CP

Why Is CP Falling Today?

This afternoon we watched Canadian Pacific Kansas City drop -1.5% to a price of $79.93 per share. The Large-Cap Railroads company is now trading -14.53% below its average target price of $93.52. Analysts have set target prices ranging from $76.03 to $125.7 per share for Canadian Pacific Kansas City, and have given the stock an average rating of buy.

The stock has a very low short interest at 1.3%, and a short ratio of 5.98. At 0.03%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 76.6% of Canadian Pacific Kansas City's shares being owned by this investor type.

Institutions Invested in Canadian Pacific Kansas City

Date Reported Holder Percentage Shares Value
2024-06-30 TCI Fund Management Ltd 6% 54,913,285 $4,389,218,886
2024-06-30 Royal Bank of Canada 6% 51,304,563 $4,100,773,736
2024-06-30 Vanguard Group Inc 4% 35,650,247 $2,849,524,253
2024-06-30 WCM Investment Management, LLC 3% 30,289,840 $2,421,066,920
2024-06-30 FMR, LLC 3% 27,782,054 $2,220,619,584
2024-06-30 TD Asset Management, Inc 2% 21,722,035 $1,736,242,264
2024-06-30 Bank of Montreal/Can/ 2% 19,932,768 $1,593,226,152
2024-06-30 Massachusetts Financial Services Co. 2% 17,753,159 $1,419,010,004
2024-06-30 Pershing Square Capital Management, L.P. 2% 14,965,641 $1,196,203,689
2024-06-30 1832 Asset Management L.P. 1% 13,821,347 $1,104,740,269

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Canadian Pacific Kansas City.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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