Canadian Pacific Kansas City Limited (NYSE: CP) – Suitable For Long Term Buy?

Currently, there are 933.35M common shares owned by the public and among those 933.12M shares have been available to trade.

The company’s stock has a 5-day price change of -4.46% and -6.76% over the past three months. CP shares are trading -6.46% year to date (YTD), with the 12-month market performance up to 3.22% higher. It has a 12-month low price of $69.27 and touched a high of $91.58 over the same period. CP has an average intraday trading volume of 2.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.51%, -8.96%, and -10.19% respectively.

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Institutional ownership of Canadian Pacific Kansas City Limited (NYSE: CP) shares accounts for 74.21% of the company’s 933.35M shares outstanding.

It has a market capitalization of $94.88B and a beta (3y monthly) value of 0.97. The stock’s trailing 12-month PE ratio is 26.57, while the earnings-per-share (ttm) stands at $2.78. The company has a PEG of 1.80 and a Quick Ratio of 0.46 with the debt-to-equity ratio at 0.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.57% over the week and 1.90% over the month.

Earnings per share for the fiscal year are expected to increase by 10.48%, and 18.12% over the next financial year. EPS should grow at an annualized rate of 14.79% over the next five years, compared to 8.14% over the past 5-year period.

Looking at the support for the CP, a number of firms have released research notes about the stock. Susquehanna stated their Positive rating for the stock in a research note on October 24, 2024, with the firm’s price target at $92. Citigroup coverage for the Canadian Pacific Kansas City Limited (CP) stock in a research note released on October 09, 2024 offered a Buy rating with a price target of $97. Scotiabank was of a view on July 10, 2024 that the stock is Sector Outperform, while Wells Fargo gave the stock Overweight rating on June 07, 2024, issuing a price target of $90. Jefferies on their part issued Buy rating on April 08, 2024.

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