Canadian Pacific Railway Limited (NYSE:CP) price on Friday, August 27, rose 0.90% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $71.77.
A look at the stock’s price movement, the level at last check in today’s session was $71.13, moving within a range at $70.97 and $71.64. The beta value (5-Year monthly) was 0.70 while the PE ratio in trailing twelve months stood at 14.73. Turning to its 52-week performance, $83.07 and $56.55 were the 52-week high and 52-week low respectively. Overall, CP moved -1.19% over the past month.
Canadian Pacific Railway Limited’s market cap currently stands at around $61.05 billion, with investors looking forward to this quarter’s earnings report slated for Oct 18, 2021 – Oct 22, 2021. The company has a Forward Dividend ratio of 0.60, with its dividend yield at 0.84%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $1.05, which has seen fiscal year 2021 EPS growth forecast to increase to $4.11 and about $4.54 for fiscal year 2022. Per the data, EPS growth is expected to be 46.30% for 2021 and 10.50% for the next financial year.
Analysts have a consensus estimate of $2.13 billion for the company’s revenue for the quarter, with a low and high estimate of $2.07 billion and $2.18 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $8.38 billion, representing a 36.80% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 4 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that CP is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
25 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 9 analyst(s) rate the stock as a Hold, 13 recommend CP as a Buy and 1 give it an Overweight rating. Meanwhile, 2 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 1.44, with CP’s current price about -0.74% and -2.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.08, while 7-day volatility ratio is 1.05% and 1.51% in the 30-day chart. Further, Canadian Pacific Railway Limited (CP) has a beta value of 0.66, and an average true range (ATR) of 1.13. Analysts have given the company’s stock an average 52-week price target of $108.04, forecast between a low of $99.58 and high of $130.84. Looking at the price targets, the low is -38.75% off recent price level in today’s trading while to achieve the yearly target high, it has to move -82.3%. Nonetheless, investors will most likely welcome a -47.29% jump to $105.71 which is the analysts’ median price.
In the market, a comparison of Canadian Pacific Railway Limited (CP) and its peers suggest the former has performed considerably stronger. Data shows CP’s intraday price has changed 0.90% today and 18.79% over the past year. Comparatively, Kansas City Southern (KSU) has moved 0.17% so far today and only 59.52% in the past 12 months. Looking at another peer, we see that Norfolk Southern Corporation (NSC) price has gained 0.81% on the day. However, the stock is 21.81% off its price today a year ago. Moreover, Canadian National Railway Company (CNI) is also up 0.78% in today’s trading while keeping a an uptrend of 2.57% over the past year. If we look at the PE ratio, we find that Canadian Pacific Railway Limited’s ratio stands at 14.73 compared to Kansas City Southern’s 221.36 and Norfolk Southern Corporation’s 24.05. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.77% and 0.63% respectively on the day as seen in early trades.
If we refocus on Canadian Pacific Railway Limited (NYSE:CP), historical trading data shows that trading volumes averaged 2.72 million over the past 10 days and 2.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 666.70 million shares.
The 0.02% of Canadian Pacific Railway Limited’s shares are in the hands of company insiders while institutional holders own 69.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.88 million on Jul 14, 2021, giving us a short ratio of 6.63. The data shows that as of Jul 14, 2021 short interest in Canadian Pacific Railway Limited (CP) stood at 1.78% of shares outstanding, with shares short rising to 10.26 million registered in Jun 14, 2021. Current price change has pushed the stock 2.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CP stock continues to rise going into the next quarter.