Canadian Pacific Kansas 주식 (NYSE: CP)

에 대한 최신 뉴스 Canadian Pacific Kansas (NYSE:CP) 주식

Canadian Pacific Kansas

Canadian Pacific Railway

Canadian Pacific Kansas City is a Class-1 railroad operating on track that spans across most of Canada and into parts of the Midwestern and Northeastern United States. Following the April 2023 Kansas City Southern merger, CP operates new single-line-haul services from Canada and the Upper Midwest down through Texas, the Gulf of Mexico, and into Mexico. It also hauls cross border and intra Mexico freight via operating concessions on roughly 3,300 miles of rail in Mexico. CP hauls shipments of grain, intermodal containers, energy products (like crude and frac sand), chemicals, plastics, coal, fertilizer and potash, automotive products, and a diverse mix of other merchandise.

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Citigroup analyst Ariel Rosa maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Buy and lowers the price target from $98 to $91.

News

Price Target

Citigroup Maintains Buy on Canadian Pacific Kansas, Lowers Price Target to $91

Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) has outperformed the market over the past 15 years by 3.21% on an annualized basis producing an average annual return of 14.86%. Currently, Canadian Pacific Kansas has a market capitalization of $73.21 billion. 
Buying $100 In CP: If an investor had bought $100 of CP stock 15 years ago, it would be worth $806.50 today based on a price of $78.44 for CP at the time of writing.
<h3>Canadian Pacific Kansas's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730822429_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 15 Years Ago, You Would Have $800 Today

Stephens &amp; Co. analyst Justin Long maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Equal-Weight and lowers the price target from $85 to $81.

Stephens & Co. Maintains Equal-Weight on Canadian Pacific Kansas, Lowers Price Target to $81

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>KGI Securities analyst Terry Lee upgraded Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) from Neutral to Outperform and announced a $276 price target. Tesla shares closed at $213.65 on Wednesday. <a href="https://www.benzinga.com/quote/tsla/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank analyst Matt O&#8217;Connor upgraded the rating for Regions Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) from Hold to Buy and increased the price target from $24 to $26. Regions Finl shares closed at $23.64 on Wednesday. <a href="https://www.benzinga.com/quote/RF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587781de5064ed0001730076/mark-strouse">JP Morgan analyst Mark Strouse</a> upgraded NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) from Underweight to Neutral but lowered the price target from $25 to $22. NextEra Energy Partners shares closed at $21.01 on Wednesday. <a href="https://www.benzinga.com/quote/NEP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e8b4df71e7bd60001d9d077/jason-bednar">Piper Sandler analyst Jason Bednar</a> upgraded STERIS plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STE#NYSE">STE</a>) from Neutral to Overweight and boosted the price target from $230 to $260. Steris shares closed at $221.15 on Wednesday. <a href="https://www.benzinga.com/quote/STE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna analyst Bascome Majors upgraded the rating for Canadian Pacific Kansas City Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) from Neutral to Positive but slashed the price target from $94 to $92. Canadian Pacific Kansas shares closed at $78.83 on Wednesday. <a href="https://www.benzinga.com/quote/CP/analyst-ratings">See how other analysts view this stock.</a> </li>
</ul>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="530" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24140730/image-243-1024x530.png" alt="" class="wp-image-612833" style="width:555px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24140730/image-243-1024x530.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24140730/image-243-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24140730/image-243-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/24140730/image-243.png 1228w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This Tesla Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

Susquehanna analyst Bascome Majors upgrades Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) from Neutral to Positive and lowers the price target from $94 to $92.

Susquehanna Upgrades Canadian Pacific Kansas to Positive, Lowers Price Target to $92

RBC Capital analyst Walter Spracklin maintains Canadian Pacific Kansas (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CP#TSX">CP</a>) with a Outperform and lowers the price target from C$137 to C$134.

TSX:CP

RBC Capital Maintains Outperform on Canadian Pacific Kansas, Lowers Price Target to C$134

Benchmark analyst Mark Levin reiterates Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Canadian Pacific Kansas

B of A Securities analyst Ken Hoexter maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Buy and lowers the price target from $94 to $91.

