Canadian Pacific Railway Limited (CP): What Technical Indicators Show

Canadian Pacific Railway Limited (NYSE:CP) saw a downside of -0.84% to close Monday at $68.63 after subtracting -$0.58 on the day. The 5-day average trading volume is 3,580,440 shares of the company’s common stock. It has gained $69.50 in the past week. An average of 5,552,025 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,335,472.

CP’s 1-month performance is 0.13% or $0.09 on its low of $64.37 reached on 09/22/21. The company’s shares have touched a 52-week low of $58.79 and high of $83.07, with the stock’s rally to the 52-week high happening on 05/24/21. YTD, CP has lost -1.02% or -$0.71. However, the current price is down -17.38%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 28.53 and a low of 13.04. CP stock has a beta of 0.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.17 while the price-to-book (PB) in the most recent quarter is 5.10, with the price to cash flow ratio at 28.77.

Canadian Pacific Railway Limited pays an annual dividend of $0.60 per share. Its dividend yield is 0.87% and the payout ratio is 15.70%. CP paid $0.1512 a share compared with prior rate of $0.7565, down -400.33% from last year’s. The company latest dividend decrease of $0.6053 reported on Thursday July 29 2021. Measured over the last 3 years, the Dividend has been growing by 55.62% yearly.

It is projected that Canadian Pacific Railway Limited’s next ex-dividend date will be on 30-Dec. CP is expected to distribute $0.19 as its next dividend.

Canadian Pacific Railway Limited’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.70 meaning that CP stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.88, while the total debt to equity was 0.97. In terms of profitability, the gross margin trailing 12 months is 87.90%. The trailing 12-month EBITDA margin is 53.05% while for the period ending June 29; Canadian Pacific Railway Limited’s operating margin was 49.90%. The firm’s gross profit as reported stood at $4.32 billion against revenue of $5.76 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CP to announce $0.8 per share in earnings in its latest quarter, but it posted $0.81, representing a 1.30% surprise. EBITDA for the quarter stood at more than $835.41 million. CP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.81 billion, with total debt at $9.03 billion. Shareholders hold equity totaling $666.85 million

Technical Picture

Let’s look briefly at Canadian Pacific Railway Limited (CP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 58.74% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.59%.

The stock’s 5-day moving average is $68.30, reflecting a +3.31% or $2.20 change from its current price. CP is currently trading +0.12% above its 20-day SMA, -12.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -7.66% and +0.60% respectively.

Stochastic %K and %D was 85.98% and 83.65% and the average true range (ATR) pointed at 1.55. The RSI (14) points at 52.72%, while the 14-day stochastic is at 83.04% with the period’s ATR at 1.59. The stock’s 9-day MACD Oscillator is pointing at 1.43 and 1.93 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Canadian Pacific Railway Limited (NYSE: CP), Argus downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for CP stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CP as a “sell,”, while 9 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 1 rates the stock as overweight while 15 have offered a “buy” rating.

What is CP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $90.50 and a high of $112.02, with their median price target at $101.16. Looking at these predictions, the average price target given by analysts is for Canadian Pacific Railway Limited (CP) stock is $101.43.

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