FY2024 EPS Estimates for Canadian Pacific Kansas City Limited Boosted by Analyst (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Desjardins increased their FY2024 EPS estimates for shares of Canadian Pacific Kansas City in a report issued on Tuesday, October 8th. Desjardins analyst B. Poirier now anticipates that the transportation company will earn $3.17 per share for the year, up from their previous forecast of $3.10. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.10 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $3.77 EPS, FY2026 earnings at $4.42 EPS, FY2027 earnings at $5.13 EPS and FY2028 earnings at $5.79 EPS.

Several other equities analysts have also weighed in on the company. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Barclays lifted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Citigroup began coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday. They issued a “buy” rating and a $97.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, Evercore ISI increased their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $97.96.

Canadian Pacific Kansas City Trading Up 0.9 %

Shares of CP opened at $81.20 on Friday. The stock’s fifty day simple moving average is $82.38 and its 200 day simple moving average is $81.99. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $75.76 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. Canadian Pacific Kansas City’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds have recently made changes to their positions in CP. LRI Investments LLC acquired a new position in Canadian Pacific Kansas City in the first quarter worth about $32,000. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $35,000. ORG Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at approximately $39,000. Tobam acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at approximately $51,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Canadian Pacific Kansas City during the second quarter valued at $61,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.31%.

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.