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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Analysts at National Bank Financial reduced their Q3 2024 earnings estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Wednesday, April 24th. National Bank Financial analyst C. Doerksen now expects that the transportation company will earn $0.80 per share for the quarter, down from their previous 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 subject of several other research reports. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 price target for the company. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. Finally, Barclays upped their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $81.68 on Friday. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.43. The stock has a market cap of $76.18 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The company has a 50-day moving average price of $87.04 and a two-hundred day moving average price of $79.85.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion.

Canadian Pacific Kansas City Cuts Dividend

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

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of large investors have recently made changes to their positions in the company. Sands Capital Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $31,000. Anchor Investment Management LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $40,000. Independence Bank of Kentucky acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $43,000. McGlone Suttner Wealth Management Inc. acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $45,000. Finally, Rational Advisors LLC acquired a new position in Canadian Pacific Kansas City in the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds 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.