CP.TO - Canadian Pacific Railway Limited

Toronto - Toronto Delayed Price. Currency in CAD
311.94
+1.17 (+0.38%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close310.77
Open311.32
Bid312.02 x 0
Ask312.13 x 0
Day's Range310.52 - 313.06
52 Week Range228.35 - 323.71
Volume164,743
Avg. Volume300,848
Market Cap43.227B
Beta (3Y Monthly)1.36
PE Ratio (TTM)18.98
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield3.32 (1.07%)
Ex-Dividend Date2019-09-26
1y Target EstN/A
  • Are Canadian Pacific Railway Limited’s (TSE:CP) High Returns Really That Great?
    Simply Wall St.4 days ago

    Are Canadian Pacific Railway Limited’s (TSE:CP) High Returns Really That Great?

    Today we'll look at Canadian Pacific Railway Limited (TSE:CP) and reflect on its potential as an investment. To be...

  • Benzinga5 days ago

    U.S. Rail Volumes Continue To Slip

    Year-to-date U.S. rail volumes fell for the week ending July 13, according to data from the Association of American Railroads. U.S. rail traffic totaled 14.45 million carloads and intermodal units year-to-date, a 3.3 percent decrease compared with the same period in 2018. Of this, U.S. carloads totaled 7.03 million carloads, down 3.1 percent, while U.S. intermodal containers and trailers totaled 7.42 million units, down 3.5 percent.

  • Thomson Reuters StreetEvents5 days ago

    Edited Transcript of CP.TO earnings conference call or presentation 16-Jul-19 1:30pm GMT

    Q2 2019 Canadian Pacific Railway Ltd Earnings Call

  • Union Pacific Earnings Beat After CSX Flops, Canadian Pacific Tops
    Investor's Business Daily5 days ago

    Union Pacific Earnings Beat After CSX Flops, Canadian Pacific Tops

    Union Pacific earnings topped views early Thursday after CSX earnings fell short and and Canadian Pacific Railway earnings beat on Tuesday.

  • Canadian Heavy Oil Strengthens as Crude-by-Rail Picks Up
    Bloomberg6 days ago

    Canadian Heavy Oil Strengthens as Crude-by-Rail Picks Up

    (Bloomberg) -- Heavy Canadian crude’s discount to U.S. benchmark futures narrowed to the smallest since April as crude-by-rail shipments were forecast to increase.Western Canadian Select, an oil sands benchmark, strengthened to a $9.10 discount on Wednesday, data compiled by Bloomberg show. The gap has narrowed $4.15 this month, with $1.30 shed on Tuesday. Prices are closing in on West Texas Intermediate futures after Canadian Pacific Railway Ltd. said crude-by-rail volumes were expected to rise 20% in the third quarter from about 160,000 barrels a day in the second quarter.With pipelines full, crude shipped by rail has become the only real alternative left for producers to send excess oil out of the province. The region’s largest producers have been under mandatory production limits since January after rising production drove WCS prices as low as $50-a-barrel below WTI.The heads of Canadian oil companies including Cenovus Energy Inc. and Suncor Energy Inc. are offering to boost crude-by-rail shipments in exchange for higher production limits.(Updates price in second paragraph.)To contact the reporters on this story: Robert Tuttle in Calgary at rtuttle@bloomberg.net;Kevin Orland in Calgary at korland@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Jessica Summers, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • [video]These Rail Cos. Are on Track for Precision Systems
    TheStreet.com6 days ago

    [video]These Rail Cos. Are on Track for Precision Systems

    We examine how well each major player is trimming fat and improving efficiency on its business amid a potential slowdown.

  • TheStreet.com6 days ago

    Railroad Stocks to Ride as CSX Results Promote a Sectorwide Slide

    CSX Corp.'s not-so-strong second-quarter earnings results are carrying its peers downward on Wednesday, but analysts advise this reaction is creating an opportune moment to be buying. Shares of the overall sector have slid in Wednesday's pre-market, producing moderate declines in Union Pacific , Kansas City Southern , Canadian Pacific Railway and Norfolk Southern due to CSX's disappointing results on Tuesday evening. Only Canadian National Railway has managed to keep its stock flat as the fears of macro pressures persist.

  • Benzinga7 days ago

    Canadian Pacific Eyes Macroeconomic Environment For Remainder Of 2019

    Canadian Pacific's (NYSE: CP) is willing to cut costs in the second half of 2019 should macroeconomic factors put pressure on demand for rail service, company executives said on July 16 during the railroad's second quarter earnings call. "We continue to watch the demand environment closely, and should the macro environment change, we'll continue to adapt our costs base quickly," said CP chief financial officer Nadeem Velani.

