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

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Analysts at Raymond James cut their Q1 2024 earnings estimates for Canadian Pacific Kansas City in a research report issued on Monday, April 22nd. Raymond James analyst S. Hansen now expects that the transportation company will post earnings per share of $0.69 for the quarter, down from their prior forecast of $0.73. 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 $3.21 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $3.17 EPS.

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

Several other brokerages also recently issued reports on CP. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, April 10th. Susquehanna lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Stifel Nicolaus raised their price objective on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, Bank of America lifted their price target on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Hold” and an average target price of $97.22.

Canadian Pacific Kansas City Trading Up 1.5 %

Shares of Canadian Pacific Kansas City stock opened at $87.72 on Tuesday. The company’s fifty day simple moving average is $87.24 and its 200-day simple moving average is $79.71. The company has a market cap of $81.81 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.17 and a beta of 0.94. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 1 year low of $68.92 and a 1 year high of $91.58.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sands Capital Management LLC bought a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $31,000. Anchor Investment Management LLC bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $40,000. AdvisorNet Financial Inc raised its stake in Canadian Pacific Kansas City by 452.1% in the 3rd quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 425 shares during the period. Independence Bank of Kentucky bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $43,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $45,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.83%.

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.