CP Stock Summary and Trading Ideas (Canadian Pacific Kansas City Limited Common Shares | NYSE:CP)

Canadian Pacific Kansas City is a Class-1 railroad operating on track that spans across most of Canada and into parts of the Midwestern and Northeastern United States. Following the April 2023 Kansas City Southern merger, CP operates new single-line-haul services from Canada and the Upper Midwest down through Texas, the Gulf of Mexico, and into Mexico. It also hauls cross border and intra Mexico freight via operating concessions on roughly 3,300 miles of rail in Mexico. CP hauls shipments of grain, intermodal containers, energy products (like crude and frac sand), chemicals, plastics, coal, fertilizer and potash, automotive products, and a diverse mix of other merchandise.

Canadian Pacific Kansas City Limited Common Shares trades on the NYSE stock market under the symbol CP.

As of April 19, 2024, CP stock price climbed to $84.68 with 1,556,210 million shares trading.

CP has a beta of 0.92, meaning it tends to be less sensitive to market movements. CP has a correlation of 0.26 to the broad based SPY ETF.

CP has a market cap of $78.90 billion. This is considered a Large Cap stock.

Last quarter Canadian Pacific Kansas City Limited Common Shares reported $3 billion in Revenue and $.87 earnings per share. This beat revenue expectation by $44 million and exceeded earnings estimates by $.03.

In the last 3 years, CP stock traded as high as $91.58 and as low as $64.37.

The top ETF exchange traded funds that CP belongs to (by Net Assets): VT, NFRA, DFAI, NETZ, GSIE.

CP stock has underperformed the market in the last year with a return of +7.0%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CP shares. However, CP has outperformed the market in the last 3 month and 2 week periods, returning +9.8% and -2.6%, while SPY returned +4.3% and -3.5%, respectively. This indicates CP has been having a stronger performance recently.

CP support price is $82.95 and resistance is $84.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CP stock will trade within this expected range on the day.