Atb Cap Markets Comments on Canadian Pacific Kansas City Limited’s Q1 2024 Earnings (NYSE:CP)

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Atb Cap Markets lowered their Q1 2024 EPS estimates for Canadian Pacific Kansas City in a research note issued on Tuesday, April 9th. Atb Cap Markets analyst C. Murray now forecasts that the transportation company will post earnings per share of $0.71 for the quarter, down from their previous estimate of $0.75. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.22 per share. Atb Cap Markets also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.98 EPS, FY2024 earnings at $3.27 EPS, Q1 2025 earnings at $0.90 EPS, Q3 2025 earnings at $0.92 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $3.86 EPS.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%.

A number of other equities analysts have also recently issued reports on the stock. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Bank of America raised their price target on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. dropped their target price on Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, December 21st. Susquehanna lowered their price target on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Wednesday. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Hold” and an average target price of $95.12.

Canadian Pacific Kansas City Stock Down 1.3 %

Shares of CP stock opened at $88.10 on Thursday. Canadian Pacific Kansas City has a one year low of $68.92 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a fifty day moving average price of $87.00 and a 200 day moving average price of $78.95. The stock has a market cap of $82.16 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 2.67 and a beta of 0.94.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 annualized dividend and a yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.83%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Canadian Pacific Kansas City by 12.1% during the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock worth $108,000 after acquiring an additional 133 shares during the period. Valeo Financial Advisors LLC increased its stake in Canadian Pacific Kansas City by 4.1% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,556 shares of the transportation company’s stock worth $265,000 after purchasing an additional 141 shares in the last quarter. Commerce Bank increased its position in shares of Canadian Pacific Kansas City by 0.3% during the fourth quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock worth $4,393,000 after acquiring an additional 144 shares in the last quarter. Accretive Wealth Partners LLC raised its stake in shares of 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 purchasing an additional 145 shares during the period. Finally, Commonwealth Equity Services LLC raised 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 last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Company Profile

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.