FY2024 Earnings Forecast for CP Issued By Raymond James

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) – Research analysts at Raymond James lowered their FY2024 earnings estimates for Canadian Pacific Kansas City in a report released on Monday, January 27th. Raymond James analyst S. Hansen now forecasts that the transportation company will post earnings per share of $2.90 for the year, down from their previous estimate of $3.06. The consensus estimate for Canadian Pacific Kansas City’s current full-year earnings is $3.00 per share. Raymond James also issued estimates for Canadian Pacific Kansas City’s Q4 2024 earnings at $0.86 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.96 EPS and FY2026 earnings at $3.90 EPS.

A number of other research analysts also recently commented on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Bank of America reduced their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Barclays decreased their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Susquehanna lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.63.

Canadian Pacific Kansas City Trading Down 1.9 %

CP opened at $79.15 on Wednesday. Canadian Pacific Kansas City has a 52-week low of $70.89 and a 52-week high of $91.58. The firm’s 50 day moving average is $75.04 and its 200-day moving average is $79.08. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $73.89 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.01 and a beta of 0.96.

Institutional Trading of Canadian Pacific Kansas City

Several hedge funds have recently added to or reduced their stakes in CP. Grove Bank & Trust lifted its position in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 130 shares during the period. Addison Advisors LLC increased its stake in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $36,000. Finally, Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $38,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.