Canadian Pacific Kansas City Limited (NYSE:CP) traded with an addition of $0.03 to close at $74.67on Friday, an upside of 0.04 percent. An average of 1,689,761 shares of common stock have been traded in the last five days. There was a fall of -$1.83 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,692,880 shares traded, while the 50-day average volume stands at 1,934,572.
CP stock has decreased by -6.81% in the last month. The company shares reached their 1-month lowest point of $72.96 on 09/27/23. With the stock rallying to its 52-week high on 07/28/23, shares of the company touched a low of $65.17 and a high of $85.40 in 52 weeks. It has reached a new high 15 times so far this year and achieved 0.11% or $0.05 in price. In spite of this, the price is down -12.56% from the 52-week high.
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Valuation Metrics
Canadian Pacific Kansas City Limited (CP) has a trailing price-to-earnings (P/E) ratio of 21.81, which compares with the N/A for the broader industry. The stock’s beta is 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.12, the price-to-book (PB) ratio at 2.30, and the price-to-cash flow ratio at 36.95.
The company has a payout ratio of 20.10%. The company’s most recent quarterly dividend payment was $0.1437 a share, representing a up of 1.91% from $0.1410 last year. Its latest increase dividend $0.0027 reported on Thursday July 27 2023.
Financial Health
The quick ratio of Canadian Pacific Kansas City Limited for the three months ended June 29 was 0.58, and the current ratio was 0.67, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.58 for the quarter ending June 29. Its gross profit as reported stood at $4.53 billion compared to revenue of $6.78 billion.
Earnings Surprise
For the three-month period that ended June 29, Canadian Pacific Kansas City Limited had $16.36 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.01 billion in the quarter, while revenues of $612.8 million were grew 42.22%. The analyst consensus anticipated Canadian Pacific Kansas City Limited’s latest quarter earnings to come in at $0.7 per share, but it turned out to be $0.61, a -12.90% surprise. For the quarter, EBITDA amounted to $1.01 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Canadian Pacific Kansas City Limited (CP) price momentum. RSI 9-day as of the close on 28 September was 32.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.17%.
As of today, CP’s price is $74.91 -2.39% or -$1.83 from its 5-day moving average. CP is currently trading -5.97% lower than its 20-day SMA and -7.87% lower than its 100-day SMA. However, the stock’s current price level is -7.30% below the SMA50 and -5.99% below the SMA200.
The stochastic %K and %D were 19.71% and 14.81%, respectively, and the average true range (ATR) was 1.59. With the 14-day stochastic at 23.05% and the average true range at 1.54, the RSI (14) stands at 35.54%. The stock has reached -1.62 on the 9-day MACD Oscillator while the 14-day reading was at -2.66.
Analyst Ratings
The consensus rating for Canadian Pacific Kansas City Limited (CP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CP, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 21 others rate it as a “buy”.
What is CP’s price target for the next 12 months?
Analysts predict a range of price targets between $104.55 and $164.11, with a median target of $120.00. Taking a look at these predictions, the average price target given by analysts for Canadian Pacific Kansas City Limited (CP) stock is $123.64.
