Canadian Pacific Kansas City Limited (NYSE:CP) to Post Q2 2024 Earnings of $0.75 Per Share, Raymond James Forecasts

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Analysts at Raymond James lowered their Q2 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst S. Hansen now anticipates that the transportation company will post earnings of $0.75 per share for the quarter, down from their prior forecast of $0.81. 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 $3.20 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q3 2024 earnings at $0.80 EPS, Q4 2024 earnings at $0.93 EPS and FY2025 earnings at $3.76 EPS.

Several other equities analysts have also recently issued reports on CP. Stifel Nicolaus upped their price objective on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research report on Friday, April 12th. TD Securities cut Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Barclays upped their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Bank of America upped their price objective on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Susquehanna Bancshares cut Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Hold” and a consensus price target of $97.22.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $81.93 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average price is $87.18 and its 200-day moving average price is $79.73. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a market cap of $76.41 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.22 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS 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 analysts’ expectations of $2.71 billion.

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 $0.1415 dividend. This represents a $0.57 annualized dividend and a dividend yield of 0.69%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 17.83%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in Canadian Pacific Kansas City by 12.1% in the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after buying an additional 133 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in Canadian Pacific Kansas City by 4.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after buying an additional 141 shares in the last quarter. Commerce Bank increased its stake in Canadian Pacific Kansas City by 0.3% in the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after buying an additional 144 shares in the last quarter. Accretive Wealth Partners LLC increased its stake in Canadian Pacific Kansas City by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock worth $753,000 after buying an additional 145 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.