Canadian Pacific Kansas City Limited (NYSE:CP) Short Interest Up 7.9% in August

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 7,670,000 shares, an increase of 7.9% from the August 15th total of 7,110,000 shares. Based on an average daily volume of 1,970,000 shares, the short-interest ratio is presently 3.9 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group reduced their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Wells Fargo & Company began coverage on Canadian Pacific Kansas City in a report on Friday, June 7th. They issued an “overweight” rating and a $90.00 target price on the stock. Stifel Nicolaus raised their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Sanford C. Bernstein upped their price objective on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research note on Monday, July 8th. Finally, Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $96.36.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds have recently added to or reduced their stakes in the stock. LRI Investments LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $32,000. Chris Bulman Inc purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth $35,000. ORG Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth $39,000. Tobam bought a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth $51,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Canadian Pacific Kansas City during the second quarter valued at about $61,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.1 %

Shares of Canadian Pacific Kansas City stock opened at $87.28 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a 50 day moving average price of $81.78 and a two-hundred day moving average price of $82.50. The stock has a market capitalization of $81.44 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 2.45 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter in the previous year, the business posted $0.62 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, equities analysts anticipate that Canadian Pacific Kansas City will post 3.1 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.63%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

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.