Desjardins Analysts Raise Earnings Estimates for Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Desjardins upped their FY2028 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued on Wednesday, April 24th. Desjardins analyst B. Poirier now expects that the transportation company will post earnings per share of $5.61 for the year, up from their previous forecast of $5.60. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.16 per share.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion.

Other equities research analysts also recently issued reports about the stock. Susquehanna Bancshares downgraded shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Bank of America dropped their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Finally, Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of CP stock opened at $81.68 on Monday. The firm has a 50 day moving average price of $87.04 and a two-hundred day moving average price of $79.90. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $76.18 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.94. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58.

Canadian Pacific Kansas City Cuts Dividend

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

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors have recently modified their holdings of CP. U.S. Capital Wealth Advisors LLC lifted its holdings in Canadian Pacific Kansas City by 15.6% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 14,803 shares of the transportation company’s stock valued at $1,102,000 after buying an additional 2,000 shares during the period. Valeo Financial Advisors LLC lifted its holdings in Canadian Pacific Kansas City by 4.1% in the third quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock valued at $265,000 after buying an additional 141 shares during the period. PDS Planning Inc lifted its holdings in Canadian Pacific Kansas City by 6.1% in the third quarter. PDS Planning Inc now owns 4,326 shares of the transportation company’s stock valued at $322,000 after buying an additional 248 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Canadian Pacific Kansas City by 0.3% in the third quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock valued at $3,802,000 after buying an additional 148 shares during the period. Finally, Moreno Evelyn V lifted its holdings in Canadian Pacific Kansas City by 100.9% in the third quarter. Moreno Evelyn V now owns 5,675 shares of the transportation company’s stock valued at $422,000 after buying an additional 2,850 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.