Cowen upgraded shares of Kansas City Southern (NYSE:KSU) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday, August 29th, MarketBeat Ratings reports. The brokerage currently has $138.00 target price on the transportation company’s stock, up from their prior target price of $124.00.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley upped their target price on shares of Kansas City Southern from $106.00 to $108.00 and gave the company a $111.08 rating in a report on Monday, July 23rd. Credit Suisse Group increased their price target on shares of Kansas City Southern from $125.00 to $126.00 and gave the company a $111.08 rating in a report on Monday, July 23rd. Loop Capital increased their price target on shares of Kansas City Southern to $132.00 and gave the company a buy rating in a report on Monday, July 23rd. Stifel Nicolaus reaffirmed a buy rating and set a $130.00 target price on shares of Kansas City Southern in a report on Saturday, June 2nd. Finally, Zacks Investment Research raised shares of Kansas City Southern from a sell rating to a hold rating in a report on Tuesday, July 3rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $122.43.

NYSE KSU traded up $0.57 on Wednesday, reaching $117.24. The company had a trading volume of 661,464 shares, compared to its average volume of 1,130,696. The firm has a market cap of $12.10 billion, a PE ratio of 22.33, a PEG ratio of 1.50 and a beta of 0.83. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Kansas City Southern has a 1-year low of $99.47 and a 1-year high of $120.34.

Kansas City Southern (NYSE:KSU) last posted its quarterly earnings data on Friday, July 20th. The transportation company reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.02. Kansas City Southern had a net margin of 36.91% and a return on equity of 12.01%. The company had revenue of $682.40 million during the quarter, compared to the consensus estimate of $686.12 million. During the same period in the prior year, the business posted $1.33 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. equities research analysts forecast that Kansas City Southern will post 6.09 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 3rd. Investors of record on Monday, September 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Friday, September 7th. Kansas City Southern’s dividend payout ratio is presently 27.43%.

In other news, VP Suzanne M. Grafton sold 729 shares of Kansas City Southern stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $119.78, for a total transaction of $87,319.62. Following the completion of the transaction, the vice president now directly owns 10,580 shares in the company, valued at $1,267,272.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael W. Upchurch sold 5,442 shares of Kansas City Southern stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $116.77, for a total transaction of $635,462.34. Following the transaction, the chief financial officer now owns 17,906 shares of the company’s stock, valued at $2,090,883.62. The disclosure for this sale can be found here. Insiders have sold 7,171 shares of company stock valued at $841,712 in the last three months. 0.70% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its holdings in Kansas City Southern by 5.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,864,888 shares of the transportation company’s stock worth $1,045,284,000 after purchasing an additional 545,885 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Kansas City Southern by 2.2% in the second quarter. Wells Fargo & Company MN now owns 2,654,590 shares of the transportation company’s stock valued at $281,281,000 after acquiring an additional 56,187 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Kansas City Southern by 6.8% in the first quarter. Allianz Asset Management GmbH now owns 2,134,853 shares of the transportation company’s stock valued at $234,514,000 after acquiring an additional 136,750 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Kansas City Southern by 15.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,996,278 shares of the transportation company’s stock valued at $219,291,000 after acquiring an additional 266,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Kansas City Southern by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,423,829 shares of the transportation company’s stock valued at $156,408,000 after acquiring an additional 15,502 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

Kansas City Southern Company Profile

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.

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Analyst Recommendations for Kansas City Southern (NYSE:KSU)

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