped their price target on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a neutral rating in a research note on Wednesday, August 9th. Credit Suisse Group upped their price objective on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a neutral rating in a report on Wednesday, August 9th. Finally, Susquehanna upped their price target on shares of Canadian Pacific Kansas City from $95.00 to $98.00 and gave the company a positive rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $94.36.

View Our Latest Stock Report on CP

Canadian Pacific Kansas City Stock Down 0.3 %

Shares of Canadian Pacific Kansas City stock opened at $74.41 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.52. The firm has a market cap of $69.32 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.63 and a beta of 1.01. Canadian Pacific Kansas City has a fifty-two week low of $65.17 and a fifty-two week high of $85.40. The business has a 50-day moving average price of $79.18 and a 200 day moving average price of $78.89.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.07). The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.47 billion. Canadian Pacific Kansas City had a net margin of 41.92% and a return on equity of 8.92%. On average, sell-side analysts forecast that Canadian Pacific Kansas City will post 2.89 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be issued a dividend of $0.1437 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, September 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 16.57%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Carolinas Wealth Consulting LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $25,000. Stonebridge Capital Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 750.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after buying an additional 300 shares during the last quarter. BerganKDV Wealth Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 193.9% in the first quarter. BerganKDV Wealth Management LLC now owns 338 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 223 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $29,000. Finally, Motco purchased a new position in shares of Canadian Pacific Kansas City in the first quarter valued at $32,000. 67.93% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

(Get Free Report)

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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