Zacks Research Has Positive View of TSE:CP FY2024 Earnings

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at Zacks Research lifted their FY2024 earnings estimates for Canadian Pacific Kansas City in a note issued to investors on Thursday, November 14th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $4.24 for the year, up from their previous estimate of $4.22. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Zacks Research also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.27 EPS, Q1 2025 earnings at $1.07 EPS and Q4 2025 earnings at $1.37 EPS.

A number of other analysts also recently weighed in on the stock. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. National Bankshares boosted their target price on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. TD Securities boosted their target price on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Barclays boosted their target price on shares of 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. Finally, Desjardins reduced their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$121.43.

Canadian Pacific Kansas City Stock Performance

CP opened at C$103.73 on Monday. The stock has a market capitalization of C$96.79 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.32 and a beta of 0.79. The company has a fifty day moving average of C$111.62 and a 200 day moving average of C$110.33. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total value of C$2,430,629.59. 0.03% of the stock is currently owned by insiders.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.76 annualized dividend and a yield of 0.73%. Canadian Pacific Kansas City’s payout ratio is 20.38%.

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.