Canadian Pacific Kansas City Limited Expected to Earn Q4 2023 Earnings of $0.82 Per Share (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Equities researchers at Raymond James lowered their Q4 2023 earnings per share estimates for shares of Canadian Pacific Kansas City in a research report issued on Thursday, September 14th. Raymond James analyst S. Hansen now forecasts that the transportation company will post earnings of $0.82 per share for the quarter, down from their prior estimate of $0.90. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $2.92 per share.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.07). Canadian Pacific Kansas City had a return on equity of 8.92% and a net margin of 41.92%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.47 billion.

A number of other research firms also recently commented on CP. Credit Suisse Group lifted their target price on Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Susquehanna increased their target price on Canadian Pacific Kansas City from $95.00 to $98.00 and gave the stock a “positive” rating in a research note on Friday, July 28th. Morgan Stanley assumed coverage on Canadian Pacific Kansas City in a research report on Tuesday, September 5th. They issued an “equal weight” rating and a $100.00 price target on the stock. StockNews.com assumed coverage on Canadian Pacific Kansas City in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group assumed coverage on Canadian Pacific Kansas City in a research note on Tuesday, June 6th. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.87.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $79.88 on Monday. The stock’s fifty day moving average price is $79.91 and its 200-day moving average price is $78.85. Canadian Pacific Kansas City has a 12 month low of $65.17 and a 12 month high of $85.40. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.52. The firm has a market cap of $74.41 billion, a P/E ratio of 23.22, a P/E/G ratio of 2.71 and a beta of 1.01.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a dividend of $0.1437 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 16.57%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the stock. Carolinas Wealth Consulting LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $25,000. BerganKDV Wealth Management LLC raised its position in shares of Canadian Pacific Kansas City by 193.9% during the 1st quarter. BerganKDV Wealth Management LLC now owns 338 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 223 shares during the last quarter. Stonebridge Capital Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 750.0% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. McIlrath & Eck LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $32,000. Finally, Motco bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $32,000. 67.93% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.