Latest news for Canadian Pacific Kansas (NYSE:CP) Stock

Canadian Pacific Kansas

Canadian Pacific Railway

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.

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Canadian Pacific Kansas City&#39;s (NYSE: CP) operations are being boosted by its robust operational efficiency and cost-cutting initiatives. Shareholder-friendly actions bode well for the company. High fuel costs and weak liquidity are major concerns.

Here&#39;s Why Investors Should Retain Canadian Pacific KC Stock

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Bill Ackman could be pivoting from a closed-end fund IPO to potentially launching a Pershing Square ETF, aiming for increased accessibility, liquidity, and cost efficiency for investors.

Bill Ackman Weighs Pivot To ETF After Abandoning Closed-End Fund IPO: Report

Railway Ready

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Railway strike could impact sectors relying on goods from CNR and CP. Auto, timber, and grain companies in jeopardy?

2 Railway Strikes, 3 US Sectors In Trouble: $277B In Goods At Stake As Canadian Unions Call For New Contracts

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Guidance

Canadian Pacific Kansas City Sees 2024 Capital Expenditures CAD$2.75 Billion; Sees 2024 Double-Digit Core Adjusted Combined Diluted EPS Growth

Canadian Pacific Kansas City&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cp#NYSE">CP</a>) operations are being boosted by its robust operational efficiency and cost-cutting initiatives. Shareholder-friendly actions bode well for the company. High fuel costs and weak liquidity are major concerns.
<h2>Factors Favoring CP</h2>
Canadian Pacific&#39;s operational efficiency is commendable, as evidenced by the company&#39;s robust performance in the second quarter of 2024. The average terminal dwell decreased by 9%, highlighting improved processing and handling operations. The network&#39;s fluidity is demonstrated by a 6% increase in average train speed. Locomotive productivity rose by 10%, while fuel efficiency saw a 2% enhancement, reflecting CP&#39;s strong commitment to both operational excellence and sustainability.
The company is benefiting from its proactive cost-cutting initiatives. Labor costs, comprising 26.2% of the overall operating expenses, decreased by 7% year over year in the second quarter of 2024 to $612 million.
CP&#39;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 a proactive approach to rewarding shareholders is underscored. In the second quarter of 2024, the company paid out a quarterly dividend of 19 cents per share to its shareholders.
Shares of Canadian Pacific have rallied 4.4% year to date compared with its industry&#39;s growth of 0.7% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/29/75939.jpg?v=1074792652" /> 
Image Source: Zacks Investment Research
<h3>Key Risks Faced by CP</h3>
High fuel costs are a worry.In the second quarter of 2024, fuel costs rose by 17% year over year.&nbsp;
Canadian Pacific exited the June end quarter with $557 million in cash and cash equivalents while carrying a current debt load of $3.67 billion. This discrepancy suggests that the company does not have enough cash to meet its short-term obligations.
CP&#39;s current ratio (a measure of liquidity) at the end of the second quarter of 2024 was 0.51. A current ratio of less than 1 indicates that the company is likely to struggle to meet its short-term obligations.
<h3>CP&#39;s Zacks Rank</h3>
Canadian Pacific currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation&nbsp;sector include C.H. Robinson Worldwide&nbsp;and Westinghouse Air Brake Technologies.
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The 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 9.9% in the past year.
WAB holds a Zacks Rank #2 (Buy) at present andhas an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 11.8%. Shares of WAB have climbed 46.2% in the past year.
<a href="https://www.zacks.com/stock/news/2329003/here-s-why-investors-should-retain-canadian-pacific-kc-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2329003">To read this article on Zacks.com click here.</a>

