Desjardins Has Pessimistic View of CP Q4 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Desjardins lowered their Q4 2024 EPS estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Wednesday, October 23rd. Desjardins analyst B. Poirier now expects that the transportation company will earn $0.92 per share for the quarter, down from their previous estimate of $0.93. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share.

A number of other analysts have also issued reports on CP. Evercore ISI boosted their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Barclays increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Bank of America reduced their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Sanford C. Bernstein dropped their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.78.

Canadian Pacific Kansas City Stock Down 0.4 %

NYSE:CP opened at $78.50 on Friday. The company has a market cap of $73.24 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a twelve month low of $68.92 and a twelve month high of $91.58. The stock has a fifty day simple moving average of $82.92 and a 200-day simple moving average of $81.50. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly 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 return on equity of 8.77% and a net margin of 24.45%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year.

Institutional Investors Weigh In On Canadian Pacific Kansas City

A number of large investors have recently made changes to their positions in the stock. Choate Investment Advisors lifted its position in Canadian Pacific Kansas City by 24.2% during the 1st quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock worth $6,349,000 after acquiring an additional 14,037 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth about $11,810,000. Blue Zone Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $4,160,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Canadian Pacific Kansas City by 0.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,229,212 shares of the transportation company’s stock worth $196,672,000 after buying an additional 13,727 shares during the period. Finally, Maryland State Retirement & Pension System raised its position in Canadian Pacific Kansas City by 53.0% during the 1st quarter. Maryland State Retirement & Pension System now owns 49,072 shares of the transportation company’s stock worth $4,100,000 after buying an additional 16,995 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.31%.

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.