# Canadian Pacific Kansas City Limited (CP)

> Source: Nexqual · https://nexqual.com/CP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Canadian Pacific Kansas City Limited (CP), nexqual.com/CP" · informational, not investment advice.

**Price:** USD 90.62 (+2.86% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 88.1 · day 87.85–91.21 · 52w 68.42–96.9 · market cap $79.7B · NYQ

## Key facts
- 7 of 80 tracked superinvestors hold CP (13F, Q2 2026): 0 new, 2 added, 4 reduced, 1 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (30 analysts), mean target USD 99.35 (range 75.08–106.55).
- Total return with dividends: 1Y +20.1% vs S&P 500 +14.9%; 5Y +23.7% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 1.31, revenue estimate $4.21B.

## Superinvestors (SEC 13F-HR, Q2 2026)
7 of 80 tracked investors hold CP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Chris Hohn | TCI Fund Management | 7.44% | $3.93B | Reduced -2.6% |
| Sarah Ketterer | Causeway Capital Management | 6.30% | $582M | Reduced -23.7% |
| AKO Capital |  | 4.90% | $210M | Reduced -11.7% |
| William Von Mueffling | Cantillon Capital Management | 2.60% | $17.3M | Reduced -95.4% |
| Lindsell Train |  | 0.10% | $2.6M | Unchanged |
| Thomas Gayner | Markel Group | 0.05% | $6.3M | Added +22.7% |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $305K | Added +4.0% |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 30 analysts; mean target USD 99.35 (low 75.08, high 106.55).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | Citigroup | Target lowered | Buy | $109 → $102 |
| 2026-10-02 | Susquehanna | Target lowered | Positive | $106 → $98 |
| 2026-07-30 | Citigroup | Target raised | Buy | $106 → $109 |
| 2026-07-30 | RBC Capital | Target raised | Outperform | $139 → $145 |
| 2026-07-30 | Evercore ISI Group | Target raised | Outperform | $91 → $99 |
| 2026-07-14 | Susquehanna | Target raised | Positive | $104 → $106 |
| 2026-07-09 | Citigroup | Target raised | Buy | $97 → $106 |
| 2026-07-08 | Wells Fargo | Target raised | Overweight | $90 → $100 |
| 2026-06-25 | Barclays | Target raised | Overweight | $99 → $102 |
| 2026-06-25 | CIBC | Target raised | Outperformer | $140 → $143 |
| 2026-06-25 | Evercore ISI Group | Target lowered | Outperform | $92 → $91 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +20.1% | +23.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +20.2% | +4.3% |
| Volatility (annualized) | 22.6% | 22.3% |
| Max drawdown | -13.3% (Aug 2026→Oct 2026) | -21.9% (Mar 2024→Mar 2025) |

## Peers (Railroads)
CNI (Canadian National Railway Compa) USD 124.93 +2.36% · NSC (Norfolk Southern Corporation) USD 338.23 +3.09% · CSX (CSX Corporation) USD 51.67 +6.76% · WAB (Westinghouse Air Brake Technolo) USD 276.47 -4.32% · UNP (Union Pacific Corporation) USD 298.09 +3.55% · TRN (Trinity Industries, Inc.) USD 25.82 +2.34%

## More
Full page: https://nexqual.com/CP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Freight | $4.09B | 98.2% | +12.6% |
| — Grain Revenue (part of Freight) | $925.0M | 22.2% | +24.5% |
| — Energy Chemicalsand Plastic Revenue (part of Freight) | $777.0M | 18.7% | +9.1% |
| — Intermodal (part of Freight) | $758.0M | 18.2% | +10.8% |
| — Metals Mineralsand Consumer Products Revenue (part of Freight) | $524.0M | 12.6% | +18.0% |
| — Automotive (part of Freight) | $403.0M | 9.7% | +22.1% |
| — Coal Revenue (part of Freight) | $209.0M | 5.0% | -18.4% |
| — Forest Products Revenue (part of Freight) | $198.0M | 4.8% | +1.5% |
| — Potash Revenue (part of Freight) | $184.0M | 4.4% | +10.2% |
| — Fertilizerand Sulphur Revenue (part of Freight) | $110.0M | 2.6% | +12.2% |
| Non-freight | $76.0M | 1.8% | +8.6% |
| Nonfreightexcludingleasingrevenues | $49.0M | 1.2% | +11.4% |
| Total revenue | $4.16B | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Canada | $7.24B | 48.0% | +4.4% |
| United States | $5.12B | 34.0% | +2.7% |
| Mexico | $2.71B | 18.0% | +3.4% |
| Total revenue | $15.08B | 100% | — |

## Company outlook (8-K filed 2026-07-29)

- "Performance share unit plans During the six months ended June 30, 2026, the Company issued 629,722 Performance Share Units ("PSUs") with a grant date fair value of $66 million and 20,386 Performance Deferred Share Units ("PDSUs") with a grant date fair value, including the fair value of expected future matching units, of $3 million."
- "Payments are expected to be made over 10 years through 2035."
- "(4) Fuel consumed includes gallons from freight, yard and commuter service but excludes fuel used in capital projects and other non-freight activities."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.31 | $1.33 | -1.4% | $4.21B | 25 |
| Next quarter (ends 2026-12-31) | $1.53 | $1.55 | -1.0% | $4.44B | 21 |
| Current fiscal year (ends 2026-12-31) | $5.15 | $5.15 | +0.1% | $16.48B | 28 |
| Next fiscal year (ends 2027-12-31) | $5.96 | $5.94 | +0.3% | $17.48B | 28 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-28): ±5.2%; last 8 reports averaged ±2.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 22.8% | ±5.2% |
| 2026-12-18 | 56 | 21.2% | ±6.7% |
| 2027-01-15 | 84 | 20.0% | ±7.8% |
| 2027-03-19 | 147 | 23.4% | ±11.9% |
| 2027-05-21 | 210 | 22.4% | ±13.6% |
| 2027-06-17 | 237 | 22.8% | ±14.7% |