Here's Why Investors Should Retain Canadian Pacific KC Stock

Bill Ackman, <a href="https://www.benzinga.com/topic/bill-ackman">the visionary leader </a>of Pershing Square Capital Management, is making headlines in the financial world with a potential strategic shift from a U.S. closed-end fund IPO to the potential launch of <a href="https://www.benzinga.com/topic/pershing-square">a Pershing Square</a> Exchange-Traded Fund (ETF).
The development was <a href="https://www.msn.com/en-gb/money/other/ackman-may-launch-pershing-square-etf/vi-AA1psU4Q?ocid=socialshare">reported</a> by Bloomberg&#8217;s Eric Balchunas and Katie Greifeld, who detailed Ackman&#8217;s potential shift from a closed-end fund IPO to launching a Pershing Square ETF.
This move comes on the heels of his decision to <a href="https://www.benzinga.com/news/24/07/40082441/bill-ackman-hits-pause-on-pershing-square-ipo-after-investors-hesitate">pull the planned IPO</a>, a shift that could redefine how investors access his high-profile investment strategies.
<h2 class="wp-block-heading">From Closed-End Fund To ETF: What's Behind The Shift?</h2>
Ackman had initially set the stage for a closed-end fund, a traditional investment vehicle known for its potential to trade at significant premiums or discounts to its net asset value (NAV). 
However, considering the current volatility in the IPO market and shifting investor preferences, Ackman is reportedly exploring a more flexible and accessible ETF structure.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/08/40147389/bill-ackmans-pershing-square-sinks-4-7-in-july-dashing-2024-gains">Bill Ackman&#8217;s Pershing Square Sinks 4.7% In July, Dashing 2024 Gains</a>
<h2 class="wp-block-heading">Why An ETF Might Be The Game-Changer</h2>
<ol>
<li>Increased Accessibility and Liquidity: Unlike closed-end funds, ETFs are traded throughout the day like stocks and typically trade close to their NAV due to an in-built arbitrage mechanism. This could attract a broader range of investors, from retail to institutional, enhancing liquidity and transparency.</li>
<li>Cost and Tax Efficiency: ETFs generally boast lower fees and greater tax efficiency compared to closed-end funds. This could be a significant draw for investors looking to benefit from Ackman's investment prowess without the higher costs associated with traditional closed-end funds.</li>
<li>Modern Investment Trends: The ETF market has surged in recent years, driven by demand for liquid, cost-effective, and transparent investment options. Ackman's potential ETF could tap into this trend, aligning Pershing Square with the preferences of today's investors.</li>
</ol>
<h2 class="wp-block-heading">Implications For Investors</h2>
For investors, the prospect of a Pershing Square ETF presents an exciting opportunity to gain exposure to Ackman's concentrated investment strategies.
As of the second quarter this year, Ackman&#8217;s Pershing Square Capital hedge fund was focused on 10 holdings, <a href="https://whalewisdom.com/filer/pershing-square-capital-management-l-p">including</a>:
<ul>
<li>Hilton Worldwide Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) &#8211; 18.50%</li>
<li>Chipotle Mexican Grill, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) &#8211; 20.10%</li>
<li>Restaurant Brands International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) &#8211; 16.65%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) &#8211; 13.11%</li>
<li>Canadian Pacific Railway Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) &#8211; 11.16%</li>
<li>Howard Hughes Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HHH#NYSE">HHH</a>) &#8211; 11.13%</li>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) &#8211; 6.88%</li>
<li>Brookfield Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>) &#8211; 2.70%</li>
<li>Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) &#8211; 2.17%</li>
<li>Seaport Entertainment Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEG#NYSE">SEG</a>) &#8211; 0.62%</li>
</ul>
An ETF could surely offer diversification, tax advantages, and access to a high-profile manager's stock picks. However, potential investors should weigh these benefits against the inherent risks of actively managed funds.
As the ETF market continues to grow, Ackman's potential shift to this vehicle could position Pershing Square at the forefront of modern investing trends.
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Image created using artificial intelligence via Midjourney.

CPKC will fully comply with the CIRB order. As such, CPKC is ending the lockout initiated on&nbsp;Thursday, Aug. 22. CPKC has asked the TCRC for employees to return to work for the day shift on Sunday so that we can get the Canadian economy moving again as quickly as possible and avoid further disruption to supply chains.

