FY2024 Earnings Estimate for CP Issued By Atb Cap Markets

Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) – Equities researchers at Atb Cap Markets reduced their FY2024 earnings estimates for Canadian Pacific Kansas City in a research report issued on Sunday, January 19th. Atb Cap Markets analyst C. Murray now expects that the transportation company will post earnings per share of $2.89 for the year, down from their prior estimate of $3.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.00 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.84 EPS, Q1 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.99 EPS, Q4 2026 earnings at $1.13 EPS and FY2026 earnings at $3.97 EPS.

A number of other equities research analysts also recently commented on the stock. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Wells Fargo & Company dropped their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Finally, Susquehanna dropped their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

View Our Latest Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Trading Up 1.1 %

Canadian Pacific Kansas City stock opened at $78.51 on Tuesday. Canadian Pacific Kansas City has a one year low of $70.89 and a one year high of $91.58. The business’s fifty day moving average is $74.66 and its 200 day moving average is $79.10. The stock has a market capitalization of $73.29 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the business earned $0.69 EPS. Canadian Pacific Kansas City’s revenue was up 6.3% on a year-over-year basis.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently added to or reduced their stakes in CP. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock valued at $165,419,000 after acquiring an additional 1,678,784 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after purchasing an additional 1,348,474 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at approximately $63,179,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Canadian Pacific Kansas City by 39.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock valued at $172,132,000 after purchasing an additional 565,783 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Canadian Pacific Kansas City by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock valued at $501,219,000 after purchasing an additional 537,418 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

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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.

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Earnings History and Estimates for Canadian Pacific Kansas City (NYSE:CP)

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