Atb Cap Markets Analysts Reduce Earnings Estimates for Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Atb Cap Markets cut their Q3 2024 earnings estimates for shares of Canadian Pacific Kansas City in a research report issued on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now expects that the transportation company will post earnings per share of $0.81 for the quarter, down from their previous forecast of $0.82. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.22 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q2 2025 earnings at $0.92 EPS.

Other analysts have also issued reports about the stock. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday, December 21st. Susquehanna dropped their price objective on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Finally, Barclays raised their price objective 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. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Hold” and a consensus target price of $95.29.

Canadian Pacific Kansas City Stock Down 0.7 %

NYSE:CP opened at $86.05 on Friday. The firm has a market cap of $80.25 billion, a P/E ratio of 27.40, a P/E/G ratio of 2.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The firm has a 50-day simple moving average of $87.12 and a two-hundred day simple moving average of $79.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%.

Institutional Trading of Canadian Pacific Kansas City

Hedge funds have recently added to or reduced their stakes in the business. Stonebridge Capital Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 750.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. Sands Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $31,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $29,000. Anchor Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $40,000. Finally, Fortis Capital Advisors LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth approximately $39,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a $0.1415 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.66%. Canadian Pacific Kansas City’s dividend payout ratio is 17.83%.

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.