B of A Securities Maintains Buy on Canadian Pacific Kansas, Lowers Price Target to $91

2024 Guidance CPKC now expects RTMs3 to increase mid-single digits vs 2023 on a combined basis. CPKC continues to expect 2024 core adjusted combined diluted EPS1 to grow double digits versus 2023 core adjusted combined diluted EPS1 of $3.84.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">1</td>
<td colspan="1" rowspan="1">These measures have no standardized meanings prescribed by accounting principles generally accepted in the United States of America ("GAAP") and, therefore, may not be comparable to similar measures presented by other companies. For information regarding non-GAAP measures including reconciliations, see attached supplementary schedule of Non-GAAP Measures.</td>
</tr>
<tr>
<td colspan="1" rowspan="1">2</td>
<td colspan="1" rowspan="1">The third-quarter 2023 FRA-reportable train accident frequency and FRA-reportable personal injury frequency have been restated to reflect new information available within specified periods stipulated by the FRA but that exceed the Company's financial reporting timeline.</td>
</tr>
<tr>
<td colspan="1" rowspan="1">3</td>
<td colspan="1" rowspan="1">The 2023 comparison for RTMs represents combined operating information to illustrate the estimated effects of the acquisition as if the acquisition closed on January 1, 2022.</td>
</tr>
</tbody>
</table>
</figure>

Guidance

CPKC Now Expects RTMs To Increase Mid-Single Digits Vs 2023 On A Combined Basis; Continues To Expect 2024 Core Adjusted Combined Diluted EPS To Grow Double Digits Versus 2023 Core Adjusted Combined Diluted EPS Of $3.84

Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) reported quarterly earnings of $0.99 per share which missed the analyst consensus estimate of $1.01 by 1.98 percent. The company reported quarterly sales of $3.549 billion which missed the analyst consensus estimate of $3.622 billion by 2.02 percent. This is a 42.59 percent increase over sales of $2.489 billion the same period last year.

Earnings

Earnings Misses

Canadian Pacific Kansas Q3 2024 Adj. EPS $0.99 Misses $1.01 Estimate, Sales $3.549B Miss $3.622B Estimate

Stifel analyst Benjamin Nolan maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Hold and lowers the price target from $83 to $82.

Stifel Maintains Hold on Canadian Pacific Kansas, Lowers Price Target to $82

Landstar System (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lstr#NASDAQ">LSTR</a>) is benefiting from its robust financial stability and strong liquidity. The shareholder-friendly approach also bodes well for the company. However, the company is grappling with the freight market downturn.
<h2>Factors Favoring LSTR</h2>
Landstar&#39;s commitment to shareholder value is commendable, as the company consistently returns significant capital to its investors through stock repurchase programs and dividends. In the first half of 2024, Landstar repurchased shares of its common stock for a total of $57 million and paid $95 million in dividends. Moreover, in August 2024, LSTR paid a quarterly dividend of $0.36 per share to its stockholders. This quarterly dividend includes a 9% increase to its regular quarterly dividend.
Despite the softness prevailing in the freight environment, the company demonstrates strong financial stability and cash-generating capabilities. By the end of the second quarter of 2024, LSTR reported cash and short-term investments totaling $504 million. For the first half of 2024, cash flow from operations reached $142 million, while cash capital expenditures amounted to $17 million.
The company exited the second quarter of&nbsp;2024 with a current ratio (a&nbsp;measure of liquidity) of 2.17. A current ratio of greater than 1 is always desirable as it indicates that the company has enough cash to meet its short-term obligations.
Shares of LSTR have rallied 4.3% over the past year compared to the&nbsp;industry&#39;s decline of 4.9% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2f/80936.jpg?v=1698351877" />
Image Source: Zacks Investment Research
<h2>LSTR: Key Risks to Watch </h2>
The company&#39;s prospects are being negatively affected by softness in freight market demand. In the second quarter of 2024, total loadings of machinery dropped by 12% year over year. Similarly, loadings for automotive equipment and parts fell by 1%, while building products and hazardous materials decreased by 1% and 14%, respectively.
Moreover, substitute linehaul loadings, which had been one of the strongest performers during the pandemic and are highly sensitive to consumer demand, decreased by 29% compared to the second quarter of 2023.
As a result, Landstar&#39;s top line is expected to remain weak in the near term. For the third quarter of 2024, the company anticipates a decline in truckloads in the range of 6-10% year over year.
The trucking industry is also grappling with a persistent driver shortage. As seasoned drivers retire, companies struggle to attract new talent, particularly from younger generations, who may not find the profession appealing.
<h2>LSTR&#39;s Zacks Rank</h2>
LSTR currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include Ryanair (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>) and Canadian Pacific Kansas City Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cp#NYSE">CP</a>).
Ryanair currently sports a Zacks Rank #1 (Strong Buy).&nbsp;RYAAY has an expected earnings growth rate of 10% for the current year.
The company has a discouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, delivering an average miss of 30%. Shares of RYAAY have risen 10.2% in the past year.
Canadian Pacific also sports a Zacks Rank #1 at present and has an expected earnings growth rate of 0.3% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 2.2%. CP shares have rallied 10.6% in the past year.
<a href="https://www.zacks.com/stock/news/2348380/here-s-why-investors-should-hold-on-to-landstar-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2348380">To read this article on Zacks.com click here.</a>

Large Cap

Mid Cap

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LSTR

RYAAY

Here's Why Investors Should Hold on to Landstar Stock Now

Bernstein analyst David Vernon maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Market Perform and lowers the price target from $91.98 to $91.25.

