Canadian Pacific Kansas City Limited Forecasted to Earn FY2024 Earnings of $3.12 Per Share (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Desjardins boosted their FY2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a report released on Monday, July 8th. Desjardins analyst B. Poirier now anticipates that the transportation company will post earnings of $3.12 per share for the year, up from their previous forecast of $3.09. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.15 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $3.75 EPS, FY2026 earnings at $4.39 EPS and FY2027 earnings at $5.04 EPS.

Other equities research analysts have also issued research reports about the company. Bank of America reduced their price target on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Evercore ISI cut their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Sanford C. Bernstein increased their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research report on Monday. Barclays upped their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.95.

Canadian Pacific Kansas City Stock Up 3.5 %

Shares of NYSE CP opened at $81.22 on Wednesday. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58. The business’s 50 day moving average is $79.36 and its two-hundred day moving average is $82.30. The firm has a market cap of $75.77 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.26 and a beta of 0.96. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of large investors have recently made changes to their positions in the business. LRI Investments LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter valued at $32,000. Anchor Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $40,000. Independence Bank of Kentucky bought a new stake in shares of 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 fourth quarter worth approximately $45,000. Finally, Tobam bought a new position in Canadian Pacific Kansas City during the first quarter valued at approximately $51,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Cuts Dividend

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

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.