Atb Cap Markets Analysts Lower Earnings Estimates for Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Atb Cap Markets dropped their Q3 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will post earnings of $0.81 per share for the quarter, down from their prior estimate of $0.82. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.22 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q2 2025 earnings at $0.92 EPS.

Several other analysts also recently weighed in on CP. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective on the stock. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $95.29.

Canadian Pacific Kansas City Stock Down 0.7 %

CP stock opened at $86.06 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market capitalization of $80.26 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. The business’s 50 day moving average price is $87.12 and its two-hundred day moving average price is $79.06. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds and other institutional investors have recently bought and sold shares of CP. Stonebridge Capital Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 750.0% in the fourth 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at about $29,000. Sands Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at about $31,000. AdvisorNet Financial Inc boosted its holdings in shares of Canadian Pacific Kansas City by 452.1% in the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 425 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the first quarter worth about $39,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.1415 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is 17.83%.

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.