Canadian Pacific Railway Limited (CP) Announces Quarterly Earnings, Beats Estimates By $0.03 EPS

Canadian Pacific Railway Limited (CP) released its earnings data on Friday. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The company’s revenue for the quarter was up 18.3% on a year-over-year basis.

A number of research firms have also recently commented on CP. Analysts at Zacks reiterated a “neutral” rating on shares of Canadian Pacific Railway Limited in a research note to investors on Thursday. They now have a $77.00 price target on the stock. On the ratings front, analysts at Citigroup (NYSE: C) upgraded shares of Canadian Pacific Railway Limited from a “neutral” rating to a “buy” rating in a research note to investors on Friday, May 18th. They now have a $90.00 price target on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) upgraded shares of Canadian Pacific Railway Limited from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, May 17th. They now have a $93.00 price target on the stock, up previously from $81.00.

Shares of Canadian Pacific Railway Limited (CP) traded down 0.75% during mid-day trading on Friday, hitting $74.95. Canadian Pacific Railway Limited (CP) has a one year low of $44.74 and a one year high of $79.91. The company has a market cap of $12.811 billion and a P/E ratio of 19.64.

Canadian Pacific Railway Limited (CPRL) has 14,700-mile network serving the principal business centres of Canada, from Montreal to Vancouver, British Columbia and the United States Midwest and Northeast regions.

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Posted by Web Inquirer Staff on 27 May 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.