Why Canadian Pacific Railway Limited (USA)(NYSE: CP) stock is rising

21 January, 2017, 00:40 | Author: Celia Hoffman
  • Hunter Harrison

Year to Date (YTD) performance of Canadian Pacific Railway Limited (NYSE:CP) is 5.28 percent while its Performance (Week) is 2.24 percent and Performance (month) is at 3.69 percent.

The company said its bottom line came in at C$448 million, or C$3.04 per share. Harrison in a statement noted that the company still generated C$1 billion in free cash flow for the full year and increased full-year earnings per share by 27% despite the economic headwinds.

Additionally, for the full year 2016, CP's revenue fell 7 percent to $6.23 billion, the adjusted diluted earnings per share grew 2 percent to $10.29 from $10.10. The company's stock had a trading volume of 430,060 shares. CP stock price target has been recently raised to $225 from $215 on an average basis with a number of analysts.

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Canadian Pacific Railway Limited has a gross margin of 88.30% and an operating margin of 40.40%. They issued a buy rating on the stock. Canadian Pacific Railway Limited (USA) makes up approx 0.03% of Creative Planning's portfolio. The original version of this story can be viewed at http://www.mareainformativa.com/zacks-investment-research-lowers-canadian-pacific-railway-ltd-cp-to-sell/95699/. Canadian Pacific reached its highest intraday level in a month earlier in the session. This represents a $2.00 annualized dividend and a yield of 1.00%. The price is $ 149.92, at present and the target price is $ 163.1. The stock is now showing its Return on Assets (ROA) value of 7.9 Percent. Canadian Pacific abandoned its roughly $30 billion bid for Norfolk Southern after encountering opposition from the railroad, politicians and some customers. The shares were sold at an average price of $143.65, for a total transaction of $560,235.00. Advisory Services Network LLC bought a new stake in Canadian Pacific Railway during the second quarter worth $105,000. The company had revenue of $1637.00 million for the quarter, compared to analysts expectations of $1647.91 million. Schafer Cullen Capital Management Inc. bought a new stake in Canadian Pacific Railway during the third quarter worth $209,000.

Today there are 146,262,000 shares in issue of Canadian Pacific Railway Limited which are now trading at 152.36 which brings the business's market capitalisation to 22.28B Dollars.

Canadian National Railway Co is engaged in the rail and related transportation business.

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