Citigroup Cuts Kansas City Southern (KSU) Price Target to $120.00

Kansas City Southern (NYSE:KSU) had its price objective trimmed by Citigroup from $123.00 to $120.00 in a research report report published on Friday morning. The brokerage currently has a buy rating on the transportation company’s stock.

Several other brokerages have also recently weighed in on KSU. Cowen raised Kansas City Southern from a market perform rating to an outperform rating and increased their price target for the company from $124.00 to $138.00 in a research note on Wednesday, August 29th. Loop Capital increased their price target on Kansas City Southern to $140.00 and gave the company a buy rating in a research note on Tuesday, August 28th. Bank of America decreased their price target on Kansas City Southern from $134.00 to $130.00 and set a buy rating for the company in a research note on Monday, October 1st. Deutsche Bank assumed coverage on Kansas City Southern in a research note on Tuesday, September 4th. They issued a hold rating and a $119.00 price target for the company. Finally, Raymond James increased their price target on Kansas City Southern from $128.00 to $133.00 and gave the company a strong-buy rating in a research note on Friday, August 31st. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $125.17.

KSU traded down $0.89 on Friday, reaching $102.46. The stock had a trading volume of 21,554 shares, compared to its average volume of 1,515,268. Kansas City Southern has a fifty-two week low of $97.46 and a fifty-two week high of $120.34. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.53. The stock has a market cap of $10.51 billion, a PE ratio of 19.57, a PEG ratio of 1.32 and a beta of 0.82.

Kansas City Southern (NYSE:KSU) last issued its earnings results on Friday, October 19th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.57. The business had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $708.19 million. Kansas City Southern had a return on equity of 11.98% and a net margin of 37.98%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 EPS. On average, equities research analysts expect that Kansas City Southern will post 6.02 EPS for the current year.

In related news, VP Suzanne M. Grafton sold 729 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $119.78, for a total transaction of $87,319.62. Following the completion of the sale, the vice president now owns 10,580 shares of the company’s stock, valued at $1,267,272.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry J. Maier purchased 1,000 shares of the business’s stock in a transaction on Friday, October 26th. The stock was purchased at an average price of $102.68 per share, for a total transaction of $102,680.00. Following the acquisition, the director now owns 7,122 shares of the company’s stock, valued at approximately $731,286.96. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.

A number of large investors have recently made changes to their positions in KSU. ING Groep NV lifted its holdings in shares of Kansas City Southern by 4.3% in the second quarter. ING Groep NV now owns 10,987 shares of the transportation company’s stock valued at $1,164,000 after purchasing an additional 458 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Kansas City Southern by 20.4% in the second quarter. Wedbush Securities Inc. now owns 2,955 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 500 shares in the last quarter. Stanley Laman Group Ltd. lifted its holdings in shares of Kansas City Southern by 1.0% in the second quarter. Stanley Laman Group Ltd. now owns 54,092 shares of the transportation company’s stock valued at $5,732,000 after purchasing an additional 548 shares in the last quarter. WESPAC Advisors SoCal LLC lifted its holdings in shares of Kansas City Southern by 8.0% in the third quarter. WESPAC Advisors SoCal LLC now owns 7,425 shares of the transportation company’s stock valued at $841,000 after purchasing an additional 550 shares in the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of Kansas City Southern by 63.5% in the second quarter. Point72 Hong Kong Ltd now owns 1,439 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 559 shares in the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

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.

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