Canadian Pacific Kansas City Limited (TSE:CP - Free Report) NYSE: CP - Stock analysts at Raymond James cut their Q2 2024 earnings per share (EPS) estimates for shares of Canadian Pacific Kansas City in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $1.03 for the quarter, down from their prior estimate of $1.10. Raymond James has a "Outperform" rating and a $130.00 price objective 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 Q3 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.28 EPS and FY2025 earnings at $5.15 EPS.
CP has been the topic of several other reports. BMO Capital Markets lifted their price target on Canadian Pacific Kansas City from C$125.00 to C$133.00 in a research report on Monday, April 8th. Scotiabank lowered Canadian Pacific Kansas City from an "outperform" rating to a "sector perform" rating and lifted their price objective for the stock from C$120.00 to C$126.00 in a report on Monday, March 25th. TD Securities lifted their price objective on Canadian Pacific Kansas City from C$110.00 to C$115.00 and gave the stock a "hold" rating in a report on Wednesday, January 31st. Desjardins boosted their price target on Canadian Pacific Kansas City from C$118.00 to C$130.00 and gave the company a "buy" rating in a research note on Friday, April 12th. Finally, CIBC boosted their price target on Canadian Pacific Kansas City from C$124.00 to C$130.00 and gave the company an "outperform" rating in a research note on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of C$120.88.
View Our Latest Stock Report on CP
Canadian Pacific Kansas City Stock Performance
Shares of CP stock traded down C$7.54 during trading on Wednesday, reaching C$112.23. The company had a trading volume of 3,000,138 shares, compared to its average volume of 1,196,472. The firm's 50 day simple moving average is C$118.43 and its two-hundred day simple moving average is C$108.04. The company has a debt-to-equity ratio of 53.85, a current ratio of 0.53 and a quick ratio of 0.42. Canadian Pacific Kansas City has a one year low of C$94.45 and a one year high of C$123.37. The company has a market capitalization of C$104.66 billion, a PE ratio of 26.67, a PEG ratio of 2.32 and a beta of 0.75.
Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last posted its quarterly 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 company had revenue of C$3.78 billion during the quarter, compared to the consensus estimate 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. Shareholders 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 dividend yield of 0.68%. Canadian Pacific Kansas City's dividend payout ratio is currently 18.05%.
Insider Buying and Selling
In other Canadian Pacific Kansas City news, 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 transaction of C$123,300.00. In related news, Senior Officer Keith E. Creel sold 59,925 shares of the firm's stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of C$119.53, for a total value of C$7,162,691.43. 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 quarter, insiders have sold 97,758 shares of company stock worth $10,774,715. Corporate insiders own 0.03% of the company's stock.
About Canadian Pacific Kansas City
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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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