Research Analysts Set Expectations for CP FY2024 Earnings

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Stock analysts at Raymond James dropped their FY2024 EPS estimates for shares of Canadian Pacific Kansas City in a research note issued on Monday, January 27th. Raymond James analyst S. Hansen now forecasts that the transportation company will post earnings per share of $2.90 for the year, down from their prior estimate of $3.06. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.00 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.86 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.96 EPS and FY2026 earnings at $3.90 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%.

A number of other research analysts have also weighed in on the stock. Citigroup decreased 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 note on Tuesday, November 12th. Susquehanna lowered their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Barclays cut their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Sanford C. Bernstein lowered their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Finally, Bank of America cut their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.63.

Canadian Pacific Kansas City Stock Performance

CP opened at $78.66 on Wednesday. Canadian Pacific Kansas City has a twelve month low of $70.89 and a twelve month high of $91.58. The firm has a market capitalization of $73.44 billion, a PE ratio of 28.09, a PEG ratio of 2.01 and a beta of 0.96. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $75.15 and its 200 day moving average price is $79.05.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the stock. Grove Bank & Trust boosted its position in shares of 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 buying an additional 130 shares during the period. Addison Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 279 shares during the period. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $34,000. Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth about $34,000. Finally, YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Institutional investors and hedge funds 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.