FY2024 Earnings Estimate for TSE:CP Issued By Zacks Research

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Analysts at Zacks Research boosted their FY2024 EPS estimates for shares of Canadian Pacific Kansas City in a research report issued on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the company will earn $4.24 per share for the year, up from their prior estimate of $4.22. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Zacks Research also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.27 EPS, Q1 2025 earnings at $1.07 EPS and Q4 2025 earnings at $1.37 EPS.

Other analysts also recently issued research reports about the company. ATB Capital lifted their price target on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Securities raised their target price on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein cut their target price on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada decreased their target price on shares of Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and a consensus price target of C$121.43.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at C$104.29 on Monday. The company has a market capitalization of C$97.32 billion, a PE ratio of 27.96, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The stock has a fifty day moving average price of C$111.82. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, December 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

Insiders Place Their Bets

In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction that occurred 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. 0.03% of the stock is owned by insiders.

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.