CP FY2024 EPS Estimate Decreased by National Bank Financial

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Equities research analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a report released on Wednesday, October 23rd. National Bank Financial analyst C. Doerksen now expects that the transportation company will post earnings of $3.07 per share for the year, down from their prior forecast of $3.17. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $3.72 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS.

Other analysts also recently issued reports about the company. Sanford C. Bernstein decreased their target price on 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. Evercore ISI lifted their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Susquehanna raised shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their price objective for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Jefferies Financial Group reduced their target price on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Citigroup boosted their price target on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $94.15.

Canadian Pacific Kansas City Trading Up 0.1 %

NYSE:CP opened at $77.98 on Monday. Canadian Pacific Kansas City has a 12 month low of $69.08 and a 12 month high of $91.58. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $82.80 and its 200 day moving average is $81.18. The stock has a market capitalization of $72.76 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

Institutional Trading of Canadian Pacific Kansas City

Large investors have recently modified their holdings of the business. Grove Bank & Trust lifted its holdings in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the last quarter. LRI Investments LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter valued at about $32,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the second quarter worth about $35,000. Asset Dedication LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $38,000. Finally, ORG Partners LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $39,000. Institutional investors own 72.20% of the company’s stock.

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.