Cowen & Co. analyst Jason Seidl reiterated a Buy rating on Kansas City Southern (KSU) today and set a price target of $151.00. The company’s shares closed last Monday at $144.00, close to its 52-week high of $144.44.
According to TipRanks.com, Seidl is a top 100 analyst with an average return of 14.3% and a 70.0% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Kansas City Southern with a $137.14 average price target, a -2.7% downside from current levels. In a report issued on October 3, Citigroup also maintained a Buy rating on the stock with a $144.00 price target.
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Based on Kansas City Southern’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $714 million and net profit of $129 million. In comparison, last year the company had a net profit of $174 million.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KSU in relation to earlier this year.
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Kansas City Southern is a transportation holding company. It focuses on the growing north or south freight corridor connecting key commercial and industrial markets in the central United States with major industrial cities in Mexico. The company also engages in the freight rail transportation business operating through a single coordinated rail network.
