Kansas City Southern (KSU) was Initiated by Credit Agricole to “Underperform”. Credit Agricole advised their investors in a research report released on May 19, 2016.
Many Wall Street Analysts have commented on Kansas City Southern. Kansas City Southern was Upgraded by BofA/Merrill to ” Buy” on Apr 20, 2016. Company shares were Reiterated by UBS on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 108 from a previous price target of $98 .Company shares were Reiterated by Cowen on Apr 19, 2016 to “Market Perform”, Firm has raised the Price Target to $ 99 from a previous price target of $88 .
On the company’s financial health, Kansas City Southern reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.97. The company had revenue of $563.00 million for the quarter, compared to analysts expectations of $563.19 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 EPS.
Kansas City Southern opened for trading at $88.06 and hit $89.27 on the upside on Monday, eventually ending the session at $88.73, with a gain of 0.86% or 0.76 points. The heightened volatility saw the trading volume jump to 17,91,421 shares. Company has a market cap of $9,582 M.
Investors should note that on May 6, 2016, Kansas City Southern announced a cash dividend of $0.3300. The company’s management has announced Jun 9, 2016 as the ex-dividend date and fixed the record date on Jun 13, 2016. The payable date has been fixed on Jul 6, 2016.
In a different news, on Feb 19, 2016, Warren K Erdman (Executive Vice President) sold 3,000 shares at $82.00 per share price. According to the SEC, on Dec 10, 2015, Patrick J Ottensmeyer (President) purchased 2,500 shares at $76.22 per share price. On Jun 11, 2015, Michael J. Naatz (Sr. VP & CIO) sold 3,380 shares at $93.06 per share price, according to the Form-4 filing with the securities and exchange commission.
Kansas City Southern (KCS) is a transportation holding company with 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 rail network includes The Kansas City Southern Railway Company (KCSR) which 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 several key ports along the Gulf of Mexico in Alabama Louisiana Mississippi and Texas; Kansas City Southern de Mexico S.A. de C.V. (KCSM) which serves Mexico’s principal industrial cities and three of its major seaports and Mexrail Inc. (Mexrail) which owns The Texas Mexican Railway Company (Tex-Mex) which connects the operations of KCSR with KCSM.