Canadian Pacific Railway Limited (CP) Releases Quarterly Earnings Results

Canadian Pacific Railway Limited (CP) issued its quarterly earnings data on Friday. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.03. Canadian Pacific Railway Limited’s revenue was up 18.3% compared to the same quarter last year.

CP has been the subject of a number of recent research reports. 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. On a related note, analysts at National Bank raised their price target on shares of Canadian Pacific Railway Limited from $74.00 to $76.00 in a research note to investors on Monday, April 23rd. They now have a “sector perform” rating on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Canadian Pacific Railway Limited in a research note to investors on Monday, April 23rd. They now have a $79.00 price target on the stock.

Shares of Canadian Pacific Railway Limited (CP) traded down 0.81% during mid-day trading on Wednesday, hitting $73.14. 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 $12.501 billion and a P/E ratio of 18.50.

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 9 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.