Bank of Nova Scotia Adds $60M in Canadian Pacific Kansas City Limited ($CP)
Key Points
- Bank of Nova Scotia changed its Canadian Pacific Kansas City Limited ($CP) stake by 42.4% last quarter, boosting to 2,242,557 shares worth $200.28 million.
- Wall Street's consensus rating on $CP is Buy and an average price target of $90.94.
- $CP last traded around $89.31.
Bank of Nova Scotia increased its position in Canadian Pacific Kansas City Limited ($CP) by 42.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,242,557 shares of Canadian Pacific Kansas City Limited after buying 667,638 shares during the quarter. Bank of Nova Scotia's holdings in Canadian Pacific Kansas City Limited were worth $200.28 million as of its most recent filing.
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About Canadian Pacific Kansas City Limited
Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight consists of industrial and consumer products, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers. The company also provides rail and intermodal transportation services through a network of approximately 20,000 miles serving business centers. The company was formerly known as Canadian Pacific Railway Limited and changed its name to Canadian Pacific Kansas City Limited in April 2023. Canadian Pacific Kansas City Limited was founded in 1881 and is headquartered in Calgary, Canada.
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