201.82 +0.35 (0.17%)
After hours: 4:11PM EDT
|Bid||199.95 x 800|
|Ask||0.00 x 900|
|Day's Range||200.74 - 202.52|
|52 Week Range||150.91 - 205.57|
|PE Ratio (TTM)||17.04|
|Forward Dividend & Yield||1.99 (0.98%)|
|1y Target Est||N/A|
Bill Ackman said he sees significant upside for home-improvement retailer Lowe’s Cos., much like he did almost seven years ago with one of his most successful investments, Canadian Pacific Railway Ltd. When Ackman’s Pershing Square Capital Management took its initial investment in CP Rail in 2011, the company had underperformed its larger rival, Canadian National Railway Co., for more than decade -- much like Lowe’s is now underperforming its rival Home Depot Inc.
Canadian National Railway Co on Tuesday reported a better-than-expected quarterly profit and raised its forecast for full-year adjusted earnings as the railroad moved higher volumes of commodities including grains and fertilizers at better pricing. The capacity gives Montreal-based CN more leeway to take on crude-by-rail contracts, provided it does not disrupt service of commodities like grain, said Chief Executive Jean-Jacques Ruest, who now heads the company on a permanent basis. CN Rail and smaller rival Canadian Pacific Railway Ltd are investing in rail infrastructure to ease capacity constraints following a surge in demand from producers of grains and other commodities.
Canadian Pacific (NYSE: CP) turned in solid numbers despite needing to shut its rail network down twice in anticipation of a strike. "As you can imagine, winding down the railway the start, to stop winding back up the railway certainly created some inconvenience, some disruptions and additional cost and some slowed momentum so to speak for that process that had an influence to the quarter relative to cost," Keith Creel, Canadian Pacific's CEO, said about the quarter. What was notable about the Canadian Pacific earnings results and call, coming a day before the Union Pacific call where management came in for some thinly-veiled criticism, is that at first glance CP did not perform notably better than Union Pacific.
Higher revenue from pricing and surprisingly increased volumes helped to offset rising costs and some minor service disruptions this past quarter.
Canada’s number two rail freight carrier, Canadian Pacific Railway, announced its second-quarter earnings on July 18 after the market closed. The railroad reported 3.16 Canadian dollars per share on an adjusted basis, surpassing analysts’ average estimate of 3.12 Canadian dollars per share by 1.3%. This Calgary-based railroad’s second-quarter adjusted EPS were up 14.1% from 2.77 Canadian dollars in the corresponding period of 2017.
In Week 27, Canadian Pacific Railway (CP) registered an 11.4% YoY (year-over-year) growth in carload volumes. The company moved ~32,000 railcars excluding intermodal that week compared with ~28,650. CP’s carload traffic growth was far higher in Week 27 than rival Canadian National Railway’s (CNI) 3.3% YoY gains that same week. Compared with Canadian railroads’ 9.4% rise, CP’s gains were on the higher side. The railroad’s carload traffic growth was double in percentage terms compared with US railroads’ (IYJ) 5.4% YoY gains in Week 27.
Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit on Wednesday as Canada's no.2 railroad operator was helped by higher shipments of commodities like grains and potash. CP said ...
On a per-share basis, the Calgary, Alberta-based company said it had profit of $2.36. Earnings, adjusted for non-recurring costs, came to $2.45 per share. The results beat Wall Street expectations. The ...
Canadian Pacific Railway Ltd reported a 9 percent fall in quarterly profit on Wednesday as Canada's No.2 railroad operator was hit by a rise in fuel costs increasing overall expenses. CP's net income fell ...
Canadian Pacific Railway (NYSE: CP ) releases its next round of earnings Wednesday. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report. Earnings and Revenue Analysts ...
High operating expenses as well as low revenues at some of Canadian Pacific's (CP) segments are expected to ail its Q2 results.
In Week 25, Canadian Pacific Railway (CP) posted a 4.4% YoY (year-over-year) gain in carload traffic. From ~32,800 railcars excluding intermodal in last year’s Week 25, it hauled ~34,200 railcars in the same week this year. Compared with competitor Canadian National Railway’s (CNI) 5.1% YoY gains, CP reported less growth in Week 25.
Canadian Pacific Railway (CP) recorded 4.0% YoY (year-over-year) growth in its Week 24 carload traffic. The company moved over 34,100 railcars (excluding intermodal units) in that week, compared with over 32,800 units in the corresponding week of 2017.
Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on Canadian Pacific Railway Limited (TSE:CP) due to its excellent fundamentals inRead More...
Canadian Pacific Railway’s (CP) carload traffic, excluding intermodal, rose 8.3% YoY (year-over-year) in Week 23 to ~33,500 railcars from ~31,000. It beat rival Canadian National Railway’s (CNI) 4% YoY rise, Canadian railroads’ (IYJ) average 6.4% YoY rise, and US railroads’ 2.8% YoY rise.
Canada’s largest rail freight carrier, Canadian National Railway (CNI), saw its carload traffic rise 4% YoY (year-over-year) in Week 23, to ~63,500 carloads from 61,000. Rival Canadian Pacific Railway’s (CP) grew more, by 8.3% YoY, and Canadian railroads’ grew 6.2% YoY.