Barclays Upgrades Kansas City Southern to Equal-weight with Price Target $99.00

Brokerage firm Barclays Upgrades its rating on Kansas City Southern(NYSE:KSU). In a research note issued to the investors, the brokerage major Raises the price-target to $99.00 per share. The shares have been rated Equal-weight. Previously, the analysts had a Underweight rating on the shares. The rating by Barclays was issued on Sep 12, 2016.

In a different note, Atlantic Equities said it Initiates Coverage on Kansas City Southern, according to a research note issued on Aug 11, 2016. The shares have been rated ‘Neutral’ by the firm. Loop Capital said it Initiates Coverage on Kansas City Southern, according to a research note issued on Aug 4, 2016. The shares have been rated ‘Buy’ by the firm. On Jul 20, 2016, Barclays said it Maintains its rating on Kansas City Southern. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 20, 2016, Citigroup said it Maintains its rating on Kansas City Southern. In the research note, the firm Raises the price-target to $108.00 per share. The shares have been rated ‘Buy’ by the firm. Oppenheimer said it Initiates Coverage on Kansas City Southern, according to a research note issued on Jun 16, 2016. The shares have been rated ‘Outperform’ by the firm.

Kansas City Southern (KSU) shares turned negative on Tuesdays trading session with the shares closing down -0.27 points or -0.30% at a volume of 10,60,107. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $90.67. The peak price level was also seen at $90.67 while the days lowest was $89.57. Finally the shares closed at $89.58. The 52-week high of the shares is $100.6899 while the 52-week low is $62.2. According to the latest information available, the market cap of the company is $9,673 M.

Kansas City Southern(KSU) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $568.50M. Analysts had an estimated revenue of $572.96M. Earnings per share were $1.22. Analysts had estimated an EPS of $1.04.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Patrick J Ottensmeyer (President & CEO) sold 5,000 shares at $95.62 per share price.Also, 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.

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