Equities Analysts Set Expectations for Canadian Pacific Kansas City Limited’s FY2024 Earnings (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Analysts at Raymond James dropped their FY2024 earnings per share estimates for Canadian Pacific Kansas City in a research note issued to investors on Thursday, April 25th. Raymond James analyst S. Hansen now anticipates that the transportation company will post earnings of $3.13 per share for the year, down from their previous estimate of $3.17. Raymond James has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.16 per share.

CP has been the topic of a number of other reports. TD Securities cut Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Susquehanna lowered their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Evercore lowered their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of CP stock opened at $81.68 on Monday. The stock has a market cap of $76.18 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 2.11 and a beta of 0.94. The business’s fifty day moving average is $87.04 and its 200 day moving average is $79.90. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

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

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a $0.141 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is 17.95%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently made changes to their positions in CP. U.S. Capital Wealth Advisors LLC increased its position in 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 buying an additional 2,000 shares in the last quarter. Valeo Financial Advisors LLC increased its position in 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 buying an additional 141 shares in the last quarter. PDS Planning Inc increased its position in 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 buying an additional 248 shares in the last quarter. Commonwealth Equity Services LLC increased its position in 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 buying an additional 148 shares in the last quarter. Finally, Moreno Evelyn V increased its position in 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 buying an additional 2,850 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

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.