TSE:CP FY2024 EPS Estimate Cut by Atb Cap Markets

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Analysts at Atb Cap Markets cut their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Sunday, January 19th. Atb Cap Markets analyst C. Murray now forecasts that the company will post earnings of $4.19 per share for the year, down from their previous forecast of $4.23. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.22 EPS, Q4 2025 earnings at $1.47 EPS, Q2 2026 earnings at $1.40 EPS, Q3 2026 earnings at $1.44 EPS, Q4 2026 earnings at $1.64 EPS and FY2026 earnings at $5.76 EPS.

Several other brokerages have also issued reports on CP. Citigroup set a C$97.00 price objective on Canadian Pacific Kansas City and gave the company a “buy” rating in a research report on Wednesday, October 9th. Desjardins reduced their price target on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Royal Bank of Canada cut their price objective on shares of Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Barclays increased their target price on Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Buy” and a consensus target price of C$124.23.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at C$109.98 on Tuesday. The company has a market cap of C$102.62 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The business’s 50 day moving average price is C$106.19. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a fifty-two week low of C$101.76 and a fifty-two week high of C$123.37.

Insider Buying and Selling

In related news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total value of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Over the last three months, insiders have sold 70,284 shares of company stock valued at $7,398,669. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Monday, January 27th will be paid a $0.19 dividend. The ex-dividend date is Friday, December 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

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.