Here's Why Investors Should Bet on Canadian Pacific Stock Right Now

Zacks10-08

Canadian Pacific Kansas City’s CP bottom line is bolstered by increased operational efficiency. Cost-cutting initiatives and a shareholder-friendly approach bode well for the company. Owing to these ...

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Cost-cutting initiatives and a shareholder-friendly approach bode well for the company. Owing to these ...</p>\n\n<a href=\"https://finance.yahoo.com/news/heres-why-investors-bet-canadian-144400393.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1571399168.USD","symbol_name":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/heres-why-investors-bet-canadian-144400393.html","article_id":"2474761408","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/PC2IwFIOh4eGtcPbiWz.4A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/eb2ba25a529ae5646924fc1cbaf22792"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474761408","pubTimestamp":1728398640,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Canadian Pacific Kansas City’s CP bottom line is bolstered by increased operational efficiency. Cost-cutting initiatives and ashareholder-friendly approach bode well for the company. Owing to these tailwinds, CP shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Robust Price Performance: A look at the company’s price trend reveals that its shares have risen 2.7% year to date, surpassing theindustry’s 1.7% decline.Northward Estimate Revisions: The Zacks Consensus Estimate for earnings per share has been revised upward by 0.3% over the past 60 days for the current year. For the upcoming year, the consensus mark for earnings per share has moved 0.3% north in the same time frame. The favorable estimate revisions indicate brokers’ confidence in the stock.Some other top-ranked stocks for investors’ consideration in the Zacks Transportation sector include C.H. Robinson Worldwide CHRW and Westinghouse Air Br","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","BK4016":"铁路","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","CP":"加拿大太平洋铁路","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4211":"区域性银行","BK4149":"建筑机械与重型卡车","LU1923622291.USD":"Natixis Thematics Safety R/A USD","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","BK4588":"碎股","WAB":"美国西屋制动","BK4131":"航空货运与物流","CHRW":"罗宾逊物流","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","ISBC":"投资者银行","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD"},"translate_title":"这就是为什么投资者现在应该押注加拿大太平洋股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WAB":1,"ISBC":1,"CP":1,"CHRW":0.9},"content_text":"Canadian Pacific Kansas City’s CP bottom line is bolstered by increased operational efficiency. Cost-cutting initiatives and a shareholder-friendly approach bode well for the company. Owing to these tailwinds, CP shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it’s time to do so.\nLet’s delve deeper.\nFactors Favoring CP Stock\nRobust Price Performance: A look at the company’s price trend reveals that its shares have risen 2.7% year to date, surpassing the industry’s 1.7% decline.\nImage Source: Zacks Investment Research\nNorthward Estimate Revisions: The Zacks Consensus Estimate for earnings per share has been revised upward by 0.3% over the past 60 days for the current year. For the upcoming year, the consensus mark for earnings per share has moved 0.3% north in the same time frame. The favorable estimate revisions indicate brokers’ confidence in the stock.\nPositive Earnings Surprise History: Canadian Pacific has an encouraging earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 2.2%.\nSolid Zacks Rank: CP currently carries a Zacks Rank #2 (Buy).\nBullish Industry Rank: The industry to which Canadian Pacific belongs currently has a Zacks Industry Rank of 51 (out of 251). Such a favorable rank places it in the Top 20% of Zacks Industries.Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to.\nA mediocre stock within a strong group is likely to outclass a robust stock in a weak industry. Reckoning the industry’s performance becomes imperative.\nGrowth Drivers: Canadian Pacific's proactive cost-cutting initiatives are commendable, resulting in robust operational efficiency in the second quarter of 2024. The company achieved a 9% decrease in average terminal dwell time and a 6% increase in average train speed, demonstrating improved processing and network fluidity.\nMoreover, In the same period, locomotive productivity rose by 10%, while fuel efficiency enhanced by 2%, highlighting CP's commitment to operational excellence and sustainability. Labor costs, comprising 26.2% of total operating expenses, also fell by 7% year over year to $612 million, contributing to the company's strong performance.\nCP’s commitment to reward its shareholders through dividends amid uncertainties reflects its financial confidence. With dividend payouts increasing from C$507 million in 2021 to C$707 million in 2022 and 2023, its financial growth and proactive approach to rewarding shareholders are underscored. In the second quarter of 2024, the company paid out a quarterly dividend of 19 cents per share to its shareholders.\nOther Stocks to Consider\nSome other top-ranked stocks for investors’ consideration in the Zacks Transportation sector include C.H. Robinson Worldwide CHRW and Westinghouse Air Brake Technologies WAB.\nC.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.  CHRW has an expected earnings growth rate of 25.2% for the current year.\nThe company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 23.6% in the past year.WAB carries a Zacks Rank #2 at present and has an expected earnings growth rate of 26% for the current year.\nThe company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 11.8%. Shares of WAB have surged 76.1% in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nC.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report\nCanadian Pacific Kansas City Limited (CP) : Free Stock Analysis Report\nWestinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474761408"}