CP - Canadian Pacific Railway Limited

NYSE - NYSE Delayed Price. Currency in USD
252.70
+3.41 (+1.37%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close249.29
Open249.93
Bid252.28 x 800
Ask251.99 x 1200
Day's Range249.71 - 253.96
52 Week Range173.26 - 275.13
Volume275,648
Avg. Volume617,668
Market Cap33.758B
Beta (5Y Monthly)0.81
PE Ratio (TTM)20.28
EPS (TTM)12.46
Earnings DateN/A
Forward Dividend & Yield2.36 (0.95%)
Ex-Dividend DateJun 25, 2020
1y Target Est248.41
  • Service excellence and collaboration contribute to CP breaking May Canadian grain and grain products shipping record
    CNW Group

    Service excellence and collaboration contribute to CP breaking May Canadian grain and grain products shipping record

    CALGARY, AB , June 2, 2020 /CNW/ - Canadian Pacific (CP) (CP) set a new record for shipping Canadian grain and grain products in May, moving 2.80 million metric tonnes (MMT). As of May 31, 2020 , CP's movement of grain for the 2019-2020 crop year was 24.17 MMT. "The CP family has continued to deliver service excellence to our customers in this COVID-19 environment," said Mark Redd , CP Executive Vice-President Operations.

  • Is Canadian Pacific Railway Limited (TSE:CP) Potentially Undervalued?
    Simply Wall St.

    Is Canadian Pacific Railway Limited (TSE:CP) Potentially Undervalued?

    Let's talk about the popular Canadian Pacific Railway Limited (TSE:CP). The company's shares saw a significant share...

  • CP's Executive Vice-President and Chief Financial Officer to address UBS Global Industrials and Transportation Conference on June 3, 2020
    PR Newswire

    CP's Executive Vice-President and Chief Financial Officer to address UBS Global Industrials and Transportation Conference on June 3, 2020

    Canadian Pacific's (TSX: CP) (NYSE: CP) Executive Vice-President and Chief Financial Officer, Mr. Nadeem Velani, will address the UBS Global Industrials and Transportation Conference on June 3, 2020, at 2:10 p.m. ET.

  • Canadian Pacific Stock Rises Amid Record Grain Shipments This Year Despite Covid-19
    Investor's Business Daily

    Canadian Pacific Stock Rises Amid Record Grain Shipments This Year Despite Covid-19

    A Relative Strength Rating upgrade for Canadian Pacific Railway shows improving technical performance. Will it continue?

  • Why Is Canadian Pacific (CP) Up 8.4% Since Last Earnings Report?
    Zacks

    Why Is Canadian Pacific (CP) Up 8.4% Since Last Earnings Report?

    Canadian Pacific (CP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Rail Meets Regulatory Round-Up
    Benzinga

