Kansas City Southern (NYSE:KSU) CFO Michael W. Upchurch sold 5,367 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $95.18, for a total transaction of $510,831.06. Following the transaction, the chief financial officer now directly owns 16,808 shares of the company’s stock, valued at $1,599,785.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Several equities analysts recently weighed in on KSU shares. Zacks Investment Research raised shares of Kansas City Southern from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Tuesday, April 26th. Credit Agricole SA started coverage on shares of Kansas City Southern in a research note on Thursday, May 19th. They issued an “underperform” rating and a $95.00 price objective for the company. Citigroup Inc. reissued a “buy” rating and issued a $108.00 price objective on shares of Kansas City Southern in a research note on Saturday, June 18th. BMO Capital Markets reissued a “market perform” rating and issued a $94.00 price objective on shares of Kansas City Southern in a research note on Thursday, July 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of Kansas City Southern from $109.00 to $114.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $98.32.
Source: American Banking and Market News