BMO Capital Markets restated their market perform rating on shares of Kansas City Southern (NYSE:KSU) in a research report report published on Tuesday morning. BMO Capital Markets currently has a $98.00 target price on the stock.
A number of other research firms have also recently commented on KSU. Citigroup Inc. reissued a buy rating and issued a $108.00 price target on shares of Kansas City Southern in a report on Saturday, June 18th. Loop Capital reissued a buy rating on shares of Kansas City Southern in a report on Friday, September 9th. Royal Bank Of Canada boosted their price target on Kansas City Southern from $109.00 to $114.00 and gave the stock an outperform rating in a report on Wednesday, July 20th. Zacks Investment Research raised Kansas City Southern from a hold rating to a buy rating and set a $101.00 price target on the stock in a report on Tuesday, September 20th. Finally, TheStreet raised Kansas City Southern from a hold rating to a buy rating in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Kansas City Southern presently has an average rating of Buy and a consensus target price of $100.92.
Kansas City Southern (NYSE:KSU) opened at 92.02 on Tuesday. The company has a market cap of $9.94 billion, a PE ratio of 20.03 and a beta of 1.14. The stock has a 50 day moving average of $94.18 and a 200 day moving average of $92.47. Kansas City Southern has a one year low of $62.20 and a one year high of $100.69.
Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.14. Kansas City Southern had a return on equity of 12.00% and a net margin of 21.13%. The firm had revenue of $569 million for the quarter, compared to analysts’ expectations of $572.20 million. On average, analysts anticipate that Kansas City Southern will post $4.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Monday, September 12th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, September 8th. Kansas City Southern’s dividend payout ratio is 28.82%.
In other Kansas City Southern news, CEO Patrick J. Ottensmeyer sold 5,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $95.62, for a total value of $478,100.00. Following the completion of the sale, the chief executive officer now directly owns 90,228 shares in the company, valued at approximately $8,627,601.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William J. Wochner sold 26,521 shares of the company’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $98.32, for a total value of $2,607,544.72. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Investment House LLC boosted its stake in shares of Kansas City Southern by 0.9% in the second quarter. Investment House LLC now owns 2,572 shares of the company’s stock valued at $232,000 after buying an additional 22 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Kansas City Southern by 0.4% in the second quarter. Capstone Asset Management Co. now owns 7,827 shares of the company’s stock worth $705,000 after buying an additional 30 shares during the period. Washington Trust Bank boosted its stake in shares of Kansas City Southern by 3.2% in the third quarter. Washington Trust Bank now owns 1,651 shares of the company’s stock worth $154,000 after buying an additional 51 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Kansas City Southern by 2.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 3,257 shares of the company’s stock worth $293,000 after buying an additional 63 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Kansas City Southern by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,316 shares of the company’s stock worth $1,110,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.
About Kansas City Southern
Kansas City Southern (KCS) is a transportation holding company with 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 controls and owns The Kansas City Southern Railway Company (KCSR), a United States Class I railroad that serves a 10-state region in the midwest and southeast regions of the United States and has the shortest north/south rail route between Kansas City, Missouri and several key ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas.
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