Q3 2024 EPS Estimates for Canadian Pacific Kansas City Limited (NYSE:CP) Decreased by Analyst

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at National Bank Financial decreased their Q3 2024 earnings per share estimates for Canadian Pacific Kansas City in a research report issued on Wednesday, April 24th. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will earn $0.80 per share for the quarter, down from their prior estimate of $0.81. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.18 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.96 EPS and FY2025 earnings at $3.76 EPS.

CP has been the topic of several other research reports. Raymond James increased their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Bank of America dropped their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Susquehanna dropped their target price on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Stock Down 0.5 %

Canadian Pacific Kansas City stock opened at $81.68 on Friday. The firm has a market capitalization of $76.18 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.12 and a beta of 0.94. The stock’s fifty day simple moving average is $87.04 and its 200-day simple moving average is $79.85. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Hedge funds have recently made changes to their positions in the business. Sands Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth about $31,000. Anchor Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $40,000. Independence Bank of Kentucky acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $43,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $45,000. Finally, Rational Advisors LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter valued at about $52,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

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.