TSE:CP FY2024 EPS Reduced by National Bank Financial

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Stock analysts at National Bank Financial reduced their FY2024 earnings per share estimates for Canadian Pacific Kansas City in a report issued on Wednesday, October 23rd. National Bank Financial analyst C. Doerksen now expects that the company will earn $4.27 per share for the year, down from their previous estimate of $4.29. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share.

A number of other analysts have also recently commented on the stock. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Sanford C. Bernstein cut their price target on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Citigroup set a C$97.00 price target on Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Wednesday, October 9th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$124.00 to C$130.00 in a report on Wednesday, July 10th. Finally, ATB Capital lifted their target price on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$121.43.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$107.18 on Friday. The firm has a market capitalization of C$100.01 billion, a PE ratio of 28.73, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. The company has a 50-day moving average price of C$112.40 and a two-hundred day moving average price of C$111.45. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 earnings per share for the quarter, topping the consensus estimate of C$1.01 by C$0.04. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%. The company had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.55 billion.

Insider Buying and Selling

In other news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

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.