BMO Capital Markets reissued their market perform rating on shares of Kansas City Southern (NYSE:KSU) in a research note published on Tuesday morning. They currently have a $105.00 target price on the transportation company’s stock, up from their previous target price of $98.00.
Other research analysts also recently issued reports about the company. Aegis increased their target price on Kansas City Southern from $110.00 to $115.00 and gave the company a buy rating in a research report on Monday, June 19th. Cowen and Company reiterated a market perform rating and set a $104.00 target price (up from $95.00) on shares of Kansas City Southern in a research report on Monday. UBS AG reiterated a positive rating and set a $117.00 target price (up from $103.00) on shares of Kansas City Southern in a research report on Monday. Stifel Nicolaus lowered their target price on Kansas City Southern from $101.00 to $96.00 and set a buy rating for the company in a research report on Wednesday, April 26th. Finally, Citigroup Inc. lowered their target price on Kansas City Southern from $103.00 to $99.00 and set a buy rating for the company in a research report on Tuesday, April 25th. Twelve equities 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 company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $103.31.
Kansas City Southern (NYSE KSU) traded down 0.120% during mid-day trading on Tuesday, reaching $104.225. 386,141 shares of the company’s stock were exchanged. The company has a 50-day moving average of $102.51 and a 200-day moving average of $91.56. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 20.975 and a beta of 0.80. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $106.35.
Kansas City Southern (NYSE:KSU) last posted its earnings results on Friday, July 21st. The transportation company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. The firm had revenue of $656.40 million during the quarter, compared to the consensus estimate of $627.81 million. Kansas City Southern had a return on equity of 11.40% and a net margin of 21.52%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 EPS. Equities research analysts anticipate that Kansas City Southern will post $5.18 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th were paid a $0.33 dividend. The ex-dividend date was Thursday, June 8th. This represents a $1.32 dividend on an annualized basis and a yield of 1.26%. Kansas City Southern’s payout ratio is 26.51%.
In other Kansas City Southern news, Director Robert J. Druten sold 3,500 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $92.57, for a total value of $323,995.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.95% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Boston Common Asset Management LLC raised its stake in Kansas City Southern by 63.6% in the first quarter. Boston Common Asset Management LLC now owns 56,095 shares of the transportation company’s stock worth $4,811,000 after buying an additional 21,803 shares during the last quarter. Packer & Co Ltd acquired a new stake in Kansas City Southern during the first quarter worth $25,694,000. Highbridge Capital Management LLC raised its stake in Kansas City Southern by 555.7% in the fourth quarter. Highbridge Capital Management LLC now owns 202,265 shares of the transportation company’s stock worth $17,162,000 after buying an additional 171,419 shares during the last quarter. Comerica Bank raised its stake in Kansas City Southern by 15.1% in the first quarter. Comerica Bank now owns 76,595 shares of the transportation company’s stock worth $6,884,000 after buying an additional 10,045 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its position in shares of Kansas City Southern by 101.7% in the first quarter. SeaBridge Investment Advisors LLC now owns 76,285 shares of the transportation company’s stock valued at $6,542,000 after buying an additional 38,462 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.
About Kansas City Southern
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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