Reported Sunday, Canadian Pacific Kansas City Set To Restart Rail Services Across Canada As CIRB Mandates End To Lockout And Return To Work For TCRC Employees

Teamsters Union Says CP Workers Not Returning To Work As Railway Has Not Ended The Lockout, Want Assurances On Contract; Teamsters Union Says CN Workers Will Go Back To Work Friday After Railway Ended Lockout On Thursday

Reported Earlier, Canadian Pacific Kansas City's Service Resumption Stalled As Teamsters Contest Minister's Arbitration Order

The Wall Street Journal Reported Canada Orders Final Binding Arbitration in Rail Stoppage to Bring End to Labor Disruption; Freight Rail Operations to Resume 'Forthwith,' Canada Labor Minister Says

Canada&#8217;s railway strike could <a href="https://www.benzinga.com/news/global/24/08/40497103/strikes-at-us-ports-canadas-railways-may-cause-container-freight-rate-volatility">have major impacts </a>on various sectors and companies in the U.S. that rely on goods and commodities from the second-largest company in the world.
Canadian National Railway&nbsp;Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) and Canadian Pacific Kansas City Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) said they locked out their workers and shut their networks in Canada early on Thursday after labor negotiations with the Teamsters Canada Rail Conference failed to result in a new union contract, Reuters reported.
Canada uses railways extensively to export grain, automobiles, potash, coal and other goods that are sold by companies &#8212; about $277 billion worth annually.
Thursday&#8217;s stoppage by these two Canadian railways could prove to be a major shock to U.S. companies and sectors because of the amount of goods and commodities they carry in North America.
Canadian National Railway Company operates 20,000 miles of railroad that spans the entire width of Canada and follows the Mississippi River all the way to the Gulf of Mexico.
The Canadian Pacific Kansas City also runs a 20,000-mile network that covers Canada from east to west but also travels down through the U.S. and into Mexico.
Read Also: <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">Transatlantic Container Shipping Volumes Rise As Possible Strike At U.S. Ports Hovers</a>
Here are some sectors that stand to be hurt by the rail stoppage:
<h2 class="wp-block-heading">Automobile</h2>
The U.S. imported and exported transportation equipment worth about $73 billion respectively in 2023 from Canada, according to the International Trade Administration. Canadian National&#8217;s website said it carries over 2 million finished vehicles a yearon an annual basis and services 12 North American vehicle assembly plants.
Canadian Pacific Kansas City caters to about 90% of automotive assembly plants in Mexico, it said on its website.
Price Action: Major automobile manufacturers had mixed performances into Thursday&#8217;s mid-afternoon trading.
<ul>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) rose 0.69% to $10.93</li>
<li>General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) ticked up 0.05% to $46.58</li>
<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) slipped 1.30% to $16.34</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 3.84% to $214.70 </li>
</ul>
<h2 class="wp-block-heading">Timber</h2>
Canada&#8217;s timber exports totaled $3.5 billion in 2022, according to Canadian government data.
 Pulp producer Mercer International&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) said it was working on contingency plans for alternative transport methods in response to the strike.
Price Action: Major lumber retailers and producers trended downward on Thursday.
<ul>
<li>The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) fell 1.17% to $366.12</li>
<li>Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) declined 0.68% to $240.72</li>
<li>Weyerhaeuser Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) dropped 0.53% to $30.25</li>
<li>West Fraser Timber Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) slipped 0.61% to $80.52</li>
</ul>
<h2 class="wp-block-heading">Grains And Agricultural Products</h2>
Nearly three dozen North American&nbsp;agricultural groups have warned that a simultaneous stoppage would be very severe on bulk commodity exporters in both Canada and the United States.
Price Action: Major manufacturers of grains and agricultural products saw losses on Thursday.
<ul>
<li>Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) declined 0.60% to $62.93</li>
<li>The Mosaic Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>) dipped 0.29% to $27.84</li>
<li>AGCO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>) slid 0.32% to $89.19</li>
</ul>
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</ul>

