Research Analysts Issue Forecasts for TSE:CP FY2024 Earnings

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) – Research analysts at Raymond James dropped their FY2024 earnings per share (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 post earnings per share of $4.21 for the year, down from their prior forecast 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.

CP has been the topic of several other reports. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Citigroup set a C$97.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada dropped their target price on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Desjardins reduced their price target on Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised 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. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$124.23.

Canadian Pacific Kansas City Stock Down 1.7 %

Shares of TSE CP opened at C$114.02 on Wednesday. The company has a market cap of C$106.39 billion, a price-to-earnings ratio of 30.57, a PEG 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 twelve month low of C$101.76 and a twelve month high of C$123.37. The firm’s fifty day moving average price is C$106.98.

Insider Activity at Canadian Pacific Kansas City

In other Canadian Pacific Kansas City news, Senior Officer James Dominic Luther Clements sold 15,657 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$106.30, for a total transaction of C$1,664,359.45. Also, Senior Officer Keith E. Creel sold 51,727 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$104.91, for a total transaction of C$5,426,615.01. Insiders have sold a total of 70,284 shares of company stock valued at $7,398,669 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Monday, January 27th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.38%.

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.