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CP - Canadian Pacific Railway News Story

C$391.51 4.5  1.2%

Last Trade - 12/08/20

Sector
Industrials
Size
Large Cap
Market Cap £30.22bn
Enterprise Value £35.57bn
Revenue £4.54bn
Position in Universe 12th / 2677

BUZZ-Canadian railroads fairly valued at current levels - Desjardins

Mon 20th April, 2020 5:20pm
** Desjardins says in its Q1 results preview that Canadian
railroad operators Canadian Pacific Railway  CP.TO  and Canadian
National Railway  CNR.TO  are fairly valued in light of current
volume uncertainties due to COVID-19 pandemic
    ** Brokerage also adjusts its estimates and cuts PT for both
stocks; Expects companies to withdraw forecasts due to
uncertainty stemming from coronavirus outbreak
    ** For CP, Desjardins cuts PT by C$34 to C$334 and now
expects adj EPS of C$4.00, vs consensus of C$4.12; Company to
report results on April 21
    ** For CN, brokerage cuts PT by C$15 to C$118 and expects
adj EPS of C$1.08, vs consensus of C$1.09; Company to report
results on April 27
    ** Consensus estimates are from Refinitiv Eikon data
    ** CP down 4.6% YTD, while CN down 5.2%

 (Reporting by Shanti S Nair in Bengaluru)
 ((ShantiS.Nair@thomsonreuters.com))
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