FY2024 Earnings Forecast for Canadian Pacific Kansas City Limited Issued By Desjardins (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Equities research analysts at Desjardins increased their FY2024 EPS estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Monday, July 8th. Desjardins analyst B. Poirier now expects that the transportation company will post earnings of $3.12 per share for the year, up from their previous estimate of $3.09. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.15 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $3.75 EPS, FY2026 earnings at $4.39 EPS and FY2027 earnings at $5.04 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results 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 analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%.

A number of other equities analysts have also issued reports on CP. Barclays upped their target price on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 target price on the stock. Finally, Raymond James lifted their price target on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.95.

Canadian Pacific Kansas City Stock Up 2.5 %

Shares of NYSE CP opened at $83.27 on Wednesday. The stock has a fifty day moving average price of $79.43 and a 200 day moving average price of $82.31. The company has a market cap of $77.68 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning increased its position in shares of Canadian Pacific Kansas City by 4.1% during the 3rd quarter. Creative Planning now owns 208,419 shares of the transportation company’s stock worth $15,508,000 after purchasing an additional 8,144 shares in the last quarter. OLD National Bancorp IN increased its holdings in Canadian Pacific Kansas City by 14.1% during the 3rd quarter. OLD National Bancorp IN now owns 7,070 shares of the transportation company’s stock worth $526,000 after purchasing an additional 872 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $220,000. Carmignac Gestion bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $9,469,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Canadian Pacific Kansas City by 20.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 18,076 shares of the transportation company’s stock worth $1,348,000 after buying an additional 3,115 shares during the last quarter. 72.20% of the stock is currently owned by 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.