Research Analysts Issue Forecasts for TSE:CP FY2024 Earnings

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at Desjardins decreased their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Wednesday, October 23rd. Desjardins analyst B. Poirier now anticipates that the company will earn $4.26 per share for the year, down from their previous forecast of $4.29. Desjardins has a “Buy” rating and a $131.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Desjardins also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.28 EPS, FY2025 earnings at $5.02 EPS, FY2026 earnings at $5.91 EPS, FY2027 earnings at $6.86 EPS and FY2028 earnings at $7.75 EPS.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. The firm had revenue of C$3.60 billion during the quarter, compared to analyst estimates of C$3.55 billion.

CP has been the subject of several other research reports. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. National Bankshares boosted their price objective on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a report on Thursday. ATB Capital upped their target price on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Sanford C. Bernstein lowered their price objective on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$120.93.

Canadian Pacific Kansas City Stock Down 0.3 %

Shares of TSE CP opened at C$108.76 on Friday. The company has a market capitalization of C$101.49 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42. The company has a 50 day simple moving average of C$112.34 and a 200-day simple moving average of C$111.60. Canadian Pacific Kansas City has a 1 year low of C$94.45 and a 1 year high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 annualized dividend and a yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.38%.

Insider Buying and Selling

In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. Also, Senior Officer John Kenneth Brooks sold 21,700 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. 0.03% of the stock is owned by insiders.

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.