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Canadian Pacific Railway Ltd Add to portfolio

TSP:CP, Jul 17, 07:23 UTC

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Canadian Pacific Railway (NYSE:CP) Receives “Outperform” Rating from Credit Suisse Group – Riverton Roll

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Canadian Pacific Railway (NYSE:CP) (TSE:CP)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group in a research note issued on Wednesday, The Fly reports. Macquarie set a $52.00 price target on shares of Southwest Airlines and gave the stock a “hold” rating in a research report on Thursday, March 28th. Canadian Pacific Railway has an average rating of “Buy” and an average target price of $239.05. 10 15 Associates Inc. now owns 9,664 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 90 shares during the period.

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Yesterday


News

Cdn Pacific Railway (CP) Holder Beutel Goodman & Co LTD Lowered Its Stake by $5.20 Million

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The institutional investor held 1.15 million shares of the railroads company at the end of 2019Q1, valued at $236.55M, down from 1.17M at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Cdn Pacific Railway for a number of months, seems to be less bullish one the $34.25B market cap company. Beutel Goodman & Co Ltd, which manages about $36.47 billion and $13.32 billion US Long portfolio, upped its stake in Amgen Inc (NASDAQ:AMGN) by 65,821 shares to 731,369 shares, valued at $103.97 million in 2019Q1, according to the filing. More interesting news about Canadian Pacific Railway Limited (NYSE:CP) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About Xcel Energy Inc (XEL) – Yahoo Finance” published on June 23, 2019 as well as Seekingalpha.com‘s news article titled: “Canadian Pacific Railway Q1 2019 Earnings Preview – Seeking Alpha” with publication date: April 22, 2019.

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News

Canadian Pacific Railway Earnings: CP Stock Chugs Higher on Q2 Results

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This is a 36% increase over the company’s earnings per share of $3.16 reported in the same period of the year prior. “This quarter, we saw revenue growth across every line of business, strong operating metrics, and our best-ever second-quarter performance from a workload perspective, as measured by Gross Ton-Miles,” Keith Creel, President and CEO of Canadian Pacific Railway, said in a statement. CP stock was up 3% as of noon Tuesday. As of this writing, William White did not hold a position in any of the aforementioned securities.

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News

Canadian Pacific Railway profit jumps by third on higher commodity shipments

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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 came against the backdrop of Alberta government’s OPEC-style cap on output in January that boosted low crude prices, but made oil shipment by rail less profitable for Canadian producers. Alberta Premier Jason Kenney, who took office in April, has modestly eased the curtailments, with major Canadian oil companies also holding talks with the government on ending the mandatory cuts just as added rail capacity to move crude comes online. Total carloads, rail cars carrying freight during a specified period, rose 6 per cent to 716,800, with the biggest gains coming from potash. However, volumes of U.S. grain shipment fell double digits, said the company, as some export markets remained challenged due to the lingering trade dispute with China.

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Canadian Pacific beats on higher crude shipments, cost control

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(Reuters) - 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. Revenue from energy, chemicals and plastics segment rose 22% on a currency adjusted basis in the second quarter. While U.S. grain shipment fell double digits as some export markets were challenged due to the lingering trade dispute with China, the company said it expects upside in grain in the third quarter.

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News

UPDATE 1-Canadian Pacific quarterly profit rises on higher commodity shipments

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UPDATE 1-Canadian Pacific quarterly profit rises on higher commodity shipments. July 16 (Reuters) - Canadian Pacific Railway reported a 33% rise in adjusted quarterly profit on Tuesday, as the country's second-largest railroad operator earned more from moving energy, chemicals, plastics as well as grains. Revenue from energy, chemicals and plastics segment rose 22% on a currency adjusted basis to C$346 million, while that from grain shipments rose 11% to C$422 million in the second quarter. Alberta government's cap on oil production in January boosted falling crude prices, but made oil shipment by rail uneconomical for Canadian oil producers.

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Monday, July 15


News

Canadian Pacific Railway Limited declares dividend

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CALGARY, July 15, 2019 /PRNewswire/ - The Board of Directors of Canadian Pacific Railway Limited (CP) (CP) today declared a quarterly dividend of $0.83 per share on the outstanding Common Shares. The dividend is payable on October 28, 2019 to holders of record at the close of business on September 27, 2019, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation. Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe.

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News

A Preview Of Canadian Pacific Railway's Q2 Earnings

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On Tuesday, July 16, Canadian Pacific Railway (NYSE: CP) will release its latest earnings report. Based on Canadian Pacific Railway management projections, analysts predict EPS of $3.20 on revenue of $1.50 billion. Canadian Pacific Railway reported a profit of $2.46 when it published results during the same quarter last year. Here's how the Canadian Pacific Railway's reported EPS has stacked up against analyst estimates in the past:.

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Canadian Pacific Railway (TSE:CP) Price Target Raised to C$335.00 at BMO Capital Markets – Mayfield Recorder

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Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target upped by investment analysts at BMO Capital Markets from C$315.00 to C$335.00 in a research report issued on Monday, July 8th, BayStreet.CA reports. The company has an average rating of “Buy” and an average price target of C$310.50. The company has a debt-to-equity ratio of 136.62, a current ratio of 0.76 and a quick ratio of 0.61. Canadian Pacific Railway has a 52 week low of C$228.35 and a 52 week high of C$318.75.

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Sunday, July 14


News

Research Analysts Offer Predictions for Canadian Pacific Railway Ltd’s Q2 2019 Earnings (NYSE:CP) – Slater Sentinel

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Seaport Global Securities analyst M. Levin now expects that the transportation company will post earnings per share of $3.15 for the quarter, up from their prior estimate of $3.05. Seaport Global Securities also issued estimates for Canadian Pacific Railway’s Q3 2019 earnings at $3.41 EPS, Q4 2019 earnings at $3.67 EPS, FY2019 earnings at $12.32 EPS, FY2020 earnings at $14.00 EPS and FY2021 earnings at $15.53 EPS. Canadian Pacific Railway’s revenue for the quarter was up 6.3% on a year-over-year basis. Canadian Pacific Railway has a 52 week low of $167.48 and a 52 week high of $241.20.

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