Atb Cap Markets Has Bearish Outlook for CP FY2024 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Atb Cap Markets cut their FY2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Sunday, January 19th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will post earnings per share of $2.89 for the year, down from their previous estimate of $3.05. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.02 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.84 EPS, Q1 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.87 EPS, Q4 2025 earnings at $1.01 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.99 EPS, Q4 2026 earnings at $1.13 EPS and FY2026 earnings at $3.97 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year.

Other research analysts also recently issued research reports about the stock. Barclays reduced their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Sanford C. Bernstein dropped their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. StockNews.com downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Finally, Stephens upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $81.00 to $88.00 in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.63.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $77.76 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market cap of $72.59 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. Canadian Pacific Kansas City has a 12 month low of $70.89 and a 12 month high of $91.58. The company’s 50-day moving average price is $74.64 and its two-hundred day moving average price is $79.12.

Hedge Funds Weigh In On Canadian Pacific Kansas City

A number of large investors have recently added to or reduced their stakes in CP. Grove Bank & Trust raised its holdings in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares in the last quarter. Addison Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the last quarter. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $34,000. Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $38,000. Finally, Kennebec Savings Bank bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $42,000. Institutional investors own 72.20% of the company’s stock.

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.