A share price of Canadian Pacific Kansas City Limited [CP] is currently trading at $88.08, down -1.30%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CP shares have gain 0.63% over the last week, with a monthly amount drifted -1.75%, and not seem to be holding up well over a long-time horizon.
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On 3, April 2024, CPKC to report first-quarter 2024 earnings results on April 24, 2024. In a post published today on Yahoo Finance, Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) will release its first-quarter 2024 financial and operating results after the market close on April 24, 2024.
From an analyst’s perspective:
Canadian Pacific Kansas City Limited [NYSE: CP] stock has seen the most recent analyst activity on April 08, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $105. Previously, Scotiabank downgraded its rating to Sector Perform on March 25, 2024. On January 08, 2024, downgrade downgraded it’s rating to Hold. Susquehanna downgraded its rating to a Neutral. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $77 on November 27, 2023. Raymond James upgraded its rating to Outperform for this stock on October 26, 2023.
Canadian Pacific Kansas City Limited experienced fluctuations in its stock price throughout the past year between $68.92 and $91.58. Currently, Wall Street analysts expect the stock to reach $87.07 within the next 12 months. Canadian Pacific Kansas City Limited [NYSE: CP] shares were valued at $88.08 at the most recent close of the market. An investor can expect a potential drop of -1.15% based on the average CP price forecast.
Analyzing the CP fundamentals
Trailing Twelve Months sales for Canadian Pacific Kansas City Limited [NYSE:CP] were 9.30B which represents 52.88% growth. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 87.22 points at the first support level, and at 86.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.80, and for the 2nd resistance point, it is at 89.52.
Canadian Pacific Kansas City Limited [CP] reported earnings per share of $0.87 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.82/share, meaning a difference of $0.05 and a surprise factor of 6.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.69 per share as compared to estimates of $0.68 per share, a difference of $0.01 representing a surprise of 1.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canadian Pacific Kansas City Limited [NYSE:CP] is 0.53. Also, the Quick Ratio is 0.46, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 8.83, the price to book ratio is 2.61 and price to earnings (TTM) ratio is 28.26.
