Canadian Pacific Kansas City Limited (NYSE: CP) Not A Good Play Anymore?

Canadian Pacific Kansas City Limited (CP) concluded trading on Wednesday at a closing price of $76.00, with 2.85 million shares of worth about $216.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.91% during that period and on November 13, 2024 the price saw a loss of about -1.16%. Currently the company’s common shares owned by public are about 933.35M shares, out of which, 933.12M shares are available for trading.

Stock saw a price change of -3.17% in past 5 days and over the past one month there was a price change of -6.62%. Year-to-date (YTD), CP shares are showing a performance of -3.87% which increased to 9.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.08 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 2.10 million. The stock is currently trading -2.88% below its 20-day simple moving average (SMA20), while that difference is down -7.05% for SMA50 and it goes to -7.83% lower than SMA200.

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Canadian Pacific Kansas City Limited (NYSE: CP) currently have 933.35M outstanding shares and institutions hold larger chunk of about 73.49% of that.

The stock has a current market capitalization of $98.94B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 27.31, while it has posted earnings per share of $2.78 in the same period. Its PEG reads 1.85 and has Quick Ratio of 0.46 while making debt-to-equity ratio of 0.50. 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 1.68% while standing at 1.89% over the month.

Stock’s fiscal year EPS is expected to rise by 11.12% while it is estimated to increase by 18.12% in next year. EPS is likely to grow at an annualized rate of 14.79% 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 Susquehanna on October 24, 2024 offering a Positive rating for the stock and assigned a target price of $92 to it. Coverage by Citigroup stated Canadian Pacific Kansas City Limited (CP) stock as a Buy in their note to investors on October 09, 2024, suggesting a price target of $97 for the stock. On July 10, 2024, Scotiabank Upgrade their recommendations, while on June 07, 2024, Wells Fargo Initiated their ratings for the stock with a price target of $90. Stock get a Buy rating from Jefferies on April 08, 2024.

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