Desjardins Comments on Canadian Pacific Kansas City Limited’s Q3 2024 Earnings (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Stock analysts at Desjardins issued their Q3 2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a research report issued on Wednesday, July 31st. Desjardins analyst B. Poirier expects that the company will post earnings of $1.04 per share for the quarter. Desjardins currently has a “Buy” rating and a $132.00 target price on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.16 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.29 EPS.

A number of other research analysts have also recently commented on CP. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Raymond James lifted their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. National Bankshares set a C$119.00 price objective on shares of Canadian Pacific Kansas City and gave the company a “sector perform” rating in a research report on Thursday, June 27th. TD Securities boosted their target price on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Finally, ATB Capital boosted their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$123.87.

Canadian Pacific Kansas City Trading Down 2.1 %

Shares of Canadian Pacific Kansas City stock opened at C$106.94 on Monday. The company has a debt-to-equity ratio of 51.94, a current ratio of 0.49 and a quick ratio of 0.42. Canadian Pacific Kansas City has a 1 year low of C$94.45 and a 1 year high of C$123.37. The firm has a market cap of C$99.74 billion, a PE ratio of 26.60, a PEG ratio of 2.32 and a beta of 0.77. The company has a 50 day simple moving average of C$109.40 and a two-hundred day simple moving average of C$112.80.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 59,925 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$113.21, for a total value of C$6,783,869.55. In other news, Director Isabelle Courville sold 4,500 shares of Canadian Pacific Kansas City stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$110.80, for a total transaction of C$498,600.00. Also, Senior Officer Keith E. Creel sold 59,925 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$113.21, for a total transaction of C$6,783,869.55. Insiders have sold 187,475 shares of company stock valued at $20,412,855 over the last ninety days. Insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.76 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is 18.77%.

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.