National Bank Financial Analysts Raise Earnings Estimates for Canadian Pacific Kansas City Limited (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities research analysts at National Bank Financial lifted their Q2 2024 EPS estimates for shares of Canadian Pacific Kansas City in a research note issued on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now expects that the company will earn $1.01 per share for the quarter, up from their previous estimate of $1.00. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.39 per share.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.12 by C$0.06. The business had revenue of C$3.78 billion for the quarter, compared to the consensus estimate of C$3.66 billion. Canadian Pacific Kansas City had a net margin of 31.28% and a return on equity of 9.65%.

CP has been the subject of a number of other research reports. Barclays boosted their price objective on shares of Canadian Pacific Kansas City from C$120.00 to C$130.00 in a report on Thursday, April 4th. Stephens boosted their price target on shares of 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. Royal Bank of Canada raised their price objective on Canadian Pacific Kansas City from C$127.00 to C$133.00 in a research note on Monday, April 1st. Scotiabank lowered Canadian Pacific Kansas City from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$120.00 to C$126.00 in a report on Monday, March 25th. Finally, BMO Capital Markets increased their price target on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a report on Monday. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$118.81.

Canadian Pacific Kansas City Trading Up 0.9 %

CP stock opened at C$121.09 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 53.85. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37. The company has a market cap of C$112.92 billion, a P/E ratio of 28.76, a PEG ratio of 2.32 and a beta of 0.75. The business has a fifty day moving average of C$117.44 and a 200-day moving average of C$106.83.

Canadian Pacific Kansas City Announces Dividend

The firm 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 dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is currently 18.05%.

Insiders Place Their Bets

In related news, Senior Officer John Kenneth Brooks sold 27,505 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. In related news, Senior Officer John Kenneth Brooks sold 27,505 shares of Canadian Pacific Kansas City stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. Also, Senior Officer Nadeem Velani sold 1,500 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$122.15, for a total transaction of C$183,225.00. Insiders have sold a total of 37,833 shares of company stock valued at $3,612,023 over the last 90 days. 0.03% of the stock is currently owned by insiders.

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.