Q2 2024 EPS Estimates for Canadian Pacific Kansas City Limited (NYSE:CP) Reduced by Raymond James

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Stock analysts at Raymond James cut their Q2 2024 EPS estimates for Canadian Pacific Kansas City in a research note issued to investors on Thursday, April 25th. Raymond James analyst S. Hansen now forecasts that the transportation company will post earnings of $0.74 per share for the quarter, down from their prior forecast of $0.75. Raymond James has a “Outperform” rating and a $130.00 price objective on the stock. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion.

Several other research analysts have also recently commented on CP. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Barclays boosted their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $87.00 in a report on Monday, January 8th. Finally, Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Trading Up 0.2 %

NYSE CP opened at $82.09 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 52 week low of $68.92 and a 52 week high of $91.58. The stock has a market capitalization of $76.56 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94. The firm has a 50 day moving average of $87.11 and a two-hundred day moving average of $79.74.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Investment Advisors LLC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $259,000. Ballast Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Ballast Advisors LLC now owns 9,341 shares of the transportation company’s stock valued at $695,000 after buying an additional 254 shares in the last quarter. Quaker Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $223,000. U.S. Capital Wealth Advisors LLC boosted its position in Canadian Pacific Kansas City by 15.6% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 14,803 shares of the transportation company’s stock worth $1,102,000 after purchasing an additional 2,000 shares during the period. Finally, Valeo Financial Advisors LLC boosted its position in Canadian Pacific Kansas City by 4.1% during the third quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.