- Reuters•2 hours ago
The outgoing chief executive of Canadian Pacific Railway Ltd (CP.TO), said to be in advanced talks with a partner to shake up CSX Corp (CSX.O), cannot hire any CP management except its chief of staff, according to details of an agreement published on Monday. Hunter Harrison "cannot solicit or hire the company's employees above the level of manager," apart from chief of staff Mark Wallace, during a 36-month period, the separation agreement said. Canadian Pacific last week announced Harrison's early departure from the railway company he led after activist fund Pershing Square tossed out the previous CEO in a 2012 proxy fight.
- American City Business Journals•9 hours 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•11 hours ago
CSX has shot up in 2017. Investors are wondering if there is more upside in the stock.
CP : Summary for Canadian Pacific Railway Limite - Yahoo Finance
Canadian Pacific Railway Limited (CP)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||149.44 - 152.89|
|52 Week Range||111.65 - 157.34|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||20.37|
|Dividend & Yield||1.52 (1.05%)|
|1y Target Est||N/A|