    Rail Meets Regulatory Round-Up

    Last week, the Surface Transportation Board and the Transportation Safety Board of Canada took steps that could potentially lead to a modification of existing regulations. Here's what happened:Surface Transportation Board welcomes talks with stakeholders on rate reviewThe Surface Transportation Board (STB) is allowing board members and staff to meet informally with stakeholders over the board's proposed rule regarding the final offer rate review. The proposed rule is part of the proceeding Ex Parte 755.The Board's procedures normally don't allow for discussions between board members and stakeholders, but STB has waived this rule recently as it debates how it should handle certain long-standing issues between the railroads and shippers.Of particular interest to the Board are comments regarding arbitration and other rate review options for smaller cases. STB will open itself up for discussions with stakeholders from June 1 to July 15. It had closed the initial comment period on January 10, but after reviewing the comments, STB is seeking input on how best to establish a new rate review methodology generally. The board also "wishes to explore whether its existing arbitration program could be modified to provide a practical alternative dispute resolution mechanism to address smaller rate disputes," according to a May 15 notice.The Board had issued a notice of proposed rulemaking for the final offer rate review in September 2019. The proposed rule calls a new procedure for challenging the reasonableness of railroad rates in smaller cases. According to STB, the Board would decide a case by selecting either the complainant's or the defendant's final offer, subject to an expedited procedural schedule that adheres to firm deadlines.  The existing arbitration guidelines can be found here. STB defines arbitration as an alternative dispute resolution process that allows parties to resolve a dispute in a private setting as opposed to a formal proceeding before the Board. But smaller shippers have argued that the process can be cost-prohibitive. The proposed final offer rate review would use procedural limitations to constrain the cost and complexity of a rate case.Last week's decision to seek stakeholders' comments is just the latest action that the Board has taken to resolve certain long-standing issues. Last month, the Board issued decisions on demurrage and accessorial charges.Safety Board tells Transport Canada to check brake testThe Transportation Safety Board of Canada (TSB) said on May 12 that it has advised Transport Canada to examine the reliability of an existing test designed to identify ineffective brakes on rail cars. Last month, TSB sent a letter to Transport Canada asking the agency to review the effectiveness of the "No. 1 brake test" as the TSB continues to investigate a February 2019 derailment of a Canadian Pacific (NYSE: CP) train near Field, British Columbia. The derailment resulted in the deaths of three train crew members.The existing brake test requires at least 95% of a train's air brakes to be operational. TSB based its recommendations on two factors. In 2015, CP, Transport Canada, and the National Research Council began a research project that gauged the effectiveness of automated train brakes as an alternative or in combination with manual brake tests. The researchers determined that the No. 1 brake test and another type of test yielded vastly different results when studying the data of wheel temperatures.CP employees had also notified the railway that unit grain trains descending Field Hill in winter operating conditions would sometimes have difficulty in maintaining train speed, even though these trains had passed the No. 1 brake test.The "test results and the hazard notifications of train braking anomalies on Field Hill both suggest that the No. 1 brake test does not reliably identify ineffective brakes in rail cars," TSB said in the April 20 letter signed by Paul Treboutat, the director for rail and pipeline investigations for TSB. "Given this information, Transport Canada is advised that an alternate approach to determining the effectiveness of freight car air brakes is required to ensure that departing trains have sufficient effective brakes to operate safely."According to TSB, the February 4, 2019 derailment involved a unit grain train that ran uncontrolled, resulting in the derailment of 99-grain cars and two locomotives. The train ran on distributed power with one locomotive as the lead, another in the middle of the 6,677-foot long train, and a third locomotive at the tail end. A day earlier, the train's crew members were unable to control the train at a speed below 15 miles per hour as it traveled on a steep descending grade. The crew had to place the train in energy to stop it, TSB said.Photo provided by FreightWaves.See more from Benzinga * Heavy Rainfall To Flood Roads From Midwest To Southeast * COVID-19 Leads To Spot Rate Hikes * Today's Pickup: Bulkloads Rolls Out Early Features Of TMS(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Allegiant Travel (ALGT) Q1 Earnings Beat Estimates, Down Y/Y
    Zacks

    Allegiant Travel (ALGT) Q1 Earnings Beat Estimates, Down Y/Y

    Supressed air travel demand amid COVID-19 crisis hurts Allegiant Travel's first-quarter 2020 financials. However, lower fuel costs are a tailwind.

  • Barrons.com

    This Top $13B International Fund Won’t Buy a Stock That Fails Its Corporate Culture Test

    The WCM Focused International Growth fund focuses a lot on corporate culture to make stock picks from across the globe. But its own culture is also unique within the fund management industry.

  • SkyWest (SKYW) Q1 Earnings Miss Estimates, Load factor Tanks
    Zacks

    SkyWest (SKYW) Q1 Earnings Miss Estimates, Load factor Tanks

    Fall in air travel demand due to the COVID-19 outbreak hurts SkyWest's (SKYW) Q1 Earnings

  • Air Lease's (AL) Q1 Earnings Miss Estimates, Decline Y/Y
    Zacks

    Air Lease's (AL) Q1 Earnings Miss Estimates, Decline Y/Y

    Rise in expenses hurts Air Lease's (AL) first-quarter 2020 earnings. Meanwhile, rental revenues of flight equipment were a positive.

  • Copa Holdings (CPA) Beats on Q1 Earnings, Load Factor Falls
    Zacks

    Copa Holdings (CPA) Beats on Q1 Earnings, Load Factor Falls

    Drop in air travel demand hurts Copa Holdings' (CPA) Q1 performance. However, low fuel costs are a positive

  • CP's President and CEO to address virtual conferences in May
    CNW Group

    CP's President and CEO to address virtual conferences in May

    CP's President and CEO to address virtual conferences in May

  • Hawaiian Holdings (HA)  Incurs Loss in Q1, Load Factor Tanks
    Zacks

    Hawaiian Holdings (HA) Incurs Loss in Q1, Load Factor Tanks

    Drop in travel demand due to COVID-19 pandemic hurts Hawaiian Holdings' (HA) first-quarter 2020 results

  • Shareholders Are Loving Canadian Pacific Railway Limited's (TSE:CP) 1.1% Yield
    Simply Wall St.

    Shareholders Are Loving Canadian Pacific Railway Limited's (TSE:CP) 1.1% Yield

    Dividend paying stocks like Canadian Pacific Railway Limited (TSE:CP) tend to be popular with investors, and for good...

