Raymond James Research Analysts Lower Earnings Estimates for Canadian Pacific Kansas City Limited (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities research analysts at Raymond James reduced their Q2 2024 EPS estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Thursday, April 25th. Raymond James analyst S. Hansen now expects that the company will post earnings of $1.01 per share for the quarter, down from their previous estimate of $1.03. Raymond James currently has a “Outperform” rating and a $130.00 target price on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its earnings results on Wednesday, April 24th. The company reported C$0.93 earnings per share for the quarter, missing the consensus estimate of C$0.95 by C($0.02). Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%. The business had revenue of C$3.52 billion for the quarter, compared to analyst estimates of C$3.52 billion.

CP has been the topic of a number of other reports. Desjardins boosted their price target on shares of Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a “buy” rating in a research report on Friday, April 12th. BMO Capital Markets upped their target price on shares of Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research report on Monday, April 8th. Stephens upped their target price on shares of Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Royal Bank of Canada upped their target price on shares of Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research report on Monday, April 1st. Finally, Scotiabank reduced their target price on shares of Canadian Pacific Kansas City from C$126.00 to C$124.00 and set a “sector perform” rating on the stock in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of C$120.63.

Canadian Pacific Kansas City Price Performance

TSE:CP opened at C$112.14 on Friday. The firm has a market cap of C$104.58 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. Canadian Pacific Kansas City has a 12 month low of C$94.45 and a 12 month high of C$123.37. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. The company’s 50-day moving average price is C$118.31 and its two-hundred day moving average price is C$108.10.

Insiders Place Their Bets

In other news, Senior Officer Nadeem Velani sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total value of C$123,300.00. In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. Also, Senior Officer Nadeem Velani sold 1,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$123.30, for a total transaction of C$123,300.00. Insiders sold 97,758 shares of company stock worth $10,774,715 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Canadian Pacific Kansas City Dividend Announcement

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 issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 18.05%.

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.