Raymond James Issues Pessimistic Forecast for CP Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Raymond James lowered their FY2024 EPS estimates for Canadian Pacific Kansas City in a report released on Monday, January 27th. Raymond James analyst S. Hansen now expects that the transportation company will earn $2.90 per share for the year, down from their prior forecast of $3.06. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.00 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.86 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.96 EPS and FY2026 earnings at $3.90 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%.

CP has been the topic of a number of other research reports. Sanford C. Bernstein reduced their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Trading Down 0.7 %

CP opened at $78.66 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock’s 50 day moving average price is $75.15 and its 200-day moving average price is $79.05. Canadian Pacific Kansas City has a one year low of $70.89 and a one year high of $91.58. The stock has a market cap of $73.44 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 2.01 and a beta of 0.96.

Institutional Trading of Canadian Pacific Kansas City

Several large investors have recently bought and sold shares of CP. Phraction Management LLC lifted its stake in Canadian Pacific Kansas City by 53.6% during the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company’s stock valued at $963,000 after acquiring an additional 4,641 shares during the period. Ingalls & Snyder LLC lifted its position in Canadian Pacific Kansas City by 32.9% during the fourth quarter. Ingalls & Snyder LLC now owns 33,101 shares of the transportation company’s stock valued at $2,396,000 after purchasing an additional 8,203 shares during the period. Louisbourg Investments Inc. boosted its holdings in Canadian Pacific Kansas City by 65.7% in the fourth quarter. Louisbourg Investments Inc. now owns 47,041 shares of the transportation company’s stock valued at $3,404,000 after purchasing an additional 18,646 shares during the last quarter. Channing Global Advisors LLC grew its position in Canadian Pacific Kansas City by 7.1% during the 4th quarter. Channing Global Advisors LLC now owns 167,169 shares of the transportation company’s stock worth $12,098,000 after purchasing an additional 11,052 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Canadian Pacific Kansas City by 281.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after buying an additional 2,532,519 shares during the last quarter. Hedge funds and other institutional investors 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.