Q1 2024 EPS Estimates for Canadian Pacific Kansas City Limited Lowered by Analyst (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities research analysts at Raymond James decreased their Q1 2024 EPS estimates for shares of Canadian Pacific Kansas City in a research note issued on Monday, April 22nd. Raymond James analyst S. Hansen now expects that the company will earn $0.94 per share for the quarter, down from their previous estimate of $0.99. Raymond James currently has a “Outperform” rating and a $130.00 target price on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.35 EPS.

Other equities research analysts have also issued research reports about the stock. TD Securities increased their price objective on shares of Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. CIBC increased their price objective on shares of Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Stephens raised their target price on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. raised their target price on shares of Canadian Pacific Kansas City from C$116.00 to C$121.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, ATB Capital raised their target price on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and eight 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 target price of C$120.88.

Canadian Pacific Kansas City Stock Up 1.1 %

Shares of TSE:CP opened at C$119.77 on Tuesday. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The company’s 50-day moving average price is C$118.43 and its two-hundred day moving average price is C$108.04. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. The firm has a market cap of C$111.69 billion, a P/E ratio of 28.45, a P/E/G ratio of 2.32 and a beta of 0.75.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Tuesday, January 30th. The company reported C$1.18 EPS for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.06. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. The firm had revenue of C$3.78 billion for the quarter, compared to analyst estimates of C$3.66 billion.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total value of C$930,859.57. In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total transaction of C$930,859.57. Insiders have sold 97,758 shares of company stock worth $10,774,715 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a $0.19 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.63%. Canadian Pacific Kansas City’s dividend payout ratio is 18.05%.

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.