Canadian Pacific Kansas City Limited (TSE:CP) to Post Q3 2024 Earnings of $1.05 Per Share, National Bank Financial Forecasts

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Stock analysts at National Bank Financial lowered their Q3 2024 earnings per share estimates for shares of Canadian Pacific Kansas City in a research note issued to investors on Tuesday, July 30th. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $1.05 per share for the quarter, down from their prior forecast of $1.11. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $4.16 per share. National Bank Financial also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $1.32 EPS, FY2024 earnings at $4.35 EPS and FY2025 earnings at $5.16 EPS.

Other research analysts also recently issued research reports about the company. National Bankshares set a C$119.00 target price on Canadian Pacific Kansas City and gave the stock a “sector perform” rating in a report on Thursday, June 27th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$124.00 to C$130.00 in a research note on Wednesday, July 10th. Raymond James upped their price target on Canadian Pacific Kansas City from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. TD Securities upped their price target on Canadian Pacific Kansas City from C$115.00 to C$120.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on Canadian Pacific Kansas City from C$123.00 to C$136.00 and gave the company an “overweight” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$123.87.

Canadian Pacific Kansas City Stock Down 2.0 %

CP stock opened at C$109.26 on Friday. Canadian Pacific Kansas City has a fifty-two week low of C$94.45 and a fifty-two week high of C$123.37. The business’s 50 day moving average price is C$109.40 and its two-hundred day moving average price is C$112.69. The company has a debt-to-equity ratio of 51.94, a quick ratio of 0.42 and a current ratio of 0.49. The company has a market capitalization of C$101.91 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.32 and a beta of 0.77.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a $0.19 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is presently 18.77%.

Insiders Place Their Bets

In other news, Director Isabelle Courville sold 4,500 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$110.80, for a total transaction of C$498,600.00. In related news, Senior Officer Keith E. Creel sold 59,925 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$108.03, for a total value of C$6,473,511.98. Also, Director Isabelle Courville sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$110.80, for a total value of C$498,600.00. In the last quarter, insiders sold 208,730 shares of company stock worth $22,779,501. Corporate insiders own 0.03% 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.