Q3 2024 EPS Estimates for Canadian Pacific Kansas City Limited Cut by National Bank Financial (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Stock analysts at National Bank Financial dropped their Q3 2024 earnings per share estimates for Canadian Pacific Kansas City in a research note issued on Wednesday, April 24th. National Bank Financial analyst C. Doerksen now expects that the transportation company will post earnings of $0.80 per share for the quarter, down from their prior estimate of $0.81. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.96 EPS and FY2025 earnings at $3.76 EPS.

Other equities analysts also recently issued reports about the company. TD Securities downgraded Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 target price for the company. Susquehanna decreased their target price on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday. Bank of America decreased their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $87.00 in a research note on Monday, January 8th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.42.

Canadian Pacific Kansas City Stock Up 0.2 %

Shares of Canadian Pacific Kansas City stock opened at $82.09 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The firm has a market cap of $76.56 billion, a P/E ratio of 26.31, a P/E/G ratio of 2.10 and a beta of 0.94. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The business has a 50-day moving average price of $87.11 and a 200 day moving average price of $79.74.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.57%.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently modified their holdings of the stock. Sands Capital Management LLC bought a new stake in Canadian Pacific Kansas City during the third quarter valued at about $31,000. Anchor Investment Management LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $40,000. Independence Bank of Kentucky bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $43,000. McGlone Suttner Wealth Management Inc. bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $45,000. Finally, Rational Advisors LLC bought a new stake in Canadian Pacific Kansas City during the first quarter valued at about $52,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.