Atb Cap Markets Brokers Cut Earnings Estimates for TSE:CP

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Wednesday, October 23rd. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings per share of $4.23 for the year, down from their previous forecast of $4.29. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.27 EPS, Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.51 EPS, FY2025 earnings at $5.03 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.39 EPS, Q3 2026 earnings at $1.47 EPS and FY2026 earnings at $5.90 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. The company had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%.

A number of other equities research analysts also recently issued reports on the stock. ATB Capital increased their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$124.00 to C$130.00 in a report on Wednesday, July 10th. Sanford C. Bernstein lowered their price target on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Finally, Barclays lifted their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$120.93.

Canadian Pacific Kansas City Price Performance

Shares of TSE:CP opened at C$108.76 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The company’s fifty day moving average is C$112.34 and its two-hundred day moving average is C$111.60. The company has a market cap of C$101.49 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79.

Insider Activity

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of Canadian Pacific Kansas City stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In other news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, December 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

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.