FY2024 Earnings Estimate for TSE:CP Issued By Zacks Research

Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a research report issued on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the company will earn $4.24 per share for the year, up from their previous estimate of $4.22. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.34 per share. Zacks Research also issued estimates for Canadian Pacific Kansas City's Q4 2024 earnings at $1.27 EPS, Q1 2025 earnings at $1.07 EPS and Q4 2025 earnings at $1.37 EPS.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their target price 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. Citigroup set a C$97.00 target price on shares of Canadian Pacific Kansas City and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Royal Bank of Canada decreased their target price on shares of Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Barclays raised their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Finally, Desjardins decreased their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus price target of C$121.43.

Canadian Pacific Kansas City Stock Performance

TSE CP traded down C$0.56 during trading hours on Monday, hitting C$103.73. 1,261,227 shares of the company's stock were exchanged, compared to its average volume of 1,307,594. The stock has a 50 day simple moving average of C$111.82. Canadian Pacific Kansas City has a 12-month low of C$94.45 and a 12-month high of C$123.37. The firm has a market capitalization of C$96.79 billion, a price-to-earnings ratio of 27.96, a P/E/G 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 20.38%.

Insider Activity

In other news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was 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 business's stock in a transaction dated 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. Insiders own 0.03% of the company's stock.

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.