What is Raymond James’ Forecast for TSE:CP FY2024 Earnings?

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Raymond James decreased their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Monday, January 27th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of $4.21 per share for the year, down from their prior forecast of $4.25. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q1 2025 earnings at $1.19 EPS, Q2 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.22 EPS, Q4 2025 earnings at $1.39 EPS, FY2025 earnings at $4.95 EPS and FY2026 earnings at $5.65 EPS.

CP has been the topic of a number of other reports. Scotiabank cut their price target on shares of Canadian Pacific Kansas City from C$130.00 to C$128.00 in a report on Monday, January 20th. Desjardins lowered their price target on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Finally, Citigroup set a C$97.00 price target on shares of Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$124.23.

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP opened at C$113.64 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. The company has a market capitalization of C$106.04 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 12 month low of C$101.76 and a 12 month high of C$123.37. The firm’s 50-day moving average is C$107.18 and its 200 day moving average is C$109.85.

Canadian Pacific Kansas City Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total value of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of Canadian Pacific Kansas City stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total value of C$5,426,615.01. Insiders have sold a total of 70,284 shares of company stock valued at $7,398,669 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.