Canadian Pacific Kansas City Limited (NYSE:CP) Forecasted to Earn Q2 2024 Earnings of $0.74 Per Share

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Analysts at Raymond James lowered their Q2 2024 earnings estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Thursday, April 25th. Raymond James analyst S. Hansen now anticipates that the transportation company will earn $0.74 per share for the quarter, down from their previous forecast of $0.75. 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.

A number of other research analysts have also weighed in on CP. Bank of America decreased their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Jefferies Financial Group assumed coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective for the company. Evercore cut their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Susquehanna Bancshares downgraded shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their price objective for the company from $90.00 to $87.00 in a report on Monday, January 8th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $96.42.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of Canadian Pacific Kansas City stock opened at $81.66 on Friday. The firm has a market capitalization of $76.16 billion, a PE ratio of 26.17, a P/E/G ratio of 2.10 and a beta of 0.94. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The firm’s 50-day moving average price is $87.04 and its 200 day moving average price is $79.80. 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 (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the stock. YCG LLC increased its holdings in Canadian Pacific Kansas City by 32.5% in the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after purchasing an additional 91,276 shares during the last quarter. SG Americas Securities LLC increased its holdings in Canadian Pacific Kansas City by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after purchasing an additional 12,748 shares during the last quarter. Element Capital Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Canadian Pacific Kansas City by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after purchasing an additional 14,557 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $5,392,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

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.