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

Canadian Pacific Railway Limited (CP) issued its quarterly 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.

Several analysts have also recently commented on the stock. 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 the ratings front, 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. 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.

Shares of Canadian Pacific Railway Limited (CP) traded down 2.46% during mid-day trading on Tuesday, hitting $73.35. 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 $12.537 billion and a P/E ratio of 19.40.

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 22 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.