FY2024 EPS Estimates for TSE:CP Decreased by Atb Cap Markets

Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Investment analysts at Atb Cap Markets reduced their FY2024 EPS 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 forecasts that the company will earn $4.23 per share for the year, down from their previous forecast of $4.29. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.34 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City's Q4 2024 earnings at $1.27 EPS, Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.51 EPS, FY2025 earnings at $5.03 EPS, Q1 2026 earnings at $1.29 EPS, Q2 2026 earnings at $1.39 EPS, Q3 2026 earnings at $1.47 EPS and FY2026 earnings at $5.90 EPS.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. raised their price target 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 research report on Thursday. Citigroup set a C$97.00 price target on shares of Canadian Pacific Kansas City and gave the company a "buy" rating in a report on Wednesday, October 9th. Royal Bank of Canada dropped their price objective on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Desjardins reduced their target price on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a "buy" rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus price target of C$120.93.

Canadian Pacific Kansas City Trading Down 1.5 %

Shares of CP stock traded down C$1.58 during mid-day trading on Friday, hitting C$107.18. 923,515 shares of the company's stock were exchanged, compared to its average volume of 1,302,794. The stock has a market cap of C$100.01 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. 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 50-day simple moving average of C$112.38 and a two-hundred day simple moving average of C$111.53.

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

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, December 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.71%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.38%.

Insiders Place Their Bets

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

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.