Canadian Pacific Kansas City (NYSE:CP) Hits New 12-Month Low – What’s Next?

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) shares hit a new 52-week low during trading on Thursday . The company traded as low as $71.94 and last traded at $71.94, with a volume of 423166 shares traded. The stock had previously closed at $73.01.

Analyst Ratings Changes

Several research analysts have recently commented on CP shares. Sanford C. Bernstein decreased their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their target price for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Finally, Evercore ISI increased their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.88.

Canadian Pacific Kansas City Price Performance

The stock’s 50 day simple moving average is $77.05 and its 200 day simple moving average is $79.80. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market capitalization of $66.64 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.78%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.00%.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Grove Bank & Trust lifted its position in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth $34,000. Chris Bulman Inc purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth $35,000. Finally, Asset Dedication LLC acquired a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $38,000. Institutional investors own 72.20% of the company’s stock.

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.