Atb Cap Markets Brokers Decrease Earnings Estimates for CP

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Atb Cap Markets lowered their Q4 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Wednesday, October 23rd. Atb Cap Markets analyst C. Murray now anticipates that the transportation company will post earnings per share of $0.91 for the quarter, down from their previous estimate of $0.95. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q1 2025 earnings at $0.78 EPS, Q4 2025 earnings at $1.09 EPS, Q1 2026 earnings at $0.93 EPS, Q2 2026 earnings at $1.00 EPS, Q3 2026 earnings at $1.06 EPS and FY2026 earnings at $4.25 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the business posted $0.69 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year.

Several other brokerages have also recently commented on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday. Bank of America lowered their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and cut their target price for the company from $94.00 to $92.00 in a research report on Thursday. Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, Barclays boosted their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.95.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $77.11 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The firm has a market cap of $71.95 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City has a 52 week low of $69.07 and a 52 week high of $91.58. The firm’s 50-day simple moving average is $82.86 and its 200 day simple moving average is $81.40.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds have recently made changes to their positions in CP. Mirova US LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Canadian Pacific Kansas City by 398.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock valued at $165,419,000 after acquiring an additional 1,678,784 shares during the period. Cantillon Capital Management LLC raised its stake in shares of Canadian Pacific Kansas City by 49.1% during the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company’s stock valued at $314,563,000 after acquiring an additional 1,174,200 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in shares of Canadian Pacific Kansas City by 8,261.4% during the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after purchasing an additional 932,216 shares during the period. Finally, AGF Management Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 86.5% during the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after purchasing an additional 735,816 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

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.