Canadian Pacific Kansas City Limited (NYSE:CP) to Post Q2 2024 Earnings of $0.75 Per Share, Raymond James Forecasts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Raymond James decreased their Q2 2024 EPS estimates for shares of Canadian Pacific Kansas City in a report issued on Monday, April 22nd. Raymond James analyst S. Hansen now anticipates that the transportation company will earn $0.75 per share for the quarter, down from their previous forecast of $0.81. Raymond James currently has a “Outperform” rating and a $130.00 target price on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q3 2024 earnings at $0.80 EPS, Q4 2024 earnings at $0.93 EPS and FY2025 earnings at $3.76 EPS.

CP has been the subject of a number of other research reports. Bank of America lifted their price objective on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. TD Securities cut shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Finally, Jefferies Financial Group initiated coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.22.

Canadian Pacific Kansas City Stock Down 6.6 %

CP stock opened at $81.93 on Wednesday. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $76.41 billion, a P/E ratio of 26.09, a PEG ratio of 2.22 and a beta of 0.94. The firm has a 50 day simple moving average of $87.18 and a 200-day simple moving average of $79.73.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently modified their holdings of CP. GAMMA Investing LLC grew its position in Canadian Pacific Kansas City by 12.1% in the first quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after acquiring an additional 133 shares during the period. Valeo Financial Advisors LLC lifted its stake in Canadian Pacific Kansas City by 4.1% in the third quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock valued at $265,000 after buying an additional 141 shares during the period. Commerce Bank lifted its stake in Canadian Pacific Kansas City by 0.3% in the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after buying an additional 144 shares during the period. Accretive Wealth Partners LLC lifted its stake in Canadian Pacific Kansas City by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after buying an additional 145 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Canadian Pacific Kansas City by 0.3% in the third quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after acquiring an additional 148 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is 17.83%.

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.