  • Canadian Pacific Railway Limited (CP) Q2 Earnings Conference Call Transcript
    Motley Fool7 days ago

    Canadian Pacific Railway Limited (CP) Q2 Earnings Conference Call Transcript

    CP earnings call for the period ending June 30, 2019.

  • Benzinga7 days ago

    Canadian Pacific Chugs Higher On Q2 Earnings Beat

    Canadian Pacific Railway (NYSE: CP ) on Tuesday reported second-quarter earnings of $4.30 per share, which beat the analyst consensus estimate of $3.20. This is a 74.8% increase over earnings of $2.46 ...

  • Canadian Pacific Posts Record Q2 Earnings, US Peers Struggle
    Market Realist7 days ago

    Canadian Pacific Posts Record Q2 Earnings, US Peers Struggle

    On Tuesday, Canadian Pacific Railway (CP) reported strong second-quarter earnings. The company's top and bottom lines touched a record mark.

  • Benzinga7 days ago

    Canadian Pacific's Second quarter profit jumps

    Canadian Pacific's (NYSE: CP) second quarter net income rose 66 percent amid a 13 percent increase in company revenue, the railroad reported on July 15. CP's financials are reported in Canadian dollars, except for earnings per share. Second quarter net profit totaled C$724 million compared with C$436 million in the second quarter of 2018.

  • Reuters7 days ago

    UPDATE 3-Canadian Pacific beats on higher crude shipments, cost control

    Canadian Pacific Railway reported a better-than-expected adjusted quarterly profit on Tuesday, as the country's second-largest railroad operator controlled costs and earned more from moving crude, chemicals as well as plastics. The upbeat results come against the backdrop of Alberta government's cap on output in January that boosted low crude prices, but made oil shipments by rail less profitable for Canadian producers. Narrow differentials between U.S. and Canadian crude discouraged shippers from moving it through rail, a more expensive form of transport than pipeline, between Alberta and higher-priced U.S. markets.

  • Canadian Pacific beats on higher crude shipments, cost control
    Reuters7 days ago

    Canadian Pacific beats on higher crude shipments, cost control

    The upbeat results come against the backdrop of Alberta government's cap on output in January that boosted low crude prices, but made oil shipments by rail less profitable for Canadian producers. Rail shipments have, however, recently recovered with some producers choosing rail again to avoid pipeline congestion. Crude-by-rail volumes jumped by about a quarter to 25,000 carloads in the second quarter, while total carloads, rail cars carrying freight, rose 6%.

  • Benzinga8 days ago

    A Preview Of Canadian Pacific Railway's Q2 Earnings

    On Tuesday, July 16, Canadian Pacific Railway (NYSE: CP ) will release its latest earnings report. Check out Benzinga's preview to understand the implications. Earnings and Revenue Based on Canadian Pacific ...

  • Benzinga8 days ago

    Fuel Costs, Rail Rate Increases Significantly Affect Operating Ratio: Report

    While operational efficiencies get the credit for a freight railroad's improved operating ratio, other factors, such as changes in fuel prices and increases in freight rates, play significant roles according to a research paper by a law firm representing shippers in Canada. Canadian National (NYSE: CNI) and Canadian Pacific (NYSE: CP) "have become more efficient in recent years, but we urge caution when considering operating ratio improvements as evidence of efficiency gains," concluded the paper "Operating Ratio as a Measure of Railway Operating Efficiency" by law firm McMillan.

  • Pricing, Volumes to Boost Canadian Pacific’s Q2 Earnings
    Market Realist8 days ago

    Pricing, Volumes to Boost Canadian Pacific’s Q2 Earnings

    Canadian Pacific Railway (CP) is set to report its second-quarter earnings results after the market closes on Tuesday.

  • Is Canadian Pacific Railway Limited's (TSE:CP) CEO Paid Enough Relative To Peers?
    Simply Wall St.20 days ago

    Is Canadian Pacific Railway Limited's (TSE:CP) CEO Paid Enough Relative To Peers?

    In 2017 Keith Creel was appointed CEO of Canadian Pacific Railway Limited (TSE:CP). First, this article will compare...

  • Canadian Pacific: Intermodal Volumes Boosted Its Rail Traffic
    Market Realist29 days ago

    Canadian Pacific: Intermodal Volumes Boosted Its Rail Traffic

    Canadian Pacific Railway (CP) reported a year-over-year improvement in its overall rail traffic in Week 24, which ended on June 15. The company hauled 54,099 railcars, containers, and trailers in Week 24.

