Atb Cap Markets Issues Pessimistic Forecast for CP Earnings

Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP - Stock analysts at Atb Cap Markets cut their Q4 2024 earnings per share estimates for Canadian Pacific Kansas City in a research report issued to clients and investors on Wednesday, October 23rd. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will post earnings per share of $0.91 for the quarter, down from their previous estimate of $0.95. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $3.20 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City's Q1 2025 earnings at $0.78 EPS, Q4 2025 earnings at $1.09 EPS, Q1 2026 earnings at $0.93 EPS, Q2 2026 earnings at $1.00 EPS, Q3 2026 earnings at $1.06 EPS and FY2026 earnings at $4.25 EPS.

Other research analysts have also issued reports about the stock. Susquehanna raised shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and cut their target price for the company from $94.00 to $92.00 in a report on Thursday. Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Friday, October 11th. Barclays boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Bank of America lowered their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.78.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $1.41 during midday trading on Friday, reaching $77.10. 1,775,217 shares of the stock traded hands, compared to its average volume of 2,108,632. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 12 month low of $69.07 and a 12 month high of $91.58. The stock's fifty day moving average is $82.90 and its 200-day moving average is $81.48. The stock has a market cap of $71.94 billion, a P/E ratio of 24.79, a PEG ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company posted $0.69 EPS. Canadian Pacific Kansas City's revenue was up 6.3% compared to the same quarter last year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the business. Grove Bank & Trust raised its stake in shares of Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after purchasing an additional 130 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth about $32,000. Chris Bulman Inc acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at about $35,000. Asset Dedication LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Finally, ORG Partners LLC acquired a new position in Canadian Pacific Kansas City in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's payout ratio is currently 17.31%.

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.