Kansas City Southern (NYSE: KSU) Receives Price Target Increase at Citigroup Inc.

Kansas City Southern (NYSE: KSU) had its price target increased by equities researchers at Citigroup Inc. from $109.00 to $110.00.Citigroup Inc. currently has a rating of Buy on the stock. A number of other analysts have issued reports on the stock recently, and Kansas City Southern has earned a consensus one-year price target of $103.94, higher than the opening price of $93.33, a difference of 11.28 percent. Kansas City Southern stock has a 52-week high of $100.69.

U.S. stocks finished sharply lower on Tuesday as equities amid a slump in energy shares and continued uncertainty about the Federal Reserve’s plans for monetary policy.

The Dow Jones Industrial Average DJIA, -1.41% closed 258.05 points, or 1.4%, lower at 18,066.89, and was down nearly 300 points at its lowest.

The S&P 500 index SPX, -1.48% gave up 32.02 points, or 1.5%, at 2,127.02.

Meanwhile, the Nasdaq Composite Index COMP, -1.09% fell 56.63 points, or 1.1%, at 5,155.25.

Share prices sometimes get a bounce to the upside when analysts inititate coverage.

Shares of Kansas City Southern (NYSE: KSU) opened at $93.33 yesterday and traded in a range between, $91.63 and $93.86, and last traded at $92.15, which represents a change of $ -2.02 over the previous closing price.

Kansas City Southern (NYSE: KSU) now has a market cap of 9.95B

The stocks average daily volume is 1,194,850 shares out of a total float 107,264,000 and some 1,695,578 shares traded hands yesterday, 118 percent higher than normal. Significant increases in trading volume and price appreciation together could signal heavy volume accumulation by institutional investors.

While increased trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these retain substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.

By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.

With that in mind Kansas City Southern (NYSE: KSU) now has a 50-day MA is $96.75 and 200-day MA is $91.75, and it has traded in a 52-week range between $62.20 – 100.69 and today’s last price is -8.48 percent off the 52 week high of $100.69.

Earnings growth is an important factor to look at when buying stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of BNB Daily News. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.

Add a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.