  • GATX Corp (GATX) Q1 Earnings Beat Estimates, Increase Y/Y
    Zacks

    GATX Corp (GATX) Q1 Earnings Beat Estimates, Increase Y/Y

    Lower marine operating expenses drive GATX Corp's (GATX) first-quarter 2020 results. However, lower profitability in the Rail International segment is a concern

  • Collaboration between CP, agricultural supply chain and customers delivers the best month for Canadian grain movements in company's 139-year history
    PR Newswire

    Collaboration between CP, agricultural supply chain and customers delivers the best month for Canadian grain movements in company's 139-year history

    Canadian Pacific (TSX: CP) (NYSE: CP) is proud to report another record-setting month in the movement of Canadian grain and grain products. In April, CP moved a best-ever monthly total of 2.8 million metric tonnes (MMT) to market, bettering the previous record set in November 2019 by more than 100,000 metric tonnes (MT).

  • CP donates $1 million to four North American charities providing critical supplies and relief in the COVID-19 battle
    CNW Group

    CP donates $1 million to four North American charities providing critical supplies and relief in the COVID-19 battle

    CALGARY , May 4, 2020 /CNW/ - Canadian Pacific (CP) (CP) is donating $1 million to four North American charities working on the front lines to help people impacted by COVID-19. In Canada , CP will donate C$350,000 to The Frontline Fund and C$250,000 to Food Banks Canada. In the U.S., CP will donate US$250,000 to Feeding America and up to US$150,000 in matching funds to the American Red Cross.

  • CP Rail: A 5-Star Stock at a Bargain Price
    GuruFocus.com

    CP Rail: A 5-Star Stock at a Bargain Price

    Big improvements in its operating ratio have fueled strong returns Continue reading...

  • Statement from CP's President and CEO on the COVID-19 pandemic
    CNW Group

    Statement from CP's President and CEO on the COVID-19 pandemic

    CALGARY , April 24, 2020 /CNW/ - To critical healthcare workers, frontline service providers, emergency agencies and personnel: thank you for your ongoing dedication, determination and sacrifice in response to COVID-19. From railroaders and truckers to farmers and port workers and everyone in between, the supply chain is still working 24/7 to deliver for North Americans. A fluid supply chain is something we take for granted.

  • Canadian Pacific Puts Faith In PSR And Employees
    Benzinga

    Canadian Pacific Puts Faith In PSR And Employees

    Canadian Pacific Railway Limited (NYSE: CP) executives are confident that precision scheduled railroading (PSR), an operating model that seeks to streamline operations, will help them make it through an unprecedented and unpredictable second quarter."We're not panicked. We're not distracted. We're prepared and we're engaged and we're agile," said CP CEO and President Keith Creel during CP's first-quarter 2020 earnings call on April 21. Because of the COVID-19 pandemic that is gripping North America and the world, CP expects its revenue per ton mile (RTM) to be in the mid-single digits for 2020. In comparison, RTM in the first quarter was C$5.10, which was a 6% increase from C$4.79 in the first quarter of 2019. A Canadian dollar equals US$0.70.As rail traffic slows, CP will be using additional track time to do maintenance so that the rail network will be ready when rail demand rebounds, according to CP Chief Marketing Officer John Brooks.CP expects to spend C$1.6 billion in capital expenditures for 2020. "We're taking proactive action to preserve costs" as we await for rail volumes to rebound later in the year, Brooks said. Despite the uncertainty of what lies ahead in the second quarter and for the remainder of the year, CP hit a number of records in the first quarter, according CP Chief Financial Officer Nadeem Velani. CP's total revenue of C$2 billion-plus in the first quarter was a record; an operating ratio of 59.2% was also a first-quarter record, he said. Operating ratio, which is a company's operating expenses as a percentage of its revenue, can be an indicator of a company's financial health. CP's operating ratio in the first quarter of 2019 was 69.3%. CP also moved record grain volumes in the first quarter, according to Velani, which included "best-ever" totals for January and March. CP moved more than 6.35 million metric tonnes of Canadian grain and grain products in the first quarter, beating a previous record set in 2016 by 300,000 metric tonnes, CP said on April 20. CP executives noted that the railway and the rail industry overall could see a tough second quarter, followed by a potential increase in rail volumes and rail demand in the third and fourth quarters. Rail volumes might not normalize until the first quarter of 2021.View more earnings on CPBut CP also has a "unique business mix," with 40% of the mix being driven by dry bulk volumes such as coal, grain, ore and fertilizer, which provides CP with flexibility to adjust and control costs via PSR."We're going to play to our strengths with our franchise. We're going to play to our strengths with our business mix," Creel said. "Negative" factors in CP's forecast for the second quarter include volume declines for the industrial sector and non-essential intermodal, as well as crude-by-rail, which could ramp down to as low as 40,000-50,000 loads for 2020, according to Brooks. In comparison, CP hauled over 36,000 loads of crude oil by rail in the first quarter of this year.While CP has had to furlough employees in light of falling rail volumes, the railway has worked with the unions to ensure that furloughed workers can and will want to return to work within 72 hours when rail demand rebounds, according to Creel."It's a give and take situation...but we feel compelled to adjust [headcount] in lock-step with demand," Creel said.  Canadian Pacific 2019 Value 2018 Value Y/Y Gross Change Y/Y % Change Freight revenue (millions) $2,000.0 $1,726.0 $274.0 15.9% Carloads, incl intermodal (000s) 691 636 55 8.7% Revenue per carload $2,896 $2,716 $180 6.6% Intermodal shipments 268 246 22 9.0% Intermodal revenue per carload $1,509 $1,542 -$33 -2.1% Gross ton miles (millions) 71,309.0 64,854.0 6,455 10.0% Revenue per ton mile $5.10 $4.79 $0 6.5% Employee counts (average) 12,486 12,844 -358 -2.8% Train velocity (mph) 21.6 21.1 1 2.4% Dwell time (hours) 6.2 7.9 -2 -21.5% OR% 59.2% 69.3% -10.1% -14.6% EPS $2.98 $3.09 -$0.11 -3.6%  CP announced yesterday that first-quarter 2020 net income totaled C$409 million, or C$2.98/diluted earnings per share, compared with C$434 million, C$3.09/diluted earnings per share, for the first quarter of 2019. The dip in first-quarter net profits was due in part to higher income tax expenses year-over-year: C$185 million versus C$139 million. But the company also said total revenues were C$2.04 billion in the first quarter, a 15.6% increase from C$1.77 billion for the same period in 2019, while operating expenses were C$1.21 billion versus C$1.22 billion. Image: Canadian PacificSee more from Benzinga * Canadian Pacific's First-Quarter Net Profit Falls 6% * Broken Rail As Possible Cause To Canadian Crude Train Derailments * Transport Canada Issues New Speed Restrictions For Trains Hauling Dangerous Goods(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Canadian Pacific Delivers Q1 Earnings Significantly Above Expectations
    SmarterAnalyst

