Canadian Pacific Kansas City Limited (TSE:CP) to Post FY2024 Earnings of $4.31 Per Share, Desjardins Forecasts

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Desjardins increased their FY2024 EPS estimates for shares of Canadian Pacific Kansas City in a report issued on Wednesday, July 31st. Desjardins analyst B. Poirier now anticipates that the company will earn $4.31 per share for the year, up from their previous forecast of $4.25. 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 FY2025 earnings at $5.15 EPS, FY2026 earnings at $6.05 EPS, FY2027 earnings at $6.95 EPS and FY2028 earnings at $7.85 EPS.

Several other analysts have also commented on the company. Barclays raised their target price on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$124.00 to C$130.00 in a report on Wednesday, July 10th. Sanford C. Bernstein increased their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$126.00 and gave the stock a “market perform” rating in a report on Wednesday. ATB Capital raised 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. Finally, TD Securities upped their price objective on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$123.87.

Canadian Pacific Kansas City Stock Performance

TSE CP opened at C$111.51 on Friday. The firm has a market capitalization of C$104.01 billion, a P/E ratio of 27.53, a PEG ratio of 2.32 and a beta of 0.77. The stock has a 50-day simple moving average of C$109.39 and a two-hundred day simple moving average of C$112.66. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is presently 18.77%.

Insider Activity at Canadian Pacific Kansas City

In other news, Senior Officer Nadeem Velani sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$109.11, for a total value of C$349,155.84. In other Canadian Pacific Kansas City news, Senior Officer Nadeem Velani sold 3,200 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of C$109.11, for a total transaction of C$349,155.84. Also, Senior Officer Jeffrey Ellis sold 21,255 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of C$111.35, for a total value of C$2,366,646.48. In the last quarter, insiders sold 208,730 shares of company stock valued at $22,779,501. Corporate insiders own 0.03% of the company’s stock.

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.