CP Q4 EPS Forecast Cut by National Bank Financial

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Stock analysts at National Bank Financial lowered their Q4 2024 earnings estimates for shares of Canadian Pacific Kansas City in a report issued on Wednesday, October 23rd. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will post earnings of $0.94 per share for the quarter, down from their previous forecast of $0.95. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share.

CP has been the subject of a number of other research reports. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Evercore ISI boosted their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. Barclays boosted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Bank of America decreased their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.78.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $77.10 on Friday. The firm has a market capitalization of $71.94 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96. The company has a fifty day moving average of $82.90 and a 200-day moving average of $81.48. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a twelve month low of $69.07 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Grove Bank & Trust lifted its holdings in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the last quarter. LRI Investments LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter valued at about $32,000. Chris Bulman Inc purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at about $35,000. Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City during the third quarter valued at about $38,000. Finally, ORG Partners LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at about $39,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.14 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is 17.95%.

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.