Kansas City Southern (NYSE:KSU) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.
A number of other brokerages also recently weighed in on KSU. UBS AG reissued a “positive” rating and set a $117.00 price target (up previously from $103.00) on shares of Kansas City Southern in a research report on Monday, July 24th. BMO Capital Markets reissued a “market perform” rating and set a $105.00 price target (up previously from $98.00) on shares of Kansas City Southern in a research report on Tuesday, July 25th. Cowen and Company reaffirmed a “market perform” rating and issued a $104.00 target price (up previously from $95.00) on shares of Kansas City Southern in a research report on Monday, July 24th. Aegis upped 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. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $108.00 target price on shares of Kansas City Southern in a research report on Friday, June 30th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Kansas City Southern currently has a consensus rating of “Buy” and a consensus target price of $102.67.
Kansas City Southern (NYSE KSU) traded up 0.25% during mid-day trading on Friday, reaching $106.13. The company’s stock had a trading volume of 618,171 shares. Kansas City Southern has a 52-week low of $79.05 and a 52-week high of $109.13. The stock has a market cap of $11.19 billion, a PE ratio of 21.36 and a beta of 0.80. The company has a 50 day moving average of $103.97 and a 200-day moving average of $93.85.
Kansas City Southern (NYSE:KSU) last announced its quarterly earnings results on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.07. The firm had revenue of $656.40 million for 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 business’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. Equities analysts forecast that Kansas City Southern will post $5.21 earnings per share for the current year.
Kansas City Southern announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 15th that authorizes the company to repurchase $800.00 million in shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Kansas City Southern by 4,542.5% in the first quarter. BlackRock Inc. now owns 10,407,991 shares of the transportation company’s stock valued at $892,591,000 after buying an additional 10,183,801 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Kansas City Southern by 588.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,313,685 shares of the transportation company’s stock valued at $369,943,000 after buying an additional 3,687,248 shares during the period. Pioneer Investment Management Inc. boosted its stake in shares of Kansas City Southern by 103.8% in the first quarter. Pioneer Investment Management Inc. now owns 2,133,685 shares of the transportation company’s stock valued at $182,985,000 after buying an additional 1,086,853 shares during the period. Sustainable Growth Advisers LP boosted its stake in shares of Kansas City Southern by 49.4% in the first quarter. Sustainable Growth Advisers LP now owns 2,088,516 shares of the transportation company’s stock valued at $179,111,000 after buying an additional 690,470 shares during the period. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Kansas City Southern during the first quarter valued at about $52,373,000. Institutional investors and hedge funds own 85.05% 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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