National Bank Financial Comments on Canadian Pacific Kansas City Limited's Q2 2024 Earnings (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP - Investment analysts at National Bank Financial lifted their Q2 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a report released on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will post earnings per share of $0.75 for the quarter, up from their previous estimate of $0.74. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $3.22 per share.

A number of other research analysts have also weighed in on the stock. Scotiabank reaffirmed a "sector perform" rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Susquehanna decreased their price target on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, March 28th. Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a research note on Monday. They issued a "buy" rating and a $105.00 price target on the stock. TD Securities lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "hold" rating in a research note on Monday, January 8th. Finally, Citigroup raised their price target on shares of Canadian Pacific Kansas City from $89.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, December 13th. Eleven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Hold" and an average target price of $94.29.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded up $0.87 during mid-day trading on Monday, hitting $88.35. 1,332,006 shares of the stock were exchanged, compared to its average volume of 2,082,334. The firm has a fifty day moving average of $86.65 and a 200 day moving average of $78.79. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a market cap of $82.40 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.64 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a $0.1415 dividend. This represents a $0.57 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 17.83%.

Institutional Trading of Canadian Pacific Kansas City

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Canadian Pacific Kansas City by 12.1% in the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company's stock valued at $108,000 after buying an additional 133 shares during the period. Valeo Financial Advisors LLC boosted its position in Canadian Pacific Kansas City by 4.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company's stock valued at $265,000 after buying an additional 141 shares during the period. Commerce Bank boosted its position in Canadian Pacific Kansas City by 0.3% in the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company's stock valued at $4,393,000 after buying an additional 144 shares during the period. Accretive Wealth Partners LLC boosted its position in Canadian Pacific Kansas City by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company's stock valued at $753,000 after buying an additional 145 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company's stock valued at $3,802,000 after buying an additional 148 shares during the period. Institutional investors and hedge funds own 72.20% 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.