Raymond James Brokers Lower Earnings Estimates for Canadian Pacific Kansas City Limited (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Investment analysts at Raymond James cut their Q2 2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a research note issued on Thursday, April 25th. Raymond James analyst S. Hansen now expects that the company will post earnings of $1.01 per share for the quarter, down from their previous forecast of $1.03. Raymond James has a “Outperform” rating and a $130.00 price target on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share.

Several other brokerages have also issued reports on CP. National Bankshares dropped their price objective on Canadian Pacific Kansas City from C$121.00 to C$119.00 and set a “sector perform” rating on the stock in a report on Thursday. Royal Bank of Canada lifted their price target on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. ATB Capital boosted their price objective on 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. Sanford C. Bernstein raised their target price on shares of Canadian Pacific Kansas City from C$117.00 to C$118.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their price target 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 report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of C$120.63.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$111.63 on Friday. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The firm has a market capitalization of C$104.10 billion, a P/E ratio of 26.52, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. The company’s fifty day moving average price is C$118.24 and its 200 day moving average price is C$108.18.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.02). Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The company had revenue of C$3.52 billion for the quarter, compared to analysts’ expectations of C$3.52 billion.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a $0.19 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.76 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is currently 18.05%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer Nadeem Velani sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of Canadian Pacific Kansas City 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. Also, Senior Officer Nadeem Velani sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. In the last 90 days, insiders have sold 97,758 shares of company stock valued at $10,774,715. 0.03% of the stock is owned by corporate insiders.

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.