Canadian Pacific Kansas City Limited (NYSE: CP) stock jumped 0.23% on Thursday to $76.96 against a previous-day closing price of $76.78. With 1.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.05 million shares. During the session, the Railroads company that operates in wider Industrials sector, reached to the highest price of $77.41 whereas the lowest price it dropped to was $75.67. The 52-week range on CP shows that it touched its highest point at $83.44 and its lowest point at $65.17 during that stretch. It currently has a 1-year price target of $118.29. With its current market cap of 96.84 billion, CP has annualized dividend of $0.76 while the current yield stands at 0.99%. Beta for the stock currently stands at 0.82.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CP was down-trending over the past week, with a drop of -6.94%, but this was down by -0.62% over a month. Three-month performance surged to 1.09% while six-month performance fell -4.33%. The stock gained 12.22% in the past year, while it has gained 3.18% so far this year. A look at the trailing 12-month EPS for CP yields 3.99 with Next year EPS estimates of 5.11. For the next quarter, that number is 1.10. This implies an EPS growth rate of -9.70% for this year and 19.15% for next year. EPS is expected to grow by 13.34% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.10%.
Float and Shares Shorts:
At present, 930.70 million CP shares are outstanding with a float of 929.94 million shares on hand for trading. On May 14, 2023, short shares totaled 15.44 million, which was 1.66% higher than short shares on Apr 13, 2023. In addition to Mr. Keith E. Creel as the firm’s CEO, Pres & Director, Mr. Nadeem S. Velani serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 77.31% of CP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.15% of CP, in contrast to 32.10% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CP with 6.00% of the stake, TCI Fund Management Ltd. holds 55,860,385 shares worth 55,860,385. A second-largest stockholder of CP, WCM Investment Management LLC, holds 29,435,849 shares, controlling over 3.16% of the firm’s shares. RBC Global Asset Management, Inc. is the third largest shareholder in CP, holding 29,261,628 shares or 3.14% stake. With a 1.61% stake in CP, the Government Pension Fund – Global is the largest stakeholder. A total of 15,011,460 shares are owned by the mutual fund manager. The Pershing Square Holdings Ltd., which owns about 1.43% of CP stock, is the second-largest Mutual Fund holder. It holds 13,266,340 shares valued at 1.05 billion. Vanguard Total International Stoc holds 1.32% of the stake in CP, owning 12,276,447 shares worth 967.88 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CP reported revenue of $2.20B and operating income of $898.00M. The EBITDA in the recently reported quarter was $1.41B and diluted EPS was $0.82.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CP analysts setting a high price target of $166.10 and a low target of $106.54, the average target price over the next 12 months is $120.44. Based on these targets, CP could surge 115.83% to reach the target high and rise by 38.44% to reach the target low. Reaching the average price target will result in a growth of 56.5% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
