CP’s second quarter earnings beat the FCC estimate and were in line with market consensus estimates, driven by cost control and improved efficiency. Due to a less optimistic outlook, we have decreased our 12-month target price to $225.00/share (based on our DCF-NAV of $225.78/share), and we maintain our Outperform ranking.
22 Jul 2015
Canadian Pacifi c (CP) Reports 2Q15 Adj. EPS of $2.45 (FCC $2.34, Consensus $2.45); 12MTP Decrease to $225/share, Maintain Outperform Ranking
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Canadian Pacifi c (CP) Reports 2Q15 Adj. EPS of $2.45 (FCC $2.34, Consensus $2.45); 12MTP Decrease to $225/share, Maintain Outperform Ranking
Canadian Pacific Kansas City Limited (CP:TSE) | 0 0 1.0% | Mkt Cap: 33,360m
- Published:
22 Jul 2015 -
Author:
Steven I. Paget -
Pages:
5
CP’s second quarter earnings beat the FCC estimate and were in line with market consensus estimates, driven by cost control and improved efficiency. Due to a less optimistic outlook, we have decreased our 12-month target price to $225.00/share (based on our DCF-NAV of $225.78/share), and we maintain our Outperform ranking.