- American City Business Journals•33 minutes ago
After he doubled Canadian Pacific Railway's profitabiilty in three years, Former CP CEO Hunter Harrison's interest in CSX Corp. will “dominate the discussion in rail stocks for the foreseeable future,” according to Barclays analyst Brandon Oglenski. “Given the recent failed bid by CP to merge with Norfolk Southern in early 2016 as well as the continued lagging operating performance by the US East Coast rail networks, we suspect many investors will conclude some sort of management change effort may be underway at either CSX or NSC,” Oglenski wrote in a research note. On Wednesday, Harrison retired from Canadian Pacific about six months earlier than had been planned.
- TheStreet.com•8 hours ago
Cramer shares his views on the cost of being a 'fundamentalist,' and what the real story is behind the railroad stocks.
- American City Business Journals•3 days ago
Shares of CSX Corp. climbed nearly 20 percent to $44.40 Thursday afternoon on news that legendary railroad executive Hunter Harrison was teaming up with an activist investor to target the company. Harrison resigned from Canadian Pacific Railway Ltd. on Wednesday, some months ahead of schedule, and said he would be pursuing opportunities with other North American railroads. In that pursuit, he's joined with Paul Hilal, an investor who had been associated with William Ackman’s Pershing Square Capital Management LP.
CP.TO : Summary for CANADIAN PACIFIC RAILWAY LIMITE - Yahoo Finance
Canadian Pacific Railway Limited (CP.TO)
Toronto - Toronto Delayed Price. Currency in CAD
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|Day's Range||197.31 - 201.88|
|52 Week Range||155.27 - 209.12|
|PE Ratio (TTM)||19.97|
|Dividend & Yield||2.00 (0.99%)|
|1y Target Est||N/A|