Bernstein Maintains Market Perform on Canadian Pacific Kansas, Lowers Price Target to $91.25

Citigroup analyst Ariel Rosa initiates coverage on Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Buy rating and announces Price Target of $97.

Initiation

Citigroup Initiates Coverage On Canadian Pacific Kansas with Buy Rating, Announces Price Target of $97

Susquehanna analyst Bascome Majors maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Neutral and raises the price target from $80 to $94.

Susquehanna Maintains Neutral on Canadian Pacific Kansas, Raises Price Target to $94

Evercore ISI Group analyst Jonathan Chappell maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Outperform and raises the price target from $89 to $91.

Evercore ISI Group Maintains Outperform on Canadian Pacific Kansas, Raises Price Target to $91

Biden Administration Urges Freight Railroads To Guarantee Paid Sick Leave For All Employees

Barclays analyst Brandon Oglenski maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Overweight and raises the price target from $95 to $97.

Barclays Maintains Overweight on Canadian Pacific Kansas, Raises Price Target to $97

- <a href="https://docs.publicnow.com/viewDoc?hash_primary=27E12D31BF56A2B0B9EA28BC5C8692F78FE5CED9" title="https://docs.publicnow.com/viewDoc?hash_primary=27E12D31BF56A2B0B9EA28BC5C8692F78FE5CED9">https://docs.publicnow.com/viewDoc?hash_primary=27E12D31BF56A2B0B9EA28BC5C8692F78FE5CED9</a>

Canadian Pacific Kansas City Sees 2024 Capital Expenditures CAD$2.75 Billion; Sees 2024 Double-Digit Core Adjusted Combined Diluted EPS Growth

Canadian Pacific Kansas City&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cp#NYSE">CP</a>) operations are being boosted by its robust operational efficiency and cost-cutting initiatives. Shareholder-friendly actions bode well for the company. High fuel costs and weak liquidity are major concerns.
<h2>Factors Favoring CP</h2>
Canadian Pacific&#39;s operational efficiency is commendable, as evidenced by the company&#39;s robust performance in the second quarter of 2024. The average terminal dwell decreased by 9%, highlighting improved processing and handling operations. The network&#39;s fluidity is demonstrated by a 6% increase in average train speed. Locomotive productivity rose by 10%, while fuel efficiency saw a 2% enhancement, reflecting CP&#39;s strong commitment to both operational excellence and sustainability.
The company is benefiting from its proactive cost-cutting initiatives. Labor costs, comprising 26.2% of the overall operating expenses, decreased by 7% year over year in the second quarter of 2024 to $612 million.
CP&#39;s commitment to reward its shareholders through dividends amid uncertainties reflects its financial confidence.With dividend payouts increasing from C$507 million in 2021 to C$707 million in 2022 and 2023, its financial growth and a proactive approach to rewarding shareholders is underscored. In the second quarter of 2024, the company paid out a quarterly dividend of 19 cents per share to its shareholders.
Shares of Canadian Pacific have rallied 4.4% year to date compared with its industry&#39;s growth of 0.7% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/29/75939.jpg?v=1074792652" /> 
Image Source: Zacks Investment Research
<h3>Key Risks Faced by CP</h3>
High fuel costs are a worry.In the second quarter of 2024, fuel costs rose by 17% year over year.&nbsp;
Canadian Pacific exited the June end quarter with $557 million in cash and cash equivalents while carrying a current debt load of $3.67 billion. This discrepancy suggests that the company does not have enough cash to meet its short-term obligations.
CP&#39;s current ratio (a measure of liquidity) at the end of the second quarter of 2024 was 0.51. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations.
<h3>CP&#39;s Zacks Rank</h3>
Canadian Pacific currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation&nbsp;sector include C.H. Robinson Worldwide&nbsp;and Westinghouse Air Brake Technologies.
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 9.9% in the past year.
WAB holds a Zacks Rank #2 (Buy) at present andhas an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 46.2% in the past year.
<a href="https://www.zacks.com/stock/news/2329003/here-s-why-investors-should-retain-canadian-pacific-kc-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2329003">To read this article on Zacks.com click here.</a>

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