FY2024 Earnings Forecast for TSE:CP Issued By Raymond James

Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Equities researchers at Raymond James cut their FY2024 EPS estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Monday, January 27th. Raymond James analyst S. Hansen now forecasts that the company will earn $4.21 per share for the year, down from their prior forecast of $4.25. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.34 per share. Raymond James also issued estimates for Canadian Pacific Kansas City's Q1 2025 earnings at $1.19 EPS, Q2 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.22 EPS, Q4 2025 earnings at $1.39 EPS, FY2025 earnings at $4.95 EPS and FY2026 earnings at $5.65 EPS.

Several other research firms have also recently issued reports on CP. Desjardins increased their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company a "buy" rating in a report on Thursday. Wolfe Research raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 8th. Susquehanna raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. Scotiabank decreased their target price on Canadian Pacific Kansas City from C$130.00 to C$128.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$124.07.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP traded down C$0.12 during trading hours on Wednesday, hitting C$115.50. The stock had a trading volume of 2,473,292 shares, compared to its average volume of 1,421,571. The stock's fifty day simple moving average is C$107.86 and its 200 day simple moving average is C$109.98. The firm has a market capitalization of C$107.78 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. Canadian Pacific Kansas City has a 1-year low of C$101.76 and a 1-year high of C$123.37.

Insider Buying and Selling at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$106.10, for a total transaction of C$307,694.64. Insiders have sold 70,284 shares of company stock valued at $7,398,669 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.66%. Canadian Pacific Kansas City's dividend payout ratio (DPR) 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.