Set Your Sights On Canadian Pacific Kansas City Limited (NYSE: CP)’S Upside Potential

WCM Investment Management LLC has recently announced that it has increased stake in Canadian Pacific Kansas City Limited (NYSE:CP) by 21.80%. After grabbing 38.1 million shares, the institutional investor is now in possession of 6.82 million shares of the Industrials Company. The new investment brought the stake of investor firm to 4.09% having worth around $2.7 billion. Moreover, Fidelity Management & Research Co increased its share by 0.41 million to have a control over 28.07 million shares. And 1832 Asset Management LP raised its holdings to 23036.0 shares by acquiring 24.42 million shares or 2.62% of the stake.

Canadian Pacific Kansas City Limited (CP) concluded trading on 12/07/23 at a closing price of $73.26, with 2.46 million shares of worth about $180.04 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.99% during that period and on Thursday the price saw a loss of about -0.96%. Currently the company’s common shares owned by public are about 931.79M shares, out of which, 931.56M shares are available for trading.

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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 32 analysts are covering the CP stock and their offered price forecasts bring an average price target of $117.53. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $149.49 and could fall to a lowest price of $104.73. The stock’s current price level is 14.56% above of average price target set by the analysts, while a rise to estimated low would result in gain of 30.05% for the stock. However, touching the estimated high of $149.49 would mean a gain of 50.99% for the stock.

Government Pension Fund – Global, Pershing Square Holdings Ltd., and Vanguard Total International Stoc are the top 3 mutual funds which are holding stakes in Canadian Pacific Kansas City Limited Government Pension Fund – Global is currently holding 15.01 million shares of worth totaling $1.07 billion. The company recently came buying 5.88 million shares which brought its stake up to 1.61% of the company’s outstanding shares. Vanguard Total International Stoc, after buying 12.6 million shares, have now control over 1.35% of the stake in the company. It holds 0.1 million shares of worth $894.25 million.

Canadian Pacific Kansas City Limited (NYSE: CP) started trading at $74.07, above $0.1 from concluding price of the previous day. However, the stock later moved at a day high price of 74.17, or with a loss of -0.96%. Stock saw a price change of 1.75% in past 5 days and over the past one month there was a price change of -0.31%. Year-to-date (YTD), CP shares are showing a performance of -1.78% which decreased to -7.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $68.92 but also hit the highest price of $85.40 during that period. The average intraday trading volume for Canadian Pacific Kansas City Limited shares is 2.26 million. The stock is currently trading 1.87% above its 20-day simple moving average (SMA20), while that difference is up 1.56% for SMA50 and it goes to -4.92% lower than SMA200.

WCM Investment Management LLC acquired 38.1 million shares of Canadian Pacific Kansas City Limited having value of about $2.7 billion. Data submitted at the U.S SEC by WCM Investment Management LLC revealed that the firm now holds 6.82 million shares in the company valued at close to $499582284.3, or have control over 21.80% stake in the company. Canadian Pacific Kansas City Limited (NYSE: CP) currently have 931.79M outstanding shares and institutions hold larger chunk of about 77.08% of that. Holding of mutual funds in the company is about 35.18% while other institutional holders and individual stake holders have control over 43.23% and — of the stake respectively.

The stock has a current market capitalization of $68.26B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 22.10, while it has posted earnings per share of $3.32 in the same period. Its PEG reads 1.81 and has Quick Ratio of 0.61 while making debt-to-equity ratio of 0.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CP, volatility over the week remained 1.77% while standing at 1.87% over the month.

Analysts are in expectations that Canadian Pacific Kansas City Limited (CP) stock would likely to be making an EPS of $0.84 in the current quarter, while forecast for next quarter EPS is $0.77 and it is $3.29 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.75 which is $1.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.81 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.42% while it is estimated to increase by 17.52% in next year. EPS is likely to grow at an annualized rate of 12.18% for next 5-years, compared to annual growth of 2.72% made by the stock over the past 5-years.

Analysts at 32 brokerage firms have issued recommendations for the Canadian Pacific Kansas City Limited (CP)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.66. Out of those 32 Wall Street analysts, 20 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on November 27, 2023 offering a Hold rating for the stock and assigned a target price range of between $85 and $77 to it.

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