Trading Report: The Loop Capital Reaffirms Buy Rating for Kansas City Southern (KSU)

The Loop Capital Reaffirms Buy Rating for Kansas City Southern (KSU)

Kansas City Southern (NYSE:KSU)‘s stock had its “buy” rating reiterated by Loop Capital in a research report issued on Wednesday. They presently have a $113.00 price target on the stock, down from their prior price target of $115.00. Loop Capital’s price target suggests a potential upside of 22.69% from the stock’s current price.

A number of other brokerages also recently commented on KSU. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $107.00 target price (up from $103.00) on shares of Kansas City Southern in a report on Friday, July 22nd. Credit Suisse Group AG restated a “neutral” rating and set a $101.00 price target (up previously from $99.00) on shares of Kansas City Southern in a research note on Friday, July 22nd. RBC Capital Markets restated an “outperform” rating and set a $114.00 price target (up previously from $109.00) on shares of Kansas City Southern in a research note on Wednesday, July 20th. Citigroup Inc. boosted their price target on Kansas City Southern from $108.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Finally, Barclays PLC boosted their price target on Kansas City Southern from $73.00 to $79.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $100.92.

Kansas City Southern (NYSE:KSU) opened at 92.10 on Wednesday. The stock has a 50 day moving average of $94.57 and a 200 day moving average of $92.42. The company has a market cap of $9.95 billion, a PE ratio of 20.04 and a beta of 1.14. Kansas City Southern has a 52 week low of $62.20 and a 52 week high of $100.69.

Kansas City Southern (NYSE:KSU) last announced its earnings results on Tuesday, July 19th. The company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.14. The business earned $569 million during the quarter, compared to the consensus estimate of $572.20 million. Kansas City Southern had a net margin of 21.13% and a return on equity of 12.00%. Equities research analysts predict that Kansas City Southern will post $4.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Monday, September 12th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, September 8th. Kansas City Southern’s dividend payout ratio is currently 28.82%.

In other Kansas City Southern news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael W. Upchurch sold 5,367 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $95.18, for a total value of $510,831.06. Following the completion of the sale, the chief financial officer now owns 16,808 shares of the company’s stock, valued at $1,599,785.44. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Kansas City Southern by 1.4% in the second quarter. Vanguard Group Inc. now owns 9,452,097 shares of the company’s stock valued at $851,539,000 after buying an additional 133,749 shares during the last quarter. Winslow Capital Management LLC bought a new stake in shares of Kansas City Southern during the second quarter valued at about $261,621,000. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Kansas City Southern by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,809,940 shares of the company’s stock valued at $240,109,000 after buying an additional 19,869 shares during the last quarter. Waddell & Reed Financial Inc. boosted its stake in shares of Kansas City Southern by 14.8% in the second quarter. Waddell & Reed Financial Inc. now owns 2,558,753 shares of the company’s stock valued at $230,518,000 after buying an additional 330,177 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Kansas City Southern by 2.0% in the second quarter. TIAA CREF Investment Management LLC now owns 1,254,163 shares of the company’s stock valued at $112,988,000 after buying an additional 24,053 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

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