Barclays Maintains Rating And Raises Price Target On Kansas City Southern (KSU)

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Kansas City Southern (NYSE:KSU).

October 2 investment analysts at Morgan Stanley held the stock rating at “Equal-Weight” but lowered the price expectation to $88.00 from $90.00. On October 4 Citigroup made no change to the stock rating of “Buy” but raised the price target from $99.00 to $123.00.

On October 10 the stock rating was upgraded to “Buy” from “Neutral” in a report issued by Bank of America. October 12 investment analysts at JP Morgan held the company rating at “Overweight” and raised the price target from $105.00 to $130.00.

October 23 investment analysts at Morgan Stanley maintained a stock rating of “Equal-Weight” and moved up the price target from $88.00 to $105.00.

The company is up by 0.46% percent from yesterday’s close. Additionally Kansas City Southern recently declared a dividend paid on Wednesday the 4th of October 2017. The dividend was $0.360 per share for the quarter or $1.44 on an annualized basis. This dividend represents a yield of $1.39 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 8th of September 2017.

It is currently trading at $106.50 which is a tad above the 50 day moving average of $105.68 and just above the 200 day moving average of $100.32. The 50 day moving average went up by +0.769% and the 200 day average was up $6.18.

Kansas City Southern (KCS), launched on January 29, 1962, 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. Its subsidiaries include The Kansas City Southern Railway Company (KCSR), Kansas City Southern de Mexico, S.A. de C.V. (KCSM), Mexrail, Inc. (Mexrail), KCSM Servicios, S.A. de C.V. (KCSM Servicios), Meridian Speedway, LLC (MSLLC) and Panama Canal Railway Company (PCRC). KCSR serves a 10-state region in the midwest and southeast regions of the United States and has the north/south rail route between Kansas City, Missouri and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas. KCSM operates a commercial corridor of the Mexican railroad system. KCSM’s rail lines provide rail access to the United States and Mexico border crossing at Nuevo Laredo, Tamaulipas, the rail freight interchange point between the United States and Mexico. As of December 31, 2016, KCSM served its Mexico’s industrial cities and three of its seaports. KCSM also provides rail access to the Port of Lazaro Cardenas on the Pacific Ocean..

Kansas City Southern currently has a P/E ratio of 21.432 and market capitalization is 11.23B. In the latest earnings report the EPS was $4.97 and is estimated to be $5.18 for the current year with 105,421,000 shares presently outstanding. Next quarter’s EPS is expected be $1.35 and the next full year EPS is anticipated to be $5.84.

Investors are more bullish on shares of the company lately at least if you consider the downtick in short interest. The firm had a fall in short interest between September 15, 2017 and September 29, 2017 of -21.69%. Short interest fell 442,584 over that timeframe. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares was 0.02% on September 29.