Canadian Pacific Kansas City stock: ATB Cormack raises target from CAD 143.00 to CAD 146.00

Published on 10/21/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 13.00 percent to CAD 4.16 billion. Canadian Pacific Kansas City stock costs EUR 78.21 on October 21, 2026.

Target, earnings and valuation

ATB Cormack raised its target to CAD 146.00 on October 15, 2026.
Second-quarter revenue rose 13.00 percent to CAD 4.16 billion.
Canadian Pacific Kansas City stock costs EUR 78.21 at Lang & Schwarz on October 21, 2026 at 4:32 p.m. CEST.
Third-quarter 2026 results are scheduled for October 28, 2026.

CP, CA13646K1084, Illustration mit AI erstellt.

ATB Cormack raised its price target for Canadian Pacific Kansas City from CAD 143.00 to CAD 146.00 on October 15, 2026, while maintaining an outperform rating, according to MarketBeat. The target stood 18.10 percent above the Canadian Pacific Kansas City share price of CAD 123.62 on the TSX on October 21, 2026. The stock was trading at EUR 78.21 at Lang & Schwarz on October 21, 2026 at 4:32 p.m. CEST.

Revenue reached CAD 4.16 billion

Canadian Pacific Kansas City reported second-quarter 2026 revenue of CAD 4.164 billion, up 13.00 percent from the year-earlier period. Operating income rose 10.00 percent to CAD 1.472 billion, while reported diluted earnings per share fell 14.00 percent to CAD 1.15. Core adjusted diluted earnings per share increased 13.00 percent to CAD 1.27, according to the company's investor-relations page.

The figures show a mixed quarter rather than a single earnings signal. Revenue and adjusted earnings advanced by double-digit percentages, while reported diluted earnings per share moved in the opposite direction. The company identified the latest quarterly results as its Q2 2026 reporting period.

Stock sits below its yearly high

On the TSX, Canadian Pacific Kansas City traded at CAD 123.62 on October 21, 2026, against a 52-week range of CAD 96.50 to CAD 133.38. The price was 7.32 percent below the high and 28.10 percent above the low. Trading volume stood at 92,163 shares, and the market capitalization was CAD 108.7 billion.

Its trailing P/E ratio was 26.30. That valuation was below CSX at 27.92 and Norfolk Southern at 27.91 on October 21, 2026, while Canadian Pacific Kansas City's market capitalization remained higher than both peers at CAD 108.7 billion versus USD 89.5 billion for CSX and USD 73.6 billion for Norfolk Southern.

Results arrive on October 28

Canadian Pacific Kansas City is scheduled to release third-quarter 2026 results after the market close on October 28, 2026, followed by a conference call at 4:30 p.m. ET. The date and call time were reported by Financial Times in a company announcement.

Analyst target sets the valuation frame

ATB Cormack's CAD 146.00 target places the upcoming results against a valuation reference that is 18.10 percent above the TSX price. The next report will provide the next operating comparison after the revenue increase and adjusted earnings growth recorded in the second quarter.

The stock was trading at EUR 78.21 at Lang & Schwarz on October 21, 2026 at 4:32 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Canadian Pacific Kansas City stock.