Raymond James keeps CAD 144.00 target for Canadian Pacific Kansas City stock

Raymond James Financial reiterated a CAD 144.00 price target and an Outperform rating for Canadian Pacific Kansas City on October 19, 2026, as reported by MarketBeat. At Lang & Schwarz, the stock was trading at EUR 81.47 on October 27, 2026 at 5:07 p.m. CET.

Target leaves room above Toronto price

The Canadian-listed shares last traded at CAD 127.40 on October 27, 2026, up 1.18 percent from the previous close. Against that price, Raymond James's CAD 144.00 target implies 13.03 percent upside. The target is therefore the clearest near-term valuation reference for investors following the railroad.

The analyst action came shortly before the company's next scheduled earnings release. MarketBeat reported that Canadian Pacific Kansas City is expected to publish third-quarter 2026 results after the market close on October 28, 2026.

Second-quarter growth sets the benchmark

The latest reported operating picture was stronger on revenue than on reported earnings. According to Canadian Pacific Kansas City, second-quarter 2026 revenue rose 13.00 percent year over year to CAD 4.164 billion. Reported operating income increased 10.00 percent to CAD 1.472 billion, while diluted earnings per share fell 14.00 percent to CAD 1.15.

The adjusted figures were more resilient. Core adjusted operating income rose 10.00 percent to CAD 1.601 billion, and core adjusted diluted earnings per share increased 13.00 percent to CAD 1.27. The reported operating ratio was 64.60 percent, compared with a core adjusted operating ratio of 61.60 percent.

How close is the next valuation test?

Canadian Pacific Kansas City trades at a price-to-earnings ratio of 27.10 in its U.S. listing, with a market capitalization of USD 79.8 billion. Its 52-week range is USD 68.42 to USD 96.90, placing the latest USD 90.73 quote 6.37 percent below the high. The Toronto quote and the U.S. quote represent the company's two principal listed markets, while the euro price provides the German investor view.

The October 28, 2026 results date gives investors the next concrete checkpoint. Management's second-quarter revenue growth of 13.00 percent and the CAD 144.00 Raymond James target leave the coming report with two measurable reference points: operating momentum and valuation expectations.

Stock position and next date

Canadian Pacific Kansas City combines a 20,000-route-mile North American rail network with current revenue growth and a scheduled quarterly update. The next report is due after the market close on October 28, 2026, one day after this market report.

Canadian Pacific Kansas City stock was trading at EUR 81.47 at Lang & Schwarz on October 27, 2026 at 5:07 p.m. CET.

The further course of trading is shown by the continuously updated real-time quote of Canadian Pacific Kansas City stock.

Market context: Market report S&P/TSX Composite.

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