Atb Cap Markets Issues Negative Estimate for CP Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Atb Cap Markets reduced their Q4 2024 earnings estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Wednesday, October 23rd. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will earn $0.91 per share for the quarter, down from their prior estimate of $0.95. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q1 2025 earnings at $0.78 EPS, Q4 2025 earnings at $1.09 EPS, Q1 2026 earnings at $0.93 EPS, Q2 2026 earnings at $1.00 EPS, Q3 2026 earnings at $1.06 EPS and FY2026 earnings at $4.25 EPS.

Several other equities research analysts have also commented on the company. Citigroup upped their target price on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America cut their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus lowered their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Sanford C. Bernstein cut their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Finally, Evercore ISI raised their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.95.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $77.11 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $82.86 and its two-hundred day simple moving average is $81.40. Canadian Pacific Kansas City has a 12 month low of $69.07 and a 12 month high of $91.58. The stock has a market capitalization of $71.95 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the company earned $0.69 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year.

Canadian Pacific Kansas City Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $32,000. Chris Bulman Inc bought a new position in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $35,000. Asset Dedication LLC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $38,000. Finally, ORG Partners LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.