CANADIAN PACIFIC RAILWAY $122.51 (Toronto symbol CP; Shares outstanding: 174.2 million; Market cap: $21.3 billion; TSINetwork Rating: Above Average; Dividend yield: 1.1%; www.cpr.ca), transports freight between Montreal and Vancouver and connects with hubs in the U.S. midwest and northeast.
In the quarter ended December 31, 2012, CP’s revenue rose 6.7%, to $1.50 billion from $1.41 billion a year earlier. Earnings rose 17.9%, to $224 million, or $1.28 a share, from $190 million, or $1.11.
CP’s operating ratio improved to 74.3% in the latest quarter from 78.5% a year ago. (Operating ratio is calculated by dividing regular operating costs by revenue. The lower the ratio, the better.) The company shipped more goods and made better use of its assets in the latest quarter. CEO Hunter Harrison feels he can cut CP’s operating ratio to as low as 65% by 2016.
The company’s improved efficiency should raise this year’s earnings by at least 40%, to $6.08 a share. The stock trades at 20.1 times that figure. That’s still reasonable in light of CP’s improving profitability, iconic brand and extensive landholdings.
Canadian Pacific Railway is still a safety-conscious buy.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Changes to this Policy
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