Raymond James Analysts Lower Earnings Estimates for TSE:CP

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities research analysts at Raymond James cut their Q4 2024 EPS estimates for Canadian Pacific Kansas City in a report released on Monday, January 27th. Raymond James analyst S. Hansen now anticipates that the company will earn $1.24 per share for the quarter, down from their prior estimate of $1.29. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.34 per share.

Other research analysts have also issued reports about the stock. ATB Capital increased their target price on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group increased their target price on Canadian Pacific Kansas City from C$127.00 to C$129.00 in a report on Thursday. Stephens upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of 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. Finally, Citigroup set a C$97.00 target price on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$124.07.

Canadian Pacific Kansas City Stock Up 1.7 %

Shares of TSE:CP opened at C$115.62 on Thursday. The company has a market capitalization of C$107.89 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City has a 1 year low of C$101.76 and a 1 year high of C$123.37. The business’s 50-day moving average is C$107.39 and its 200-day moving average is C$109.87. The company has a debt-to-equity ratio of 50.47, a current ratio of 0.51 and a quick ratio of 0.42.

Insider Buying and Selling

In related news, Senior Officer Maeghan Dawn Albiston sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of C$106.10, for a total value of C$307,694.64. Also, Senior Officer Keith E. Creel sold 51,727 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. In the last quarter, insiders have sold 70,284 shares of company stock valued at $7,398,669. 0.03% of the stock is owned by company insiders.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.66%. Canadian Pacific Kansas City’s 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.