Desjardins Analysts Lower Earnings Estimates for CP

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Investment analysts at Desjardins lowered their Q4 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Wednesday, October 23rd. Desjardins analyst B. Poirier now expects that the transportation company will post earnings of $0.92 per share for the quarter, down from their prior forecast of $0.93. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.20 per share.

Other equities analysts have also recently issued reports about the stock. Sanford C. Bernstein lowered their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI upped their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their target price for the company from $94.00 to $92.00 in a research note on Thursday. Finally, Citigroup increased their price target on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. Eight equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of $93.95.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $77.11 on Friday. Canadian Pacific Kansas City has a fifty-two week low of $69.07 and a fifty-two 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. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The company has a market cap of $71.95 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly 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 company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period in the prior year, the business posted $0.69 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.73%. This is an increase 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CP. Grove Bank & Trust lifted its holdings in Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth $32,000. Chris Bulman Inc acquired a new position in Canadian Pacific Kansas City in the 2nd quarter valued at $35,000. Asset Dedication LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter worth $38,000. Finally, ORG Partners LLC acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.