National Bank Financial Weighs in on Canadian Pacific Kansas City Limited’s Q3 2024 Earnings (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – National Bank Financial reduced their Q3 2024 earnings estimates for Canadian Pacific Kansas City in a research note issued on Wednesday, April 24th. National Bank Financial analyst C. Doerksen now expects that the transportation company will earn $0.80 per share for the quarter, down from their previous forecast of $0.81. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.96 EPS and FY2025 earnings at $3.76 EPS.

Several other brokerages have also recently weighed in on CP. Barclays raised their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Susquehanna dropped their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday. Evercore ISI cut their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday. Finally, Evercore cut their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $81.66 on Friday. The company has a market cap of $76.16 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. 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 firm has a 50 day moving average of $87.04 and a 200-day moving average of $79.80.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.57%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sands Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at $31,000. Anchor Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth about $40,000. Independence Bank of Kentucky purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth about $43,000. McGlone Suttner Wealth Management Inc. purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth about $45,000. Finally, Rational Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $52,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Cuts Dividend

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

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.