Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Equities researchers at Raymond James lowered their Q1 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research report issued on Monday, April 22nd. Raymond James analyst S. Hansen now anticipates that the company will earn $0.94 per share for the quarter, down from their prior forecast of $0.99. Raymond James currently has a "Outperform" rating and a $130.00 price target on the stock. The consensus estimate for Canadian Pacific Kansas City's current full-year earnings is $4.33 per share. Raymond James also issued estimates for Canadian Pacific Kansas City's FY2024 earnings at $4.35 EPS.
Other equities analysts also recently issued research reports about the company. Scotiabank downgraded Canadian Pacific Kansas City from an "outperform" rating to a "sector perform" rating and increased their price target for the stock from C$120.00 to C$126.00 in a research report on Monday, March 25th. ATB Capital increased 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 report on Wednesday, April 10th. Stephens increased their price target on Canadian Pacific Kansas City from C$78.00 to C$83.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 4th. TD Securities increased their price target on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a "hold" rating in a research report on Wednesday, January 31st. Finally, National Bankshares increased their price target on Canadian Pacific Kansas City from C$112.00 to C$121.00 in a research report on Thursday, April 4th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$120.88.
Get Our Latest Research Report on Canadian Pacific Kansas City
Canadian Pacific Kansas City Stock Up 1.1 %
TSE:CP traded up C$1.36 during mid-day trading on Tuesday, hitting C$119.77. 1,974,530 shares of the company's stock traded hands, compared to its average volume of 1,173,572. The company has a fifty day moving average of C$118.28 and a 200 day moving average of C$107.90. Canadian Pacific Kansas City has a twelve month low of C$94.45 and a twelve month high of C$123.37. The company has a market capitalization of C$111.69 billion, a P/E ratio of 28.13, a P/E/G ratio of 2.32 and a beta of 0.75. The company has a debt-to-equity ratio of 53.85, a quick ratio of 0.42 and a current ratio of 0.53.
Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its earnings results on Tuesday, January 30th. The company reported C$1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of C$3.78 billion for the quarter, compared to analyst estimates of C$3.66 billion.
Canadian Pacific Kansas City Announces 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 $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.63%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 18.05%.
Insiders Place Their Bets
In other news, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. In other Canadian Pacific Kansas City news, Senior Officer Keith E. Creel sold 59,925 shares of the business's stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total transaction of C$7,162,691.43. Also, Senior Officer James Dominic Luther Clements sold 7,828 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$118.91, for a total value of C$930,859.57. Insiders sold 97,758 shares of company stock valued at $10,774,715 in the last ninety days. Insiders own 0.03% of the company's stock.
Canadian Pacific Kansas City Company Profile
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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.
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