Raymond James Has Negative Outlook of CP FY2024 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Raymond James cut their FY2024 earnings per share estimates for Canadian Pacific Kansas City in a report issued on Monday, January 27th. Raymond James analyst S. Hansen now anticipates that the transportation company will earn $2.90 per share for the year, down from their previous forecast of $3.06. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.00 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.86 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.96 EPS and FY2026 earnings at $3.90 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%.

Several other analysts have also recently weighed in on the stock. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Susquehanna lowered their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Citigroup upped their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $79.69 on Wednesday. The stock has a market cap of $74.39 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 2.01 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $75.25 and a 200 day simple moving average of $79.04. Canadian Pacific Kansas City has a 52 week low of $70.89 and a 52 week high of $91.58.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. 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 during the period. Tower View Wealth Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock worth $4,410,000 after buying an additional 130 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after acquiring an additional 135 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Canadian Pacific Kansas City by 12.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 141 shares during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in Canadian Pacific Kansas City by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock valued at $90,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.