BMO Capital Markets Boosts Kansas City Southern (KSU) Price Target to $120.00

Kansas City Southern (NYSE:KSU) had its target price hoisted by BMO Capital Markets from $117.00 to $120.00 in a research report released on Friday morning. They currently have a market perform rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Kansas City Southern from a buy rating to a hold rating in a report on Wednesday, December 20th. Morgan Stanley reiterated an equal weight rating and set a $102.00 target price (up previously from $97.00) on shares of Kansas City Southern in a report on Thursday, March 8th. Seaport Global Securities reiterated a neutral rating on shares of Kansas City Southern in a report on Friday, March 23rd. Finally, Credit Suisse Group reiterated an outperform rating and set a $121.00 target price (down previously from $126.00) on shares of Kansas City Southern in a report on Thursday, March 8th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $116.57.

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KSU opened at $110.13 on Friday. Kansas City Southern has a 12 month low of $86.14 and a 12 month high of $114.85. The stock has a market capitalization of $11,399.79, a PE ratio of 20.98, a P/E/G ratio of 1.37 and a beta of 0.78. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, January 19th. The transportation company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.02. Kansas City Southern had a return on equity of 12.07% and a net margin of 37.24%. The company had revenue of $660.40 million for the quarter, compared to the consensus estimate of $658.33 million. During the same quarter in the previous year, the business earned $1.21 EPS. Kansas City Southern’s revenue was up 10.3% compared to the same quarter last year. analysts predict that Kansas City Southern will post 6.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Monday, March 12th were given a $0.36 dividend. The ex-dividend date was Friday, March 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.31%. Kansas City Southern’s dividend payout ratio is currently 27.43%.

In other news, CMO Brian D. Hancock sold 2,325 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $113.00, for a total value of $262,725.00. Following the sale, the chief marketing officer now directly owns 19,455 shares of the company’s stock, valued at approximately $2,198,415. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Henry J. Maier purchased 1,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $104.35 per share, for a total transaction of $104,350.00. Following the completion of the transaction, the director now owns 5,159 shares in the company, valued at $538,341.65. The disclosure for this purchase can be found here. Insiders own 0.95% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. CIBC Asset Management Inc boosted its position in shares of Kansas City Southern by 4.3% in the 4th quarter. CIBC Asset Management Inc now owns 11,135 shares of the transportation company’s stock worth $1,172,000 after purchasing an additional 461 shares in the last quarter. Creative Planning lifted its position in Kansas City Southern by 9.0% in the 4th quarter. Creative Planning now owns 6,273 shares of the transportation company’s stock valued at $660,000 after acquiring an additional 518 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its position in Kansas City Southern by 0.6% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 91,945 shares of the transportation company’s stock valued at $9,993,000 after acquiring an additional 554 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Kansas City Southern by 0.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 72,447 shares of the transportation company’s stock valued at $7,623,000 after acquiring an additional 567 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in Kansas City Southern by 4.6% in the 4th quarter. Brown Advisory Inc. now owns 12,944 shares of the transportation company’s stock valued at $1,362,000 after acquiring an additional 574 shares in the last quarter. 88.02% of the stock is currently owned by hedge funds and other institutional investors.

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About Kansas City Southern

Kansas City Southern, through its subsidiaries, provides domestic and international rail transportation services in North America. It serves a ten-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 ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas.

Analyst Recommendations for Kansas City Southern (NYSE:KSU)

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