National Bank Financial Weighs in on Canadian Pacific Kansas City Limited’s Q3 2024 Earnings (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at National Bank Financial dropped their Q3 2024 earnings estimates for shares of Canadian Pacific Kansas City in a report released on Wednesday, April 24th. National Bank Financial analyst C. Doerksen now expects that the transportation company will post earnings of $0.80 per share for the quarter, down from their previous forecast of $0.81. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.96 EPS and FY2025 earnings at $3.76 EPS.

Several other equities research analysts have also issued reports on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Evercore reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Finally, Barclays boosted their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Price Performance

CP stock opened at $81.66 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The firm has a market cap of $76.16 billion, a P/E ratio of 26.17, a P/E/G ratio of 2.10 and a beta of 0.94. The company’s 50-day moving average price is $87.04 and its two-hundred day moving average price is $79.80.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.57%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors have recently added to or reduced their stakes in CP. Norges Bank purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth about $979,890,000. TD Asset Management Inc raised its stake in Canadian Pacific Kansas City by 47.7% in the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares in the last quarter. Legal & General Group Plc purchased a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $481,016,000. Sustainable Growth Advisers LP raised its stake in Canadian Pacific Kansas City by 151.4% in the third quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock valued at $583,917,000 after purchasing an additional 4,726,098 shares in the last quarter. Finally, Causeway Capital Management LLC purchased a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $305,505,000. Institutional investors own 72.20% of the company’s stock.

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.