Desjardins Analysts Raise Earnings Estimates for Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Desjardins raised their FY2028 EPS estimates for Canadian Pacific Kansas City in a report released on Wednesday, April 24th. Desjardins analyst B. Poirier now expects that the transportation company will earn $5.61 per share for the year, up from their prior estimate of $5.60. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.16 per share.

Other equities analysts have also issued research reports about the stock. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Barclays increased their price objective on shares of 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. Finally, StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $81.68 on Monday. 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 firm has a fifty day moving average price of $87.04 and a 200 day moving average price of $79.90. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The firm has a market cap of $76.18 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 2.11 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued 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). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders 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 annualized dividend and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc increased its stake in Canadian Pacific Kansas City by 0.6% in the 1st quarter. K.J. Harrison & Partners Inc now owns 90,596 shares of the transportation company’s stock worth $7,985,000 after buying an additional 573 shares during the period. McCollum Christoferson Group LLC increased its stake in Canadian Pacific Kansas City by 4.8% in the 1st quarter. McCollum Christoferson Group LLC now owns 59,103 shares of the transportation company’s stock worth $5,217,000 after buying an additional 2,720 shares during the period. Narwhal Capital Management increased its stake in Canadian Pacific Kansas City by 1.1% in the 1st quarter. Narwhal Capital Management now owns 54,073 shares of the transportation company’s stock worth $4,768,000 after buying an additional 603 shares during the period. Mesirow Financial Investment Management Inc. purchased a new position in Canadian Pacific Kansas City in the 1st quarter worth about $1,440,000. Finally, Bogart Wealth LLC increased its stake in Canadian Pacific Kansas City by 17,083.0% in the 1st quarter. Bogart Wealth LLC now owns 9,107 shares of the transportation company’s stock worth $803,000 after buying an additional 9,054 shares during the period. 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.