Atb Cap Markets Has Bearish Outlook for CP FY2024 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a report issued on Sunday, January 19th. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will post earnings of $2.89 per share for the year, down from their prior forecast of $3.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.00 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.84 EPS, Q1 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.99 EPS, Q4 2026 earnings at $1.13 EPS and FY2026 earnings at $3.97 EPS.

CP has been the subject of several other reports. Stephens upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $81.00 to $88.00 in a research note on Monday, January 6th. Wells Fargo & Company cut their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Stock Up 1.1 %

CP stock opened at $78.51 on Tuesday. The stock has a market capitalization of $73.29 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96. The company has a 50-day moving average of $74.66 and a two-hundred day moving average of $79.10. Canadian Pacific Kansas City has a 52-week low of $70.89 and a 52-week high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm earned $0.69 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis.

Institutional Trading of Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after buying an additional 1,678,784 shares in the last quarter. National Bank of Canada FI grew its position in Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after acquiring an additional 1,348,474 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $63,179,000. Caisse DE Depot ET Placement DU Quebec raised its position in Canadian Pacific Kansas City by 39.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock valued at $172,132,000 after purchasing an additional 565,783 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock valued at $501,219,000 after purchasing an additional 537,418 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.