TSE:CP

Canadian Pacific Rail (CP.TO)

122.41
-1.78 (1.43%)
as of Sep 18, 2026, 8:00:01 pm Market Open.
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DON'T BUY
Have this paired by shorting this and owning CNR (CNR-T). CP got a little ahead of itself in the short term as a result of the coal settlement.
TOP PICK
Trades about 10% less on a P/E basis to CNR (CNR-T). They're going to make a major western expansion which will be all financed from free cash flow. Good opportunity to get something on the rebound as it has had trouble disappointing investors over the last couple of years. New coal agreements signed will give them higher revenues.
BUY
For a long term holder, this is going to be a growth story over the next 2/3 years as they expand rail capacity to get all these resources in Canada out to the west coast. Just had a major re-negotiation of their coal contracts
TOP PICK
His chicken cyclical pick. Now with concerns of higher rates and inflation and the end of the cycle, this gives you exposure to low risks cyclical upsides like coal, grain, etc. Have also announced an expansion. Given the expansion, it is trading at about 13 X next year.
HOLD
If you own CP or Canadian National (CNR-T) keep holding them as they are beneficiaries of the commodity cycle. CN has better upside potential than CP, but you are paying for it at 2.5 X book. CP runs at about 1.6 X book
DON'T BUY
Has done better than he expected. Had been concerned with management because of missing its mark through a series of problems. They caught the tail wind from Canadian resource industry. Thinks the stock got a little bit ahead of itself.
BUY
Railroad industry is in good shape. Should continue to see good pricing. Tied to the commodity cycle so that could be a risk.
BUY
Q: Trade CNR (CNR-T) for CP (CP-T)? A: Likes both of the stocks but wouldn't trade. Has more operating issues than CNR.
DON'T BUY
Prefers CNR (CNR-T) as it is much better managed and slightly cheaper. On a going-forward basis, CNR is definitely the better choice.
DON'T BUY
It's weakness is that it is up over 1.5 X Book. CNR is 2.5 X Book, but has greater upside.
DON'T BUY
Have dropping their operating ratios, but not as well as CNR. Not a bad sector to be in. Would prefer CNR.
BUY
Should continue to do well.
BUY
Very exposed to commodity prices. A great way to play any increase in trading of commodities.
TOP PICK
Thinks there's a long term revaluation taking place in rails. A lot of outsourced products will be coming in from China and will be handled by rail. There's volume and pricing growth and thinks that earnings are going to surprise.
BUY
Prefers Canadian National which is better run and has a lower expense ratio. This company is a good play on Chinese growth. Has been getting big increases in its coal traffic.
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