FY2024 EPS Estimates for TSE:CP Increased by Zacks Research

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities researchers at Zacks Research upped their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $4.24 for the year, up from their prior forecast of $4.22. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Zacks Research also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.27 EPS, Q1 2025 earnings at $1.07 EPS and Q4 2025 earnings at $1.37 EPS.

A number of other research firms also recently weighed in on CP. Royal Bank of Canada decreased their price objective on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Susquehanna upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Desjardins cut their price objective on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Citigroup set a C$97.00 target price on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$121.43.

Canadian Pacific Kansas City Price Performance

CP stock opened at C$103.07 on Monday. The company has a market capitalization of C$96.18 billion, a P/E ratio of 27.63, a PEG ratio of 2.32 and a beta of 0.79. The company has a fifty day moving average price of C$111.42 and a 200-day moving average price of C$110.28. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. Canadian Pacific Kansas City has a 52-week low of C$94.45 and a 52-week high of C$123.37.

Insider Activity

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. 0.03% of the stock is currently owned by company insiders.

Canadian Pacific Kansas City Announces 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 given a dividend of $0.19 per share. The ex-dividend date is Friday, December 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 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.