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All You Need to Know About Canadian Pacific Kansas City (CP) Rating Upgrade to Strong Buy
ZACKS· 2024-10-09 17:05
Investors might want to bet on Canadian Pacific Kansas City (CP) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tra ...
Here's Why Investors Should Bet on Canadian Pacific Stock Right Now
ZACKS· 2024-10-08 15:46
Canadian Pacific Kansas City’s (CP) bottom line is bolstered by increased operational efficiency. Cost-cutting initiatives and a shareholder-friendly approach bode well for the company. Owing to these tailwinds, CP shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it’s time to do so.Let’s delve deeper.Factors Favoring CP StockRobust Price Performance: A look at the company’s price trend reveals that its shares have risen 2.7% year to date, ...
3 Railroad Stocks to Watch From the Prospering Industry
ZACKS· 2024-09-20 15:30
The Zacks Transportation - Rail industry faces challenges, ranging from inflationary pressures and resultant high interest rates to concerns pertaining to supply-chain disruptions. Despite the challenges surrounding the industry,Canadian Pacific Kansas City Limited (CP) , CSX Corporation (CSX) and Norfolk Southern Corporation (NSC) appear better placed to tide over the challenges. Declining fuel costs represent a tailwind as far as bottom-line growth is concerned. Industry Description The Zacks Transportati ...
CPKC announces appointment of Arturo Gutiérrez Hernández to board of directors
Prnewswire· 2024-09-17 16:16
CALGARY, AB, Sept. 17, 2024 /PRNewswire/ - Canadian Pacific Kansas City Limited (TSX: CP) (NYSE: CP) (CPKC) announced today the appointment of Arturo Gutiérrez Hernández to the CPKC Board of Directors, effective on Nov. 1, 2024.Mr. Gutiérrez, 58, of Monterrey, Mexico, has been the chief executive officer of Arca Continental, the second largest Coca-Cola bottler in Latin America, since January 2019.Arturo Gutierrez Hernandez (CNW Group/CPKC)"The addition of Arturo adds to the extensive, diverse experience of ...
Why Is Canadian Pacific Kansas City (CP) Down 1.5% Since Last Earnings Report?
ZACKS· 2024-08-29 16:38
It has been about a month since the last earnings report for Canadian Pacific Kansas City (CP) . Shares have lost about 1.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Canadian Pacific Kansas City due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Q2 Earnings ...
Here's Why Investors Should Retain Canadian Pacific KC Stock
ZACKS· 2024-08-29 16:06
Canadian Pacific Kansas City’s (CP) operations are being boosted by its robust operational efficiency and cost-cutting initiatives. Shareholder-friendly actions bode well for the company. High fuel costs and weak liquidity are major concerns.Factors Favoring CPCanadian Pacific’s operational efficiency is commendable, as evidenced by the company’s robust performance in the second quarter of 2024. The average terminal dwell decreased by 9%, highlighting improved processing and handling operations. The network ...
CPKC disappointed by TCRC's decision to dispute Minister's direction to resume railway operations
Prnewswire· 2024-08-23 03:57
CALGARY, AB, Aug. 22, 2024 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said, following the direction issued by the Canadian Minister of Labour pursuant to section 107 of the Canada Labour Code, the Canada Industrial Relations Board (CIRB) convened an urgent case management conference with CPKC at 9:00 p.m. ET tonight. CPKC was prepared to fully address the resumption of service given its obvious priority.Unfortunately, the Teamsters Canada Rail Conference (TCRC) representing the ...
CPKC prepares to restart railway operations, awaits CIRB order
Prnewswire· 2024-08-22 22:21
Core Points - Canadian Pacific Kansas City (CPKC) is preparing to restart railway operations in Canada following the Canadian Minister of Labour's directive for final binding arbitration to resume operations [1][2] - The government intervened to protect the Canadian economy and North American supply chains, highlighting the importance of railway operations [2] - CPKC employs approximately 3,200 locomotive engineers, conductors, and train and yard workers, along with around 80 rail traffic controllers in Canada [2][5] Company Overview - CPKC is the first and only single-line transnational railway linking Canada, the United States, and Mexico, with access to major ports across North America [5] - The company operates approximately 20,000 route miles and employs 20,000 railroaders, providing extensive rail service and logistics solutions [5] - CPKC aims to grow with its customers by offering a suite of freight transportation services and supply chain expertise [5]
CPKC locks out TCRC employees, moves to full shut down of Canadian rail network
Prnewswire· 2024-08-22 04:16
Core Points - Canadian Pacific Kansas City (CPKC) has initiated a lockout of employees from the Teamsters Canada Rail Conference (TCRC) due to unsuccessful negotiations, affecting both the Train and Engine (T&E) division and the Rail Traffic Controller (RCTC) division [1][2] - CPKC has proposed binding arbitration as a solution to resolve the disputes, which would end the work stoppage and minimize disruptions to supply chains and the economy [2][3] - The company has a strong history of collective bargaining, having only experienced one work stoppage in 36 rounds of negotiations with other unions since 1993, contrasting with the TCRC's frequent need for federal intervention [3][4] Summary by Division TCRC – T&E Division - CPKC has offered a three-year status-quo contract renewal with competitive wage increases, aligning with recent settlements with other railway unions, without any changes to work rules [4] - The enhanced final offer includes wage increases exceeding inflation, an engineers' guaranteed extra board, increased shift differentials, and adjustments to pay timing [4][5] TCRC – RCTC Division - CPKC has proposed a renewed agreement for rail traffic controllers that includes competitive wage increases [5] - The TCRC – T&E division represents approximately 3,200 employees, while the TCRC – RCTC division includes around 80 rail traffic controllers [5] Operational Impact - CPKC has executed a safe and structured shutdown of train operations across Canada to prepare for a full resumption once the work stoppage concludes [5] - The company emphasizes the importance of resolving the labor dispute quickly to protect Canadian supply chains and prevent further economic disruption, especially during the fall peak shipping period [3][4]
Dividend Darlings: 3 Fantastic Stocks To Hold Rain Or Shine
Seeking Alpha· 2024-08-14 11:30
theasisIntroduction I truly believe one of the riskiest situations on the stock market is the one where the market believes "everything is fine." Right now, we could be in such a situation. Inflation, for example, is one of the most important economic indicators the market is watching. Especially after the inflation surge of 2021, inflation has been the single-most watched macro number. Right now, inflation expectations are low. Using New York Fed numbers, inflation expectations haven't been this low si ...