Raymond James Has Pessimistic Outlook of TSE:CP Q4 Earnings

Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Equities research analysts at Raymond James decreased their Q4 2024 earnings per share estimates for Canadian Pacific Kansas City in a note issued to investors on Wednesday, October 16th. Raymond James analyst S. Hansen now forecasts that the company will earn $1.27 per share for the quarter, down from their previous estimate of $1.28. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.34 per share.

CP has been the topic of a number of other reports. Desjardins upped their target price on shares of Canadian Pacific Kansas City from C$131.00 to C$132.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Barclays upped their price objective on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Citigroup set a C$97.00 target price on Canadian Pacific Kansas City and gave the stock a "buy" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Finally, Scotiabank raised Canadian Pacific Kansas City from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$124.00 to C$130.00 in a report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$121.13.

Canadian Pacific Kansas City Stock Performance

CP stock traded down C$1.59 during trading hours on Monday, reaching C$108.98. The stock had a trading volume of 820,643 shares, compared to its average volume of 1,304,969. The stock has a 50-day simple moving average of C$112.31 and a 200 day simple moving average of C$111.67. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The stock has a market capitalization of C$101.69 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last released its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, beating the consensus estimate of C$1.01 by C$0.04. The company had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.55 billion. Canadian Pacific Kansas City had a return on equity of 8.10% and a net margin of 24.46%.

Insider Buying and Selling at Canadian Pacific Kansas City

In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the company's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. In other news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. Insiders own 0.03% of the company's stock.

Canadian Pacific Kansas City Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, October 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, September 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 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.