ATB Cormack raises target for Canadian Pacific Kansas City stock

Published on 10/16/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ATB Cormack lifted its target to C$146.00 on October 15, 2026. Canadian Pacific Kansas City stock costs EUR 77.44 on October 16, 2026.

Railway catalyst and operating context

ATB Cormack raised its target to C$146.00 on October 15, 2026.
Second-quarter revenue rose 13.00 percent to CAD 4.164 billion.
Canadian Pacific Kansas City stock trades at EUR 77.44 at 9:12 a.m. CEST at Lang & Schwarz on October 16, 2026.

CP, CA13646K1084, Illustration mit AI erstellt.

Canadian Pacific Kansas City stock was trading at EUR 77.44 at Lang & Schwarz on October 16, 2026 at 9:12 a.m. CEST. On October 15, 2026, ATB Cormack raised its target from C$143.00 to C$146.00 and kept an Outperform rating, according to MarketBeat. The move gives investors a fresh valuation reference before the next quarterly report.

What does the target change mean?

The revised target sits alongside CPKC's latest operating picture. In the second quarter of 2026, total revenue rose 13.00 percent year over year to CAD 4.164 billion, while reported operating income increased 10.00 percent to CAD 1.472 billion, according to Canadian Pacific Kansas City. Reported diluted earnings per share fell 14.00 percent to CAD 1.15, whereas core adjusted diluted earnings per share rose 13.00 percent to CAD 1.27.

The contrast matters because revenue growth has not translated evenly into reported earnings. The operating ratio was 64.60 percent in the second quarter, and the core adjusted operating ratio was 61.60 percent, both up 90 basis points from the year-earlier period, according to the company.

Three dated developments

On September 28, 2026, CPKC announced a C$1.8 billion debt offering. On October 13, 2026, the company announced a Holiday Train program covering 182 communities across Canada and the United States, as reported by FT.com. On October 15, 2026, ATB Cormack lifted its target from C$143.00 to C$146.00.

Two dates shape the next phase

CPKC is scheduled to release third-quarter 2026 results after the market close on October 28, 2026, with a conference call at 4:30 p.m. ET, according to Yahoo Finance Canada. The Holiday Train is scheduled to begin its 32-day journey on November 19, 2026, with the first stop in Montreal.

Price stays tied to the next report

The market question is whether higher freight activity can improve the earnings conversion shown in the second-quarter figures. The upcoming report will provide the next quantified test of revenue growth, operating efficiency and adjusted earnings.

Canadian Pacific Kansas City was trading at EUR 77.44 at Lang & Schwarz on October 16, 2026 at 9:12 a.m. CEST. A dated Xetra closing value for the reference comparison was not established, so no daily percentage is stated. The further course of trading is shown by the continuously updated real-time quote of Canadian Pacific Kansas City stock.