Raymond James Has Bearish Outlook for CP FY2024 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP - Stock analysts at Raymond James decreased their FY2024 EPS estimates for Canadian Pacific Kansas City in a report released on Monday, January 27th. Raymond James analyst S. Hansen now expects that the transportation company will post earnings per share of $2.90 for the year, down from their previous forecast of $3.06. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $3.00 per share. Raymond James also issued estimates for Canadian Pacific Kansas City's Q4 2024 earnings at $0.86 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.96 EPS and FY2026 earnings at $3.90 EPS.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%.

Other analysts also recently issued reports about the company. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Stephens upgraded Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $81.00 to $88.00 in a research note on Monday, January 6th. Barclays lowered their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Wells Fargo & Company reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research note on Tuesday, January 7th. Finally, Wolfe Research raised Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $92.63.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $0.54 during mid-day trading on Wednesday, hitting $78.66. The stock had a trading volume of 6,056,136 shares, compared to its average volume of 2,944,485. The firm's 50 day moving average is $75.15 and its 200 day moving average is $79.05. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a one year low of $70.89 and a one year high of $91.58. The firm has a market capitalization of $73.44 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.01 and a beta of 0.96.

Institutional Trading of Canadian Pacific Kansas City

A number of institutional investors and hedge funds have recently made changes to their positions in CP. Phraction Management LLC increased its stake in Canadian Pacific Kansas City by 53.6% in the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock worth $963,000 after purchasing an additional 4,641 shares in the last quarter. Ingalls & Snyder LLC grew its holdings in shares of Canadian Pacific Kansas City by 32.9% during the 4th quarter. Ingalls & Snyder LLC now owns 33,101 shares of the transportation company's stock valued at $2,396,000 after acquiring an additional 8,203 shares in the last quarter. Louisbourg Investments Inc. grew its stake in shares of Canadian Pacific Kansas City by 65.7% in the 4th quarter. Louisbourg Investments Inc. now owns 47,041 shares of the transportation company's stock valued at $3,404,000 after buying an additional 18,646 shares in the last quarter. Channing Global Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 7.1% during the 4th quarter. Channing Global Advisors LLC now owns 167,169 shares of the transportation company's stock worth $12,098,000 after purchasing an additional 11,052 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock valued at $252,912,000 after buying an additional 2,532,519 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.