Canadian Pacific Railway Limited (CP) Releases Quarterly Earnings Results

Canadian Pacific Railway Limited (CP) posted its quarterly earnings results 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.

Several analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Canadian Pacific Railway Limited in a research note to investors on Thursday, May 24th. They now have a $77.00 price target on the stock. On the ratings front, analysts at Citigroup 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 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 up 0.18% during mid-day trading on Wednesday, hitting $73.30. 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 $12.529 billion and a P/E ratio of 18.92.

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 21 Jun 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.