FY2024 EPS Estimates for Canadian Pacific Kansas City Limited (NYSE:CP) Reduced by Raymond James

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Raymond James reduced their FY2024 earnings per share estimates for Canadian Pacific Kansas City in a report released on Thursday, April 25th. Raymond James analyst S. Hansen now anticipates that the transportation company will earn $3.13 per share for the year, down from their prior estimate of $3.17. Raymond James has a “Outperform” rating and a $130.00 price target on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.16 per share.

Several other equities analysts have also recently commented on the stock. Evercore reduced their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Barclays lifted their target price on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Bank of America reduced their price objective on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Trading Down 1.0 %

NYSE CP opened at $80.85 on Monday. The company has a market capitalization of $75.40 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The company’s fifty day moving average price is $86.94 and its two-hundred day moving average price is $79.96.

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

Canadian Pacific Kansas City Cuts Dividend

The business 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 dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently made changes to their positions in CP. YCG LLC raised its stake in shares of Canadian Pacific Kansas City by 32.5% in the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after buying an additional 91,276 shares in the last quarter. SG Americas Securities LLC raised its position in Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after acquiring an additional 12,748 shares in the last quarter. Element Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Canadian Pacific Kansas City by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after purchasing an additional 14,557 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Canadian Pacific Kansas City by 26.3% during the 4th quarter. Jennison Associates LLC now owns 57,878 shares of the transportation company’s stock valued at $4,577,000 after purchasing an additional 12,036 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.