    Canadian Pacific Delivers Q1 Earnings Significantly Above Expectations

    Canadian Pacific Railway (CP) has announced strong first-quarter earnings with revenues of $2.04 billion, up 16% year-over-year, beating the Street consensus by $80 million.Adjusted first quarter EPS of $4.42 also easily beat the consensus of $4.08 and marked an impressive year-over-year gain of 59%.Moreover, the company did better than its 60% operating ratio guidance, coming in at 59.2%; a company record for Q1.“The same operating model that produced record results for CP during good times now serves us well during challenging economic times” commented CEO and President Keith Creel.“The company is in a strong position from both a balance sheet and liquidity perspective, and as we navigate through this extraordinary period, we remain well-positioned not only to weather this storm, but to recover stronger on the other side.”CP also updated its 2020 outlook, citing the ongoing impact of the COVID-19 pandemic to business operations and the economy.Based on how demand currently appears, the company expects volume, as measured in revenue ton miles, to be down mid-single digits and adjusted diluted EPS to be roughly flat year over year.  Despite currency headwinds, CP continues to expect capital expenditures of $1.6 billion as it takes advantage of available track time to “better position the network for recovery and support long-term shareholder returns.”Following the report, RBC Capital’s Walter Spracklin reiterated his CP buy rating, telling investors “CP remains our favourite name in the rail space.”He praised the company’s ‘solid’ quarter, writing “We have seen many companies pull 2020 guidance altogether – and we believe CP management’s willingness to provide new guidance is a testament to the resiliency inherent in CP’s operating model”.Overall the stock scores a Moderate Buy consensus with 16 recent buy ratings vs 6 hold ratings and 1 sell rating. These analysts are predicting, on average, 23% upside potential from current levels. (See Canadian Pacific stock analysis on TipRanks).Related News: Netflix Wins 15.8 million subscribers in Q1, Sees Growth Slowing in Virus Aftermath Facebook Invests An Eye-Watering $5.7B in India’s Jio Platforms United Airlines Seeks To Raise $1B With Massive Share Sale More recent articles from Smarter Analyst: * Akebia Spikes 38% On Pivotal Trial Readout; And Further Upside Lies Ahead * Beleaguered Hertz Gets ‘Additional’ Time From Lenders to Avert Bankruptcy * Pfizer, BioNTech Shares Rise on U.S. Coronavirus Vaccine Trial Start * SunPower Pops 6% on $1 Billion Financing Partnership With Tech CU