Atb Cap Markets Brokers Cut Earnings Estimates for Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Atb Cap Markets reduced their FY2024 earnings per share estimates for Canadian Pacific Kansas City in a report released on Wednesday, April 24th. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will earn $3.16 per share for the year, down from their prior estimate of $3.27. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.16 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.97 EPS, Q2 2025 earnings at $0.85 EPS and Q4 2025 earnings at $1.12 EPS.

CP has been the subject of a number of other research reports. Evercore ISI reduced their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday. Raymond James increased their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Finally, Bank of America reduced their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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 CP opened at $81.68 on Monday. The company has a market capitalization of $76.18 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.11 and a beta of 0.94. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.46 and a current ratio of 0.49. The stock has a 50-day moving average price of $87.04 and a 200 day moving average price of $79.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%.

Institutional Trading of Canadian Pacific Kansas City

Several large investors have recently added to or reduced their stakes in CP. U.S. Capital Wealth Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 15.6% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 14,803 shares of the transportation company’s stock valued at $1,102,000 after purchasing an additional 2,000 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock valued at $265,000 after purchasing an additional 141 shares during the period. PDS Planning Inc increased its position in shares of Canadian Pacific Kansas City by 6.1% during the 3rd quarter. PDS Planning Inc now owns 4,326 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 248 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock valued at $3,802,000 after purchasing an additional 148 shares during the period. Finally, Moreno Evelyn V increased its position in shares of Canadian Pacific Kansas City by 100.9% during the 3rd quarter. Moreno Evelyn V now owns 5,675 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 2,850 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a $0.141 dividend. This represents a $0.56 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 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.