27-Mar-2024
U.S. weekly rail traffic rises 2.1% year-over-year
Seeking Alpha News (Wed, 27-Mar 1:08 PM ET)
CPKC announces filing of proxy circular and annual general meeting
PRNewswire (Thu, 21-Mar 5:20 PM ET)
CPKC announces departure of Executive Vice President and Chief Transformation Officer
PRNewswire (Wed, 20-Mar 7:00 AM ET)
CPKC celebrates historic opening of CPKC Stadium
PRNewswire (Sat, 16-Mar 1:15 PM ET)
PRNewswire (Thu, 29-Feb 11:00 AM ET)
CPKC announces filing of 2023 annual report on Form 10-K
PRNewswire (Tue, 27-Feb 1:07 PM ET)
Americold Announces Plans for First Cold Storage Facility on CPKC Rail Network in Missouri
Globe Newswire (Thu, 22-Feb 4:05 PM ET)
PRNewswire (Wed, 21-Feb 11:00 AM ET)
CPKC and TCRC labour negotiations update
PRNewswire (Fri, 16-Feb 5:00 PM ET)
CPKC commits $1.5 million to support American Heart Association
PRNewswire (Wed, 14-Feb 10:00 AM ET)
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 March 27, 2024, CP stock price climbed to $88.46 with 1,032,881 million shares trading.
CP has a beta of 0.93, meaning it tends to be less sensitive to market movements. CP has a correlation of 0.25 to the broad based SPY ETF.
CP has a market cap of $82.42 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, GSIE, NETZ.
CP has underperformed the market in the last year with a price return of +18.5% while the SPY ETF gained +33.9%. However, in the short term, CP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.5% vs +10.3% return in SPY. But in the last 2 weeks, CP shares have been beat by the market, returning -2.4% compared to an SPY return of +1.5%.
CP support price is $86.06 and resistance is $88.18 (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.