National Bank Financial Equities Analysts Increase Earnings Estimates for Canadian Pacific Kansas City Limited (TSE:CP)

Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Analysts at National Bank Financial lifted their Q2 2024 earnings per share (EPS) estimates for Canadian Pacific Kansas City in a research report issued on Wednesday, April 3rd. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $1.01 per share for the quarter, up from their previous estimate of $1.00. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.39 per share.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last posted its earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share for the quarter, topping analysts' consensus estimates of C$1.12 by C$0.06. Canadian Pacific Kansas City had a return on equity of 9.65% and a net margin of 31.28%. The firm had revenue of C$3.78 billion for the quarter, compared to the consensus estimate of C$3.66 billion.

CP has been the topic of a number of other reports. Desjardins boosted their price target on Canadian Pacific Kansas City from C$108.00 to C$118.00 and gave the stock a "buy" rating in a research report on Thursday, January 18th. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from C$112.00 to C$117.00 and gave the stock a "market perform" rating in a research report on Monday, February 5th. Barclays upped their price objective on Canadian Pacific Kansas City from C$120.00 to C$130.00 in a research report on Thursday. Scotiabank cut Canadian Pacific Kansas City from an "outperform" rating to a "sector perform" rating and upped their price objective for the company from C$120.00 to C$126.00 in a research report on Monday, March 25th. Finally, Stephens upped their price objective on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the company an "equal weight" rating in a research report on Thursday, January 4th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$118.81.

Canadian Pacific Kansas City Stock Up 1.0 %

Shares of CP stock traded up C$1.16 during midday trading on Monday, reaching C$120.03. 470,371 shares of the stock were exchanged, compared to its average volume of 1,177,928. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 53.85. The company's 50 day moving average is C$117.15 and its two-hundred day moving average is C$106.70. Canadian Pacific Kansas City has a 1 year low of C$94.45 and a 1 year high of C$123.37. The firm has a market cap of C$111.93 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.32 and a beta of 0.75.

Insider Buying and Selling at Canadian Pacific Kansas City

In other news, Senior Officer John Kenneth Brooks sold 27,505 shares of Canadian Pacific Kansas City stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$86.33, for a total transaction of C$2,374,638.67. In other Canadian Pacific Kansas City news, Senior Officer John Kenneth Brooks sold 27,505 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$86.33, for a total value of C$2,374,638.67. Also, Senior Officer Nadeem Velani sold 1,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$123.30, for a total value of C$123,300.00. Over the last ninety days, insiders sold 37,833 shares of company stock valued at $3,612,023. Insiders own 0.03% of the company's stock.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 annualized dividend and a yield of 0.63%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 18.05%.

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.