Atb Cap Markets Comments on Canadian Pacific Kansas City Limited’s Q1 2024 Earnings (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Atb Cap Markets reduced their Q1 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a report released on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will post earnings of $0.71 per share for the quarter, down from their prior forecast of $0.75. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.22 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.98 EPS, FY2024 earnings at $3.27 EPS, Q1 2025 earnings at $0.90 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $3.86 EPS.

Several other brokerages also recently weighed in on CP. Bank of America boosted their target price on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday. Susquehanna dropped their price target on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Barclays boosted their price target on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Stifel Nicolaus boosted their price target on Canadian Pacific Kansas City from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $95.12.

Canadian Pacific Kansas City Trading Down 1.6 %

CP opened at $86.65 on Thursday. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The stock has a fifty day moving average price of $87.07 and a 200-day moving average price of $79.00. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The firm has a market cap of $80.81 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 2.67 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.1415 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.83%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. &PARTNERS raised its stake in shares of Canadian Pacific Kansas City by 28.0% in the first quarter. &PARTNERS now owns 3,384 shares of the transportation company’s stock valued at $299,000 after acquiring an additional 740 shares in the last quarter. Sanders Morris Harris LLC raised its stake in shares of Canadian Pacific Kansas City by 1.6% in the first quarter. Sanders Morris Harris LLC now owns 15,604 shares of the transportation company’s stock valued at $1,377,000 after acquiring an additional 250 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Canadian Pacific Kansas City by 5.6% in the first quarter. Gulf International Bank UK Ltd now owns 9,232 shares of the transportation company’s stock valued at $814,000 after acquiring an additional 492 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of Canadian Pacific Kansas City by 4.1% in the first quarter. First Affirmative Financial Network now owns 5,361 shares of the transportation company’s stock valued at $473,000 after acquiring an additional 210 shares in the last quarter. Finally, Threadgill Financial LLC raised its stake in shares of Canadian Pacific Kansas City by 1.1% in the first quarter. Threadgill Financial LLC now owns 55,402 shares of the transportation company’s stock valued at $4,885,000 after acquiring an additional 602 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.