Analysts at Zacks Investment Research upgraded shares of Kansas City Southern (NYSE: KSU) from Hold to Buy today. Zacks Investment Research currently has a rating of Buy on the stock. The one-year price target of $104.31 is above the opening price of $90.55, resulting a fair amount of other analysts to comment on the stock recently. Looking back over the last 52 weeks, Kansas City Southern stock has a high of $100.69. Usually, after analysts assign an upgrade report on a stock, they will later issue recurring updates, such as a price target change.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Shares of Kansas City Southern (NYSE: KSU) opened at $90.55 yesterday trading between $89.57 and $90.67, and last traded at $89.58, which is a dip of $0.27 over the previous closing price.
Kansas City Southern (NYSE: KSU) currently has a market cap of 9.67B.
The stock’s average daily volume is 1,176,630 shares out of a total float 107,264,000 and some 1,060,107 shares traded hands yesterday, 93 percent below the norm. Trading volume is likely to increase in the next few days as momentum traders often use increases in trading volume to pinpoint large volume accumulation or circulation by institutional investors.
However, a single day of heavy buy side trading is not enough to affirm a trend. So market traders will continue to watch for institutional sponsorship as an indicator that financial institutions are moving forward.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain substantial teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.
By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.
With that in mind, Kansas City Southern (NYSE: KSU) now has a 50-day MA of $96.09 and 200-day MA of $91.97. It has traded in a 52-week range between $62.20 – 100.69 and today’s last price is 0.11% lower than the 52 week high of $100.69.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors look for companies that have grown their earnings at least 25% or more for 3 consecutive years.
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