10 Best Canadian Stocks to Buy According to Billionaires

3. Canadian Pacific Kansas City Limited (NYSE:CP)

Number of Billionaires: 15

Canadian Pacific Kansas City Limited (NYSE:CP), operates a transcontinental freight railway network spanning approximately 20,000 miles across Canada, the United States, and Mexico. The extensive network positions CPKC as a pivotal player in North American trade.

Recently, Canadian Pacific Kansas City Limited (NYSE:CP) has made some strategic investments, such as the newly completed international railway bridge across the Rio Grande. The investments position the company to capitalize on growing trade opportunities across North America. CPKC has also received a go ahead from the Toronto Stock Exchange to buy back up to about 4% of its issued and outstanding shares, which is likely to bolster its shareholder value.

However, external factors like potential trade tariffs and labor disputes threaten to impact operations. Investors should monitor these developments closely, as they could influence CPKC’s performance in the coming months.

In their recent Earnings Report, Canadian Pacific Kansas City Limited (NYSE:CP) has reported a total revenue increase of 14.14% since last year and increased 6.47% since last quarter.

CPKC reported Q4 2024 earnings of 92 cents per share and the bottom line improved 5.8% on a year-over-year basis, aided by improved operational efficiency.

Canadian Pacific Kansas City Limited (NYSE:CP) reported operating revenues of $2.77 billion, though the top line and operating expenses declined on a year-over-year basis. The decline is attributed to synergies from cost savings and efficiencies from its merger with Kansas City Southern. The reported operating ratio improved 210 basis points to 59.7% from 61.8% in the prior year quarter, which is more desirable.