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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Atb Cap Markets cut their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued on Wednesday, April 24th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will earn $3.16 per share for the year, down from their prior forecast of $3.27. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.16 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.97 EPS, Q2 2025 earnings at $0.85 EPS and Q4 2025 earnings at $1.12 EPS.

Other research analysts also recently issued reports about the stock. Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Evercore ISI reduced their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Barclays increased their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Raymond James upped their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $96.42.

Canadian Pacific Kansas City Price Performance

CP opened at $80.85 on Monday. The firm has a 50-day moving average price of $86.94 and a 200-day moving average price of $79.96. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $75.40 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 2.31 and a beta of 0.94.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CP. Commonwealth Equity Services LLC grew its holdings in shares of Canadian Pacific Kansas City by 3.9% in the first quarter. Commonwealth Equity Services LLC now owns 61,644 shares of the transportation company’s stock worth $5,435,000 after purchasing an additional 2,342 shares during the last quarter. ETF Store Inc. bought a new stake in Canadian Pacific Kansas City in the 1st quarter worth $268,000. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Canadian Pacific Kansas City by 3.6% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 62,329 shares of the transportation company’s stock valued at $5,496,000 after acquiring an additional 2,158 shares during the period. Marks Group Wealth Management Inc raised its stake in shares of Canadian Pacific Kansas City by 8.9% during the first quarter. Marks Group Wealth Management Inc now owns 78,620 shares of the transportation company’s stock valued at $6,932,000 after acquiring an additional 6,423 shares during the last quarter. Finally, K.J. Harrison & Partners Inc boosted its holdings in shares of Canadian Pacific Kansas City by 0.6% during the first quarter. K.J. Harrison & Partners Inc now owns 90,596 shares of the transportation company’s stock worth $7,985,000 after purchasing an additional 573 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is presently 17.95%.

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.