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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (58127)	4/23/2019 10:57:07 AM
From: Goose94	Read Replies (1) \| Respond to of 203329

Canadian Pacific Railway (CP-T) new 52 week high, $293.54

To: Goose94 who wrote (58127)	4/25/2019 8:47:01 AM
From: Goose94	Read Replies (2) \| Respond to of 203329

Canadian Pacific Railway (CP-T) Raymond James analyst Steve Hansen says Railway "difficult" first quarter is in the "rear view." Mr. Hansen continues to rate CP "strong buy." He targets the shares at $340. Analysts on average target the shares at $315.52. Mr. Hansen says, "We continue to recommend CP shares based on our positive view of the carrier's: 1) outsized growth prospects; 2) solid operating momentum; and, 3) robust earnings growth." On Tuesday after market close, CP reported adjusted earnings per share for the quarter of $2.70, up 3 per cent year-over-year but below the projections of both Mr. Hansen ($3) and the Street ($2.85). He said the bulk of the miss can be attributed to higher-than-anticipated purchased (casualty) costs associated with "acute winter weather and significant derailment/network disruption in February." He said: "While disappointing, it would be a mistake, in our view, to formulate one's thesis and/or fair value opinion of CP based upon its weak 1Q19. Put simply, we view the quarter as highly anomalous and 100-per-cent rear-view looking."