Canadian Pacific Kansas City (NYSE:CP) Price Target Cut to $90.00 by Analysts at Jefferies Financial Group

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) had its target price trimmed by Jefferies Financial Group from $100.00 to $90.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other analysts have also recently commented on CP. Wells Fargo & Company reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. StockNews.com downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.55.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded down $1.02 during trading hours on Wednesday, hitting $72.16. The stock had a trading volume of 4,023,913 shares, compared to its average volume of 2,666,156. Canadian Pacific Kansas City has a twelve month low of $66.49 and a twelve month high of $88.66. The firm has a market capitalization of $67.37 billion, a PE ratio of 24.88, a PEG ratio of 2.00 and a beta of 1.01. The stock’s 50 day moving average is $74.76 and its 200 day moving average is $76.44. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, research analysts forecast that Canadian Pacific Kansas City will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a $0.1318 dividend. This represents a $0.53 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bernard Wealth Management Corp. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $33,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth $34,000. YANKCOM Partnership bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $36,000. Institutional investors and hedge funds 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.