Kansas City Southern (KSU) was Reiterated by UBS to “Buy” while Lowering the Price Target of the company shares to $ 103 from a previous price target of $108 . UBS advised their investors in a research report released on Oct 19, 2016.
Many Wall Street Analysts have commented on Kansas City Southern. Seaport Global Securities Initiated Kansas City Southern on Oct 19, 2016 to “Accumulate”, Price Target of the shares are set at $104.
On the company’s financial health, Kansas City Southern reported $1.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 18, 2016. Analyst had a consensus of $1.18. The company had revenue of $605.00 million for the quarter, compared to analysts expectations of $602.29 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.21 EPS.
Kansas City Southern opened for trading at $94.1 and hit $95.11 on the upside on Friday, eventually ending the session at $94.55, with a gain of 1.38% or 1.29 points. The heightened volatility saw the trading volume jump to 16,14,781 shares. Company has a market cap of $10,210 M.
In a different news, on Aug 5, 2016, Patrick J Ottensmeyer (President & CEO) sold 5,000 shares at $95.62 per share price. According to the SEC, on Aug 1, 2016, Michael W Upchurch (EVP & Chief Financial Officer) sold 5,367 shares at $95.18 per share price. On Jun 10, 2016, Robert J Druten (director) sold 3,240 shares at $89.94 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.