Fidelity Investments Canada ULC recently announced the acquisition of new stake in Canadian Pacific Kansas City Limited (NYSE:CP). The institutional investor has increased its shareholding in the Industrials company by 1.84% to 25.25 million shares with purchase of 0.46 million shares. This fresh investment now brings its stake to 2.71% valued currently at $1.99 billion. In addition, Capital Research & Management Co raised its holdings by 1.19 million to 24.57 million shares. And 1832 Asset Management LP has lifted its position by 1.78% or 0.41 million shares – to 23.71 million shares.
With over 1.35 million Canadian Pacific Kansas City Limited (CP) shares trading Monday and a closing price of $81.34 on the day, the dollar volume was approximately $109.58 million. The shares have shown a positive half year performance of 4.55% and its price on 05/22/23 lost nearly -1.53%. Currently, there are 930.70M common shares owned by the public and among those 929.94M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 31 analysts who have offered their price forecasts for CP have a consensus price objective of $120.67. The analysts have set the share’s price value over the next 12 months at a high of $166.10 and a low of $106.54. The average price target is 31.24% above its recent price level and an upside to the estimated low will see the stock gain 23.65% over that period. But an upside of 51.03% will see the stock hit the forecast high price target while median target price for the stock is $118.89.
The top 3 mutual fund holders in Canadian Pacific Kansas City Limited are Government Pension Fund – Global, Pershing Square Holdings Ltd., and Vanguard Total International Stoc. Government Pension Fund – Global owns 15.01 million shares of the company’s stock, all valued at over $1.18 billion. The company bought an additional 5.88 million shares recently to bring their total holdings to about 1.61% of the shares outstanding. Vanguard Total International Stoc bought 10372.0 shares to bring its total holdings to over 12.26 million shares at a value of $966.23 million. Vanguard Total International Stoc now owns shares totaling to 1.32% of the shares outstanding.
Shares of Canadian Pacific Kansas City Limited (NYSE: CP) opened at $82.94, up $0.34 from a prior closing price of $82.60. However, the script later moved the day high at 83.17, down -1.53%. The company’s stock has a 5-day price change of -1.92% and 6.01% over the past three months. CP shares are trading 9.05% year to date (YTD), with the 12-month market performance up to 18.45% higher. It has a 12-month low price of $65.17 and touched a high of $83.44 over the same period. CP has an average intraday trading volume of 2.04 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 1.02%, 3.83%, and 5.87% respectively.
Institutional ownership of Canadian Pacific Kansas City Limited (NYSE: CP) shares accounts for 69.50% of the company’s 930.70M shares outstanding. Mutual fund holders own 32.30%, while other institutional holders and individual stakeholders account for 42.37% and — respectively.
It has a market capitalization of $102.35B and a beta (3y monthly) value of 0.82. The stock’s trailing 12-month PE ratio is 20.37, while the earnings-per-share (ttm) stands at $3.99. The company has a PEG of 1.53 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.78% over the week and 2.18% over the month.
Analysts forecast that Canadian Pacific Kansas City Limited (CP) will achieve an EPS of $1.1 for the current quarter, $1.17 for the next quarter and $5.11 for 2024. The lowest estimate earnings-per-share for the quarter is $0.86 while analysts give the company a high EPS estimate of $1.19. Comparatively, EPS for the current quarter was $0.95 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.70%, and 19.15% over the next financial year. EPS should grow at an annualized rate of 13.34% over the next five years, compared to 8.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 31 brokerage firm advisors rate Canadian Pacific Kansas City Limited (CP) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 19 Wall Street analysts polled rate the stock as a buy, while 9 of the 31 advise that investors “hold,” and 0 rated it as a “Sell.”
