Atb Cap Markets Has Bearish Estimate for CP FY2024 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Sunday, January 19th. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will earn $2.89 per share for the year, down from their prior forecast of $3.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.02 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.84 EPS, Q1 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.99 EPS, Q4 2026 earnings at $1.13 EPS and FY2026 earnings at $3.97 EPS.

Several other equities research analysts also recently issued reports on CP. Bank of America cut their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Wednesday, January 8th. Barclays lowered their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Finally, Wells Fargo & Company decreased their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $74.80 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average price is $74.69 and its two-hundred day moving average price is $79.16. The company has a market cap of $69.83 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the business posted $0.69 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% compared to the same quarter last year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is currently 19.29%.

Institutional Investors Weigh In On Canadian Pacific Kansas City

Large investors have recently modified their holdings of the company. Cardinal Capital Management Inc. increased its stake in Canadian Pacific Kansas City by 4.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,247,403 shares of the transportation company’s stock valued at $90,115,000 after purchasing an additional 56,012 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Canadian Pacific Kansas City by 12.1% during the fourth quarter. Inspire Investing LLC now owns 11,926 shares of the transportation company’s stock valued at $863,000 after acquiring an additional 1,286 shares in the last quarter. Whalen Wealth Management Inc. raised its position in shares of Canadian Pacific Kansas City by 41.6% during the fourth quarter. Whalen Wealth Management Inc. now owns 8,066 shares of the transportation company’s stock worth $584,000 after purchasing an additional 2,368 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its holdings in shares of Canadian Pacific Kansas City by 1.7% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company’s stock worth $368,661,000 after purchasing an additional 85,542 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Canadian Pacific Kansas City by 44.4% in the 4th quarter. SG Americas Securities LLC now owns 13,774 shares of the transportation company’s stock valued at $997,000 after purchasing an additional 4,235 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.