FY2024 Earnings Estimate for TSE:CP Issued By Zacks Research

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Stock analysts at Zacks Research boosted their FY2024 earnings per share estimates for Canadian Pacific Kansas City in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the company will earn $4.24 per share for the year, up from their previous 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.

CP has been the topic of a number of other reports. Royal Bank of Canada dropped their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. TD Securities lifted 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. National Bankshares upped their target price on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. ATB Capital lifted their price target on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Desjardins cut their price objective on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a research report 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$121.43.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$103.07 on Monday. Canadian Pacific Kansas City has a 1-year low of C$94.45 and a 1-year high of C$123.37. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The stock has a market cap of C$96.18 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The stock’s fifty day simple moving average is C$111.42 and its two-hundred day simple moving average is C$110.28.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given 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 yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio is presently 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.