Canadian Pacific Kansas City has locked out employees who are members of the Teamsters Canada Rail Conference (TCRC) &ndash; Train and Engine (T&amp;E) division effective&nbsp;00:01 Eastern Time&nbsp;on&nbsp;Aug. 22.
That will be followed by the lock out of employees who are members of the&nbsp;TCRC &ndash; Rail Traffic Controller (RCTC) division effective&nbsp;00:01 Mountain Time&nbsp;on&nbsp;Aug. 22.

Canadian Pacific Kansas City Enforces Lockout Of Teamsters Canada Rail Conference Members, Halting Canadian Rail Network Operations

Canadian Pacific Kansas City (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CP#TSX">CP</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) (CPKC) today said it will issue notice to the Teamsters Canada Rail Conference (TCRC) – Train and Engine (T&amp;E) division and TCRC - Rail Traffic Controller (RCTC) division of its plan to lock out employees at 00:01 ET on Aug. 22 if union leadership and the company are unable to come to a negotiated settlement or agree to binding interest arbitration. CPKC is committed to continuing good faith negotiation throughout.
The decision to issue a lockout notice comes after the Canada Industrial Relations Board (CIRB) on Friday issued its decision determining that no services need to be maintained during a railway strike or lockout in order to protect Canadian public health and safety. The CIRB also ordered a 13-day extension of the cooling off period which ends on Aug. 22. Following the expiration of the cooling off period, a legal strike or lockout involving the TCRC – T&amp;E or TCRC - RCTC&nbsp;could occur.

Management

TSX:CP

Canadian Pacific Kansas City Issues Notice To The TCRC – T&E Division And TCRC - RCTC Division Of Its Plan To Lock Out Employees On Aug. 22 If Union Leadership And The Company Are Unable To Come To A Negotiated Settlement Or Agree To Binding Interest Arbitration

WIIM

Shares of rail stocks are trading lower amid concerns over a US economic slowdown.

Susquehanna analyst Bascome Majors maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Neutral and maintains $80 price target.

Price Target

Susquehanna Maintains Neutral on Canadian Pacific Kansas, Maintains $80 Price Target

RBC Capital analyst Walter Spracklin reiterates Canadian Pacific Kansas (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CP#TSX">CP</a>) with a Outperform and maintains C$133 price target.

Reiteration

RBC Capital Reiterates Outperform on Canadian Pacific Kansas, Maintains C$133 Price Target

Earnings Beats

Canadian Pacific Kansas Q2 2024 Adj EPS C$1.05, Sales C$3.600B

Stifel analyst Benjamin Nolan maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Hold and raises the price target from $82 to $83.

Stifel Maintains Hold on Canadian Pacific Kansas, Raises Price Target to $83

Barclays analyst Brandon Oglenski maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Overweight and lowers the price target from $96 to $95.

Barclays Maintains Overweight on Canadian Pacific Kansas, Lowers Price Target to $95

Bernstein analyst David Vernon maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Market Perform and raises the price target from $88.5 to $89.06.

Bernstein Maintains Market Perform on Canadian Pacific Kansas, Raises Price Target to $89.06

Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) has outperformed the market over the past 15 years by 4.04% on an annualized basis producing an average annual return of 16.56%. Currently, Canadian Pacific Kansas has a market capitalization of $71.50 billion. 
Buying $100 In CP: If an investor had bought $100 of CP stock 15 years ago, it would be worth $979.31 today based on a price of $76.66 for CP at the time of writing.
<h3>Canadian Pacific Kansas's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718137821_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Canadian Pacific Kansas 15 Years Ago Would Be Worth This Much Today

Wells Fargo analyst Christian Wetherbee initiates coverage on Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Overweight rating and announces Price Target of $90.

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