Raymond James Has Negative Estimate for TSE:CP Q3 Earnings

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities researchers at Raymond James lowered their Q3 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a research report issued on Wednesday, October 16th. Raymond James analyst S. Hansen now expects that the company will post earnings per share of $1.01 for the quarter, down from their previous estimate of $1.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s FY2024 earnings at $4.25 EPS and FY2025 earnings at $5.10 EPS.

Several other equities analysts have also commented on CP. ATB Capital upped their target price on Canadian Pacific Kansas City from C$130.00 to C$133.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Citigroup set a C$97.00 target price on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Wednesday, October 9th. TD Securities boosted their price target on shares of Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$121.13.

Canadian Pacific Kansas City Trading Down 1.3 %

TSE CP opened at C$110.57 on Friday. The firm has a market capitalization of C$103.18 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The company has a 50-day simple moving average of C$112.26 and a 200-day simple moving average of C$111.75. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, topping analysts’ consensus estimates of C$1.01 by C$0.04. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. The firm had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.55 billion.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, October 28th were given a $0.19 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.38%.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total value of C$436,796.55. In other news, Senior Officer John Kenneth Brooks sold 21,700 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$79.71, for a total transaction of C$436,796.55. 0.03% of the stock is currently owned by corporate insiders.

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.