Growth Story Still Intact For Canadian Pacific Kansas City Limited (CP)

Canadian Pacific Kansas City Limited (CP) concluded trading on Thursday at a closing price of $81.20, with 2.12 million shares of worth about $172.12 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.29% during that period and on October 10, 2024 the price saw a gain of about 0.93%. Currently the company’s common shares owned by public are about 933.12M shares, out of which, 932.90M shares are available for trading.

Stock saw a price change of -0.83% in past 5 days and over the past one month there was a price change of -5.66%. Year-to-date (YTD), CP shares are showing a performance of 2.71% which increased to 11.42% 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 $91.58 during that period. The average intraday trading volume for Canadian Pacific Kansas City Limited shares is 1.94 million. The stock is currently trading -3.80% below its 20-day simple moving average (SMA20), while that difference is down -1.39% for SMA50 and it goes to -1.47% lower than SMA200.

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Canadian Pacific Kansas City Limited (NYSE: CP) currently have 933.12M outstanding shares and institutions hold larger chunk of about 74.18% of that.

The stock has a current market capitalization of $75.77B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 29.53, while it has posted earnings per share of $2.75 in the same period. Its PEG reads 2.00 and has Quick Ratio of 0.44 while making debt-to-equity ratio of 0.52. 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 1.38% while standing at 1.53% over the month.

Stock’s fiscal year EPS is expected to rise by 12.03% while it is estimated to increase by 18.44% in next year. EPS is likely to grow at an annualized rate of 14.74% for next 5-years, compared to annual growth of 8.14% made by the stock over the past 5-years.

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 Citigroup on October 09, 2024 offering a Buy rating for the stock and assigned a target price of $97 to it. On June 07, 2024, Wells Fargo Initiated their recommendations, while on April 08, 2024, Jefferies Initiated their ratings for the stock with a price target of $105. Stock get a Sector perform rating from Scotiabank on March 25, 2024.

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