Kansas City Southern (KSU) Price Target Raised to $142.00 at Loop Capital

Kansas City Southern (NYSE:KSU) had its price target upped by research analysts at Loop Capital to $142.00 in a research report issued on Thursday, April 18th, The Fly reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Loop Capital’s price target suggests a potential upside of 17.69% from the stock’s current price.

KSU has been the subject of a number of other reports. Citigroup boosted their target price on shares of Kansas City Southern from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Deutsche Bank reissued a “buy” rating on shares of Kansas City Southern in a research note on Wednesday, February 20th. Bank of America reissued a “buy” rating and set a $127.00 target price (up from $122.00) on shares of Kansas City Southern in a research note on Wednesday, March 20th. Morgan Stanley boosted their target price on shares of Kansas City Southern from $112.00 to $113.00 and gave the company an “equal weight” rating in a research note on Monday, January 7th. Finally, Raymond James boosted their target price on shares of Kansas City Southern from $135.00 to $140.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $127.50.

Shares of NYSE:KSU traded down $1.54 during trading on Thursday, reaching $120.66. 1,298,963 shares of the company’s stock traded hands, compared to its average volume of 960,797. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. Kansas City Southern has a 12 month low of $90.55 and a 12 month high of $125.92. The company has a market cap of $12.29 billion, a PE ratio of 20.21, a P/E/G ratio of 1.37 and a beta of 0.90.

Kansas City Southern (NYSE:KSU) last posted its earnings results on Wednesday, April 17th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.10. The firm had revenue of $674.80 million during the quarter, compared to analyst estimates of $669.08 million. Kansas City Southern had a net margin of 21.30% and a return on equity of 12.40%. Kansas City Southern’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 EPS. As a group, research analysts forecast that Kansas City Southern will post 6.84 EPS for the current fiscal year.

In other news, EVP Brian D. Hancock sold 4,648 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $124.77, for a total value of $579,930.96. Following the completion of the sale, the executive vice president now directly owns 30,276 shares of the company’s stock, valued at approximately $3,777,536.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrick J. Ottensmeyer sold 13,800 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $124.48, for a total transaction of $1,717,824.00. Following the completion of the sale, the chief executive officer now directly owns 109,725 shares of the company’s stock, valued at $13,658,568. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,285 shares of company stock valued at $3,870,266. Company insiders own 0.82% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. bought a new stake in shares of Kansas City Southern in the 1st quarter worth approximately $449,000. Foresters Investment Management Company Inc. raised its holdings in shares of Kansas City Southern by 206.6% in the 4th quarter. Foresters Investment Management Company Inc. now owns 204,800 shares of the transportation company’s stock worth $19,548,000 after purchasing an additional 138,000 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Kansas City Southern by 8.9% in the 4th quarter. IFM Investors Pty Ltd now owns 6,598 shares of the transportation company’s stock worth $630,000 after purchasing an additional 541 shares in the last quarter. RWC Asset Management LLP raised its holdings in shares of Kansas City Southern by 8.7% in the 4th quarter. RWC Asset Management LLP now owns 405,651 shares of the transportation company’s stock worth $38,719,000 after purchasing an additional 32,456 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Kansas City Southern in the 4th quarter worth approximately $575,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

About Kansas City Southern

Kansas City Southern, a transportation holding company, provides domestic and international rail transportation services in North America. The company 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.

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The Fly

Analyst Recommendations for Kansas City Southern (NYSE:KSU)

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