Canadian Pacific Rail

CP-T

TSE:CP

301.02
3.18 (1.05%)
The Canadian Pacific Railway, also known formerly as CP Rail between 1968 and 1996, is a historic Canadian Class I railroad incorporated in 1881.
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Analysis and Opinions about CP-T

Signal
Opinion
Expert
COMMENT
COMMENT
July 3, 2018

CN Rail versus CP. He does not see the tariff war directly impacting the rail companies. CN (CNR-T) is a little more exposed to cross-border trade, however. CN is a core holding in his portfolio. He does not hold CP. He would not add to his position, rather would continue to hold.

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CN Rail versus CP. He does not see the tariff war directly impacting the rail companies. CN (CNR-T) is a little more exposed to cross-border trade, however. CN is a core holding in his portfolio. He does not hold CP. He would not add to his position, rather would continue to hold.

COMMENT
COMMENT
March 14, 2018

CN (CNR-T) versus CP (CP-T). He would love to see CNR-T to pullback to $83 and has a model price of $120. He has a model price on CP-T of $261. There is more upside potential on CNR-T.

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CN (CNR-T) versus CP (CP-T). He would love to see CNR-T to pullback to $83 and has a model price of $120. He has a model price on CP-T of $261. There is more upside potential on CNR-T.

COMMENT
COMMENT
February 16, 2018

Canadian National (CNR-T) vs Canadial Pacific (CP-T). He owns CNR-T and thinks CP is more commodity based (grains and agriculture and lumber). CNR-T moves more goods. Oil companies are careful to over committing to rail, because it is more expensive to ship than by pipe. Buy CP if you thing more commodity shipments will occur. Buy CN if you think more inter-modal goods will be shipped.

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Canadian National (CNR-T) vs Canadial Pacific (CP-T). He owns CNR-T and thinks CP is more commodity based (grains and agriculture and lumber). CNR-T moves more goods. Oil companies are careful to over committing to rail, because it is more expensive to ship than by pipe. Buy CP if you thing more commodity shipments will occur. Buy CN if you think more inter-modal goods will be shipped.

BUY
BUY
December 15, 2017

He is modelling 12% EPS growth and is trading at a not a bad multiple compared to the group. He likes this and it will probably go higher. In a pinch, he thinks this is a better value than Canadian National (CNR-T) and it would be one he would be buying.

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He is modelling 12% EPS growth and is trading at a not a bad multiple compared to the group. He likes this and it will probably go higher. In a pinch, he thinks this is a better value than Canadian National (CNR-T) and it would be one he would be buying.

Greg Newman

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Price
$230.050
Owned
Unknown
COMMENT
COMMENT
October 17, 2017

Closed at $210, and he has a model price of $238. When it pulled back to $189, that was a good price. He would love this to come back to $149. This is not too expensive. When it does rally, it will probably rally up to $238 or $237. For fresh capital, there is more and better ideas out there.

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Closed at $210, and he has a model price of $238. When it pulled back to $189, that was a good price. He would love this to come back to $149. This is not too expensive. When it does rally, it will probably rally up to $238 or $237. For fresh capital, there is more and better ideas out there.

COMMENT
COMMENT
September 29, 2017

Has been the most successful rail stock in the last 5 years. His pick has been Canadian National (CNR-T), but rail stocks are GDP growth plus 2%-3%. They have their cost ratio way down. You will do very well on a longer-term view, but if we do have a slowdown in North America, rail stocks are not going to be immune.

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Canadian Pacific Rail (CP-T)
September 29, 2017

Has been the most successful rail stock in the last 5 years. His pick has been Canadian National (CNR-T), but rail stocks are GDP growth plus 2%-3%. They have their cost ratio way down. You will do very well on a longer-term view, but if we do have a slowdown in North America, rail stocks are not going to be immune.

COMMENT
COMMENT
September 6, 2017

Feels this is better value than Canadian National (CNR-T). The management team is very, very good. They do an excellent job in fixing the business. Intermodal is an area of long-term growth in terms of pricing and volume, and he likes the business model. They have pricing power and an excellent network. They are very good at allocating capital. Dividend yield of about 1.2%.

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Feels this is better value than Canadian National (CNR-T). The management team is very, very good. They do an excellent job in fixing the business. Intermodal is an area of long-term growth in terms of pricing and volume, and he likes the business model. They have pricing power and an excellent network. They are very good at allocating capital. Dividend yield of about 1.2%.

COMMENT
COMMENT
August 4, 2017

This wants to trade at $228. His model price valuation is at $220. He sees a $25 upside that could happen at any time. If you are a trader, that is a potential. From a fundamental point of long-term view, if it got back to $143.74, that would be a great opportunity. He is not that high on it, but there is a possible trade coming up on it.

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This wants to trade at $228. His model price valuation is at $220. He sees a $25 upside that could happen at any time. If you are a trader, that is a potential. From a fundamental point of long-term view, if it got back to $143.74, that would be a great opportunity. He is not that high on it, but there is a possible trade coming up on it.

COMMENT
COMMENT
August 3, 2017

Canadian National (CNR-T) and Canadian Pacific (CP-T). These have both lagged relative to the market. The market tends to allocate cash toward certain areas and groups at the expense of others. He thinks it is more of a function of what is going on. Overall, the valuation is not super compelling. If it is a long-term call you are looking for, he would just buy them and put them away.

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Canadian National (CNR-T) and Canadian Pacific (CP-T). These have both lagged relative to the market. The market tends to allocate cash toward certