National Bank Financial Brokers Raise Earnings Estimates for Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) – Equities researchers at National Bank Financial upped their FY2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a note issued to investors on Wednesday , September 11 . National Bank Financial analyst C. Doerksen now expects that the transportation company will post earnings of $3.17 per share for the year, up from their prior forecast of $3.13. The consensus estimate for Canadian Pacific Kansas City’s current year earnings is $3.10 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s FY2025 earnings at $3.77 EPS.

Canadian Pacific Kansas City (NYSE:CP – Get Your Free Report ) (TSE:CP) last announced its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the business earned $0.62 EPS. The company’s revenue for the quarter was up 13.5% year over year.

Several other research firms have also recently weighed in on CP. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research note on Monday, July 8th. Barclays decreased their price target on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Wells Fargo & Company assumed coverage on Canadian Pacific Kansas City in a research note on Friday, June 7th. They set an “overweight” rating and a $90.00 price target on the stock. Susquehanna reiterated a “neutral” rating and set a $80.00 target price on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus upped their target price on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th . Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.36, based on data from MarketBeat.

Check out our latest review of Canadian Pacific Kansas City

Canadian Pacific Kansas City inventories rose 1.1%

Shares of Canadian Pacific Kansas City stock opened at $87.28 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44, and a current ratio of 0.51. The company’s 50-day SMA is $81.78, and its 200-day SMA is $82.50. The company has a market cap of $81.44 billion, a PE ratio of 27.97, a PEG ratio of 2.45 and a beta of 0.96. Canadian Pacific Kansas City has a fifty-two week low of $68.92 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City cuts dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27. This represents a dividend of $0.55 on an annualized basis and a yield of 0.63%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Hedge Funds Influence Canadian Pacific Kansas City

A number of large investors have recently bought and sold shares of the company. LRI Investments LLC purchased a new position in shares of Canadian Pacific Kansas City in the first quarter valued at about $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at about $35,000. ORG Partners LLC purchased a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $39,000. Tobam ​​acquired a new position in shares of Canadian Pacific Kansas City in the first quarter valued at about $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at about $61,000. Institutional investors and hedge funds own 72.20% of the company’s shares.

About Canadian Pacific Kansas City

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Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railroad in Canada, the United States and Mexico. The company carries bulk cargoes including grain, coal, potash, fertilizers and sulphur; transportation of goods such as forest products, energy, chemicals and plastics, metals, minerals, consumer goods and automobiles; and intermodal traffic comprising overseas containerized retail goods.

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