Canadian Pacific Kansas City Limited (NYSE:CP) Short Interest Down 13.5% in May

Canadian Pacific Kansas City Limited (NYSE:CPGet Free Report) (TSE:CP) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 10,040,000 shares, a decline of 13.5% from the May 15th total of 11,610,000 shares. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is presently 4.8 days.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Evercore ISI cut their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price target for the company. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a report on Friday, June 7th. They set an “overweight” rating and a $90.00 price target for the company. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Hold” and a consensus price target of $96.32.

Get Our Latest Report on Canadian Pacific Kansas City

Canadian Pacific Kansas City Stock Up 1.0 %

NYSE CP traded up $0.74 on Friday, hitting $76.93. 1,893,590 shares of the company were exchanged, compared to its average volume of 2,238,620. The company has a market cap of $71.76 billion, a PE ratio of 24.66, a PEG ratio of 2.19 and a beta of 0.97. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The stock has a fifty day moving average of $81.21 and a 200-day moving average of $81.86. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. As a group, analysts forecast that Canadian Pacific Kansas City will post 3.14 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CP. Sands Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $31,000. LRI Investments LLC bought a new position in shares of Canadian Pacific Kansas City during the first quarter valued at about $32,000. Anchor Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $40,000. Independence Bank of Kentucky bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $43,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $45,000. 72.20% of the stock is owned by 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, 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.

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