Canadian Pacific Kansas City Limited (NYSE:CP) traded at $78.43 at close of the session on Tuesday, April 30, made a downward move of -2.99% on its previous day’s price.
Looking at the stock we see that its previous close was $80.85 . The company has a trailing 12-month PE ratio of 25.32. In terms of its 52-week price range, CP has a high of $91.58 and a low of $68.92. The company’s stock has lost about -10.76% over that past 30 days.
Canadian Pacific Kansas City Limited has a market cap of $73.15 billion. With its Forward Dividend at 0.57 and a yield of 0.72%, the company’s investors could be anxious for the CP stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.71, with the EPS growth for the year raised at $3.14 for 2024 and $3.74 for next year. These figures represent 11.70% and 19.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.6 billion, with a low of $2.46 billion and a high of $2.7 billion. The median projection represents growth squeezing down to 7.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $10.79 billion, or 17.60% up from figures reported last year.
There have been 1 upward and — downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CP stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note that the PEG ratio for the CP stock currently stands at 1.89, and the current price level is -8.29% off its SMA20 and -9.74% from its 50-day simple moving average. The RSI (14) is pointing at 28.54 while the volatility over the past week is 3.19% and jumps to 2.15% over the past one month. The beta value is 0.95, while the average true range (ATR) is currently pointing at 1.95.
Coming back to Canadian Pacific Kansas City Limited (NYSE:CP), we note that the average 3-month trading volume was 2.05 million. Current shares outstanding are 932.71 million.
The insiders hold 0.02% of the company’s shares while institutions hold 75.22%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -0.80% down in year-to-date price movement.
