FY2024 Earnings Forecast for TSE:CP Issued By Raymond James

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities research analysts at Raymond James decreased their FY2024 EPS estimates for Canadian Pacific Kansas City in a research report issued on Monday, January 27th. Raymond James analyst S. Hansen now expects that the company will earn $4.21 per share for the year, down from their prior estimate 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.

A number of other research analysts have also recently issued reports on the company. National Bankshares boosted their target price on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. ATB Capital lifted their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$130.00 and gave the company an “outperform” rating in a research note on Thursday. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from C$126.00 to C$125.00 in a report on Wednesday, October 9th. Finally, Stephens upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$124.07.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at C$115.62 on Wednesday. Canadian Pacific Kansas City has a 52 week low of C$101.76 and a 52 week high of C$123.37. The company has a debt-to-equity ratio of 50.47, a quick ratio of 0.42 and a current ratio of 0.51. The stock has a market capitalization of C$107.89 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.32 and a beta of 0.79. The firm has a fifty day moving average of C$107.39 and a two-hundred day moving average of C$109.87.

Canadian Pacific Kansas City Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.66%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

Insider Buying and Selling

In other news, Senior Officer Keith E. Creel sold 51,727 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Also, Senior Officer James Dominic Luther Clements sold 15,657 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total value of C$1,664,359.45. Over the last three months, insiders have sold 70,284 shares of company stock valued at $7,398,669. 0.03% of the stock is owned by company insiders.

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.