Q4 Earnings Forecast for TSE:CP Issued By Raymond James

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Equities research analysts at Raymond James reduced their Q4 2024 earnings per share estimates for Canadian Pacific Kansas City in a report issued on Monday, January 27th. Raymond James analyst S. Hansen now forecasts 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.

A number of other equities research analysts also recently commented on the company. Wolfe Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. ATB Capital upped their price objective on Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. National Bankshares increased their price target on Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Stephens upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their price target on Canadian Pacific Kansas City from C$136.00 to C$137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Buy” and a consensus price target of C$124.23.

Canadian Pacific Kansas City Trading Down 0.3 %

TSE CP opened at C$113.64 on Thursday. The stock has a 50-day simple moving average of C$107.18 and a 200 day simple moving average of C$109.85. The company has a market capitalization of C$106.04 billion, a PE ratio of 30.47, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a current ratio of 0.51, a quick ratio of 0.42 and a debt-to-equity ratio of 50.47. Canadian Pacific Kansas City has a 12 month low of C$101.76 and a 12 month high of C$123.37.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.38%.

Insider Transactions at Canadian Pacific Kansas City

In other news, Senior Officer Keith E. Creel sold 51,727 shares of the stock in a transaction that occurred 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 firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$106.30, for a total value of C$1,664,359.45. Over the last quarter, insiders have sold 70,284 shares of company stock worth $7,398,669. Company insiders own 0.03% 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.