Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) – Atb Cap Markets dropped their FY2024 earnings estimates for shares of Canadian Pacific Kansas City in a report released on Sunday, January 19th. Atb Cap Markets analyst C. Murray now expects that the transportation company will post earnings of $2.89 per share 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.
CP has been the topic of several other reports. Stephens raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $81.00 to $88.00 in a report on Monday, January 6th. Barclays dropped their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Citigroup reduced their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Sanford C. Bernstein cut their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Finally, Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. 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 stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus price target of $92.63.
Canadian Pacific Kansas City Trading Up 3.9 %
CP stock opened at $77.76 on Tuesday. Canadian Pacific Kansas City has a 52 week low of $70.89 and a 52 week high of $91.58. 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 company’s 50-day simple moving average is $74.64 and its 200 day simple moving average is $79.12. The company has a market capitalization 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 (NYSE:CP – Get Free Report) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Canadian Pacific Kansas City by 398.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after acquiring an additional 1,678,784 shares during the period. National Bank of Canada FI grew its holdings in Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after acquiring an additional 1,348,474 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth about $63,179,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Canadian Pacific Kansas City by 39.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,010,385 shares of the transportation company’s stock valued at $172,132,000 after purchasing an additional 565,783 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Canadian Pacific Kansas City by 9.7% during the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company’s stock worth $501,219,000 after purchasing an additional 537,418 shares during the period. 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.
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