Research Analysts Offer Predictions for Canadian Pacific Kansas City Limited’s FY2024 Earnings (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Stock analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Wednesday, September 11th. National Bank Financial analyst C. Doerksen now expects that the transportation company will post earnings per share of $3.17 for the year, up from their prior estimate of $3.13. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.10 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $3.77 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year.

A number of other research analysts also recently issued reports on CP. Susquehanna reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 31st. Barclays dropped their target price on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Stifel Nicolaus boosted their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Finally, Sanford C. Bernstein boosted their target price on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.36.

Canadian Pacific Kansas City Stock Down 0.7 %

Shares of Canadian Pacific Kansas City stock opened at $86.64 on Monday. The firm’s 50 day moving average price is $81.94 and its 200-day moving average price is $82.50. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a market cap of $80.84 billion, a P/E ratio of 27.77, a PEG ratio of 2.45 and a beta of 0.96.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several large investors have recently made changes to their positions in CP. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $979,890,000. TD Asset Management Inc lifted its stake in shares of Canadian Pacific Kansas City by 47.7% in the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Canadian Pacific Kansas City by 757.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock valued at $342,191,000 after purchasing an additional 3,801,910 shares during the period. Meritage Group LP acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $207,850,000. Finally, Mirova US LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $168,063,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a yield of 0.63%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is 17.31%.

About Canadian Pacific Kansas City

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.