Q2 2024 EPS Estimates for Canadian Pacific Kansas City Limited (TSE:CP) Increased by Analyst

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Desjardins raised their Q2 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Wednesday, April 24th. Desjardins analyst B. Poirier now forecasts that the company will post earnings per share of $0.94 for the quarter, up from their previous estimate of $0.91. Desjardins currently has a “Buy” rating and a $130.00 target price on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s Q3 2024 earnings at $1.08 EPS and Q4 2024 earnings at $1.30 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.95 by C($0.02). The business had revenue of C$3.52 billion during the quarter, compared to the consensus estimate of C$3.52 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%.

Other equities research analysts also recently issued reports about the company. Sanford C. Bernstein lifted their price objective on Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the company a “hold” rating in a report on Monday, April 15th. Barclays boosted their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research note on Thursday, April 4th. JPMorgan Chase & Co. lifted their price objective on Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. BMO Capital Markets upped their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. Finally, Royal Bank of Canada lifted their price target on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$120.63.

Canadian Pacific Kansas City Stock Performance

TSE CP opened at C$111.63 on Friday. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. The stock has a market cap of C$104.10 billion, a P/E ratio of 26.52, a PEG ratio of 2.32 and a beta of 0.75. The company’s 50-day simple moving average is C$118.24 and its 200 day simple moving average is C$108.18.

Insider Activity

In related news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total value of C$7,162,691.43. In related news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer John Kenneth Brooks sold 27,505 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. In the last ninety days, insiders sold 97,758 shares of company stock valued at $10,774,715. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Announces Dividend

The company 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 $0.19 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 18.05%.

Canadian Pacific Kansas City Company Profile

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.