Kansas City Southern (NYSE:KSU)‘s stock had its “hold” rating reaffirmed by BMO Capital Markets in a research report issued to clients and investors on Friday. They currently have a $105.00 price target on the transportation company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 0.60% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Kansas City Southern from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Thursday. Bank of America Corporation upped their price objective on Kansas City Southern from $112.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $118.00 price objective (up from $114.00) on shares of Kansas City Southern in a report on Friday, August 18th. BidaskClub upgraded Kansas City Southern from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $104.00 price objective (up from $95.00) on shares of Kansas City Southern in a report on Monday, July 24th. Ten research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $105.73.
Shares of Kansas City Southern (NYSE KSU) opened at 104.37 on Friday. The company has a market capitalization of $11.00 billion, a PE ratio of 21.00 and a beta of 0.80. The firm’s 50-day moving average price is $104.33 and its 200 day moving average price is $94.72. Kansas City Southern has a one year low of $79.05 and a one year high of $109.13.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.07. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The firm had revenue of $656.40 million during the quarter, compared to analysts’ expectations of $627.81 million. During the same period in the prior year, the business earned $1.22 EPS. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. Analysts anticipate that Kansas City Southern will post $5.22 earnings per share for the current year.
Kansas City Southern declared that its board has approved a share repurchase plan on Tuesday, August 15th that allows the company to buyback $800.00 million in shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
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In other Kansas City Southern news, Director Henry J. Maier purchased 3,000 shares of the stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $106.19 per share, with a total value of $318,570.00. Following the transaction, the director now directly owns 4,159 shares of the company’s stock, valued at approximately $441,644.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Antonio O. Garza sold 4,018 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $107.94, for a total value of $433,702.92. Following the transaction, the director now directly owns 4,920 shares of the company’s stock, valued at approximately $531,064.80. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QS Investors LLC raised its position in Kansas City Southern by 0.5% in the second quarter. QS Investors LLC now owns 1,320 shares of the transportation company’s stock worth $138,000 after buying an additional 7 shares during the last quarter. Savant Capital LLC raised its position in Kansas City Southern by 0.4% in the first quarter. Savant Capital LLC now owns 3,201 shares of the transportation company’s stock worth $275,000 after buying an additional 12 shares during the last quarter. Concert Wealth Management Inc. raised its position in Kansas City Southern by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 7,059 shares of the transportation company’s stock worth $598,000 after buying an additional 24 shares during the last quarter. Moors & Cabot Inc. raised its position in Kansas City Southern by 1.2% in the second quarter. Moors & Cabot Inc. now owns 4,277 shares of the transportation company’s stock worth $447,000 after buying an additional 51 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock worth $194,000 after buying an additional 52 shares during the last quarter. 85.05% of the stock is owned by institutional investors and hedge funds.
Kansas City Southern Company Profile
Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.
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