Q1 2024 EPS Estimates for Canadian Pacific Kansas City Limited Reduced by National Bank Financial (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – National Bank Financial dropped their Q1 2024 EPS estimates for shares of Canadian Pacific Kansas City in a report released on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now expects that the transportation company will post earnings of $0.69 per share for the quarter, down from their prior forecast of $0.73. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.22 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.98 EPS, FY2024 earnings at $3.22 EPS and FY2025 earnings at $3.89 EPS.

A number of other brokerages have also commented on CP. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Susquehanna cut their target price on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Stifel Nicolaus increased their price target on Canadian Pacific Kansas City from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. dropped their price objective on Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Hold” and a consensus target price of $93.63.

Canadian Pacific Kansas City Stock Up 0.6 %

Shares of Canadian Pacific Kansas City stock opened at $87.48 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City has a 1-year low of $68.92 and a 1-year high of $91.58. The business’s fifty day moving average price is $86.47 and its two-hundred day moving average price is $78.70. The company has a market capitalization of $81.57 billion, a P/E ratio of 27.86, a PEG ratio of 2.63 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lavaca Capital LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $8,077,000. SG Americas Securities LLC grew its position in Canadian Pacific Kansas City by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after purchasing an additional 12,748 shares in the last quarter. Element Capital Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $7,815,000. Scopus Asset Management L.P. acquired a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $10,096,000. Finally, WCM Investment Management LLC lifted its position in Canadian Pacific Kansas City by 21.8% in the 3rd quarter. WCM Investment Management LLC now owns 38,100,632 shares of the transportation company’s stock worth $2,835,068,000 after buying an additional 6,819,305 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a $0.1415 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a yield of 0.65%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.83%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.