Research Analysts Issue Forecasts for TSE:CP Q4 Earnings

Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Research analysts at National Bank Financial cut their Q4 2024 earnings estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Tuesday, December 3rd. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $1.27 for the quarter, down from their prior estimate of $1.30. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.34 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City's FY2025 earnings at $4.97 EPS.

CP has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. National Bankshares upped their price target on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the company a "buy" rating in a research report on Wednesday, October 9th. Finally, ATB Capital raised 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, October 24th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus price target of C$121.43.

Canadian Pacific Kansas City Trading Down 0.5 %

Shares of CP stock traded down C$0.52 during trading hours on Friday, reaching C$106.61. 926,796 shares of the stock were exchanged, compared to its average volume of 1,326,516. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a 12-month low of C$97.93 and a 12-month high of C$123.37. The firm has a market capitalization of C$99.48 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company's 50-day moving average price is C$109.14 and its 200-day moving average price is C$109.93.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.71%. Canadian Pacific Kansas City's dividend payout ratio is currently 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.