Raymond James Brokers Decrease Earnings Estimates for TSE:CP

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Raymond James cut their Q3 2024 earnings estimates for Canadian Pacific Kansas City in a research report issued on Wednesday, October 16th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $1.01 per share for the quarter, down from their prior forecast of $1.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.25 EPS and FY2025 earnings at $5.10 EPS.

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

Several other research firms have also weighed in on CP. TD Securities boosted their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Desjardins raised their target price on shares of Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. National Bankshares set a C$119.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a research report on Thursday, June 27th. Finally, JPMorgan Chase & Co. raised their price target on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of C$121.13.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$110.57 on Friday. The stock has a market capitalization of C$103.18 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.32 and a beta of 0.79. The business has a 50-day moving average of C$112.26 and a two-hundred day moving average of C$111.75. 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 company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42.

Insider Transactions at Canadian Pacific Kansas City

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

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, October 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is 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.