  • Downtrend in US Rail Traffic Continued in Week 24
    Market Realist29 days ago

    Downtrend in US Rail Traffic Continued in Week 24

    The downtrend in the US rail traffic volume continued for the 21st consecutive week. On June 19, the Association of American Railroads reported that US companies' air traffic fell 5.4% in Week 24.

  • Money Markets Are Thriving in an Uncharacteristic Sweet Spot
    Bloomberg29 days ago

    Money Markets Are Thriving in an Uncharacteristic Sweet Spot

    (Bloomberg) -- In a global financial environment dominated by negative interest rates and central banks signaling even more accommodative policies, the U.S. money-market industry is thriving.Normally seen as a place to park cash during times of uncertainty, taxable funds have seen roughly $136 billion of inflows this year even with U.S. equity markets surging and bonds posting positive returns, Investment Company Institute data show. Overall assets have swelled to more than $3 trillion, the highest level since the financial crisis.Demand is being aided in part by attractive U.S. short-term yields relative to bank deposits -- helped by three years of Federal Reserve interest-rate hikes, an inverted yield curve and volatility in financial markets. Total assets in government money funds are at a record high and investments in prime funds are the most since September 2016, before industry reforms went into effect.While the specter of Fed rate cuts is not perceived as an imminent threat, it will be a topic among attendees at the Crane’s Money Fund Symposium in Boston beginning Monday. Other issues likely to come up include the drop in yields and narrowing spread between government and prime money-market funds, as well as the post-reform growth of the market for repurchase agreements and popularity of sponsored repo.“Money fund yields are still above 2 percent, whether it’s government or prime,” said Pia McCusker, the Boston-based global head of cash management at State Street Global Advisors Trust Co. “That’s still attractive to investors today. If people are looking for a safe haven, cash is still a great place.”The yield on two-year Treasuries have dropped almost 74 basis points to 1.75% this year.The FedNow that the Fed has scrapped the use of “patient” when describing its approach to monetary policy changes, derivatives markets are pricing in more than 25 basis points of easing at the next Federal Open Market Committee meeting in July. Yet fund managers are nonplussed given that money rates are still more attractive than bank deposits. Historically, money funds tend to see outflows one to two years after the Fed cut rates, according to Alex Roever, head of U.S. rates strategy at JPMorgan Chase & Co.After a series of risk-off events in 2007-2008 that pushed investors into money funds, the Fed cut interest rates to zero, which crushed money-market yields and investors pulled cash in search of higher-yielding assets. “It wasn’t the fact that they had to cut rates,” Roever said. “It’s that the overall level of rates got so low in that scenario.”Another issue that could arise is whether the Fed decides to introduce a tool to keep money-market rates under more control. Rates for repurchase agreements -- a key component of short-term funding markets -- have recently shown a tendency to spike around month-end, which has helped to pull the fed funds rate higher. Fed Chairman Jerome Powell said at his post-meeting press conference last month that the central bank will look at the idea of a so-called standing repo facility at a future meeting.Lower YieldsEven as money funds remain attractive investment vehicles, the drop in yields will be a topic of discussion. After peaking at around 30 to 35 basis points in December, the spread between prime funds -- which invest primarily in commercial paper, certificates or deposits and time deposits -- and government funds has collapsed to around 20 basis points, according to State Street’s McCusker.Part of that is related to commercial paper issuance and where financial institutions are choosing to issue. So far this year, there has been an average 21 issues of AA rated CP longer than 81 days on a typical day, Fed data show. That is down from an average of 28 issues during the same period in 2018. This dearth of supply “bleeds through to Libor settings being lower and overall yield being lower on prime funds,” Roever said.Repo GrowthGiven the growth in government money fund assets after the 2016 reforms were enacted, the repo market has expanded to keep up with the increased demand. Dealer repo with money-market funds has risen to $1.2 trillion as of the end of May, Office of Financial Research data show. That’s because of the growth in sponsored repo, which are transactions where dealers sponsor non-dealer counterparties onto Fixed Income Clearing Corporation’s (FICC) cleared repo platform. Last month, money fund cash invested in cleared repo jumped to a record $154 billion, according to OFR, up from about $5 billion in June 2017 when funds first started participating.Barclays Plc strategist Joseph Abate expects sponsored repo volumes to grow, though “it’s difficult to project how popular the program will become,” he wrote in a note published June 19. “How much single counterparty exposure to the FICC does a money fund wish to have? 25%, 50%, or more?”(Adds 2-year bond yield in sixth graf. An earlier version of this story was corrected due to a mislabeling in the chart legend.)To contact the reporter on this story: Alexandra Harris in New York at aharris48@bloomberg.netTo contact the editors responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net, Dave Liedtka, Mark TannenbaumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.