Q1 2024 Earnings Estimate for Canadian Pacific Kansas City Limited (TSE:CP) Issued By Raymond James

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Raymond James reduced their Q1 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Monday, April 22nd. Raymond James analyst S. Hansen now anticipates that the company will earn $0.94 per share for the quarter, down from their prior estimate of $0.99. Raymond James has a “Outperform” rating and a $130.00 price target on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.33 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.35 EPS.

Other research analysts also recently issued reports about the company. Desjardins boosted their price target on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a “buy” rating in a report on Friday, April 12th. CIBC boosted their price target on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an “outperform” rating in a report on Wednesday, March 27th. Scotiabank downgraded Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$120.00 to C$126.00 in a report on Monday, March 25th. Stephens boosted their price target on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an “equal weight” rating in a report on Thursday, January 4th. Finally, BMO Capital Markets boosted their price target on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$120.88.

Canadian Pacific Kansas City Trading Up 1.7 %

Shares of CP opened at C$118.41 on Tuesday. The stock has a fifty day moving average of C$118.28 and a two-hundred day moving average of C$107.90. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53. The company has a market capitalization of C$110.42 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75. 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 (TSE:CP) (NYSE:CP) last posted its earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.12 by C$0.06. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The firm had revenue of C$3.78 billion for the quarter, compared to analyst estimates of C$3.66 billion.

Insider Activity at Canadian Pacific Kansas City

In related news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total value of C$2,374,638.67. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$118.91, for a total transaction of C$930,859.57. In the last three months, insiders sold 97,758 shares of company stock worth $10,774,715. Corporate insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.76 annualized dividend and a yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio is currently 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.