National Bank Financial Predicts TSE:CP FY2024 Earnings

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a research note issued to investors on Tuesday, December 3rd. National Bank Financial analyst C. Doerksen now expects that the company will earn $4.24 per share for the year, down from their prior estimate of $4.27. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q1 2025 earnings at $1.07 EPS, Q2 2025 earnings at $1.20 EPS, Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.47 EPS and FY2026 earnings at $5.61 EPS.

Several other research analysts also recently commented on the company. Citigroup set a C$97.00 price objective on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada decreased their target price on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from C$126.00 to C$125.00 in a research note on Wednesday, October 9th. Finally, Susquehanna raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$121.43.

Canadian Pacific Kansas City Stock Down 0.2 %

CP stock opened at C$107.13 on Thursday. The business’s 50-day moving average is C$109.14 and its two-hundred day moving average is C$109.93. 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 has a fifty-two week low of C$97.93 and a fifty-two week high of C$123.37. The company has a market cap of C$99.97 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 2.32 and a beta of 0.79.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.38%.

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.