Q1 2024 EPS Estimates for Canadian Pacific Kansas City Limited (NYSE:CP) Cut by Analyst

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Raymond James lowered their Q1 2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a research note issued on Monday, April 22nd. Raymond James analyst S. Hansen now anticipates that the transportation company will earn $0.69 per share for the quarter, down from their prior forecast of $0.73. Raymond James has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $3.17 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%.

Other equities research analysts have also recently issued research reports about the stock. Barclays lifted their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Bank of America upped their price target on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Susquehanna lowered their price objective on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $97.22.

Canadian Pacific Kansas City Stock Down 6.6 %

Canadian Pacific Kansas City stock opened at $81.93 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $76.41 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The business has a 50 day simple moving average of $87.18 and a 200-day simple moving average of $79.73. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently modified their holdings of the business. YCG LLC boosted its stake in Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after buying an additional 91,276 shares during the period. SG Americas Securities LLC lifted its stake in Canadian Pacific Kansas City by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after acquiring an additional 12,748 shares in the last quarter. Element Capital Management LLC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Canadian Pacific Kansas City by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after acquiring an additional 14,557 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $5,392,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.1415 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.57 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.83%.

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.