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

Canadian Pacific Railway Limited (CP) announced its earnings results 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 analysts have recently weighed in on CP shares. 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. They now have a $90.00 price target on the stock. On a related note, 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. They now have a $93.00 price target on the stock, up previously from $81.00. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Canadian Pacific Railway Limited from $79.00 to $81.00 in a research note to investors on Monday, April 23rd. They now have an “equal weight” rating on the stock.

Canadian Pacific Railway Limited (CP) traded down 3.37% on Friday, hitting $72.54. Canadian Pacific Railway Limited (CP) has a 52-week low of $44.74 and a 52-week high of $79.91. The company has a market cap of $12.399 billion and a price-to-earnings ratio of 19.37.

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 on 20 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.
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