Raymond James Issues Negative Outlook for TSE:CP Earnings

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities researchers at Raymond James decreased their Q4 2024 EPS estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Wednesday, October 16th. Raymond James analyst S. Hansen now anticipates that the company will post earnings of $1.27 per share for the quarter, down from their previous estimate of $1.28. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, topping analysts’ consensus estimates of C$1.01 by C$0.04. The company had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%.

A number of other equities research analysts also recently weighed in on CP. National Bankshares set a C$119.00 price objective on Canadian Pacific Kansas City and gave the company a “sector perform” rating in a research report on Thursday, June 27th. Barclays raised their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Royal Bank of Canada boosted their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$137.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. raised their target price on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$124.00 to C$130.00 in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$121.13.

Canadian Pacific Kansas City Trading Down 1.3 %

Shares of TSE:CP opened at C$110.57 on Monday. The company has a market capitalization of C$103.18 billion, a PE ratio of 29.64, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The business’s fifty day simple moving average is C$112.26 and its 200-day simple moving average is C$111.69.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total value of C$2,430,629.59. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, October 28th were given a dividend of $0.19 per share. The ex-dividend date was Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

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.