After Plunging -7.97% in 4 Weeks, Here's Why the Trend Might Reverse for Canadian Pacific Kansas City (CP)

Core Viewpoint - Canadian Pacific Kansas City (CP) has experienced an 8% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1][3]. Group 1: Stock Performance - CP's stock has faced significant selling pressure, leading to an 8% decline in the last month [1]. - The Relative Strength Index (RSI) for CP is currently at 29.43, indicating that the stock may be oversold and could bounce back [3]. Group 2: Analyst Sentiment - There is strong consensus among sell-side analysts that CP will report better earnings than previously predicted, with a 0.7% increase in the consensus EPS estimate over the last 30 days [3]. - CP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3].