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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Equities researchers at Raymond James decreased their Q1 2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a research note issued to investors on Monday, April 22nd. Raymond James analyst S. Hansen now anticipates that the transportation company will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.73. Raymond James has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.21 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $3.17 EPS.

Other research analysts have also recently issued research reports about the company. Bank of America increased their price objective on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 target price on the stock. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, April 10th. Susquehanna cut their price target on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Finally, TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Hold” and an average target price of $97.22.

Canadian Pacific Kansas City Trading Up 1.5 %

CP opened at $87.72 on Tuesday. The stock has a market cap of $81.81 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 2.17 and a beta of 0.94. The stock’s 50 day moving average price is $87.24 and its 200-day moving average price is $79.71. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. 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%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CP. Dynamic Advisor Solutions LLC purchased a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $237,000. CWM LLC lifted its stake in Canadian Pacific Kansas City by 13.6% in the 3rd quarter. CWM LLC now owns 17,676 shares of the transportation company’s stock worth $1,315,000 after purchasing an additional 2,120 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of Canadian Pacific Kansas City by 452.1% during the 3rd quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock valued at $39,000 after buying an additional 425 shares during the period. Ritholtz Wealth Management raised its position in shares of Canadian Pacific Kansas City by 3.8% during the 3rd quarter. Ritholtz Wealth Management now owns 6,790 shares of the transportation company’s stock valued at $505,000 after buying an additional 249 shares during the period. Finally, Arkadios Wealth Advisors raised its position in shares of Canadian Pacific Kansas City by 7.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 3,690 shares of the transportation company’s stock valued at $275,000 after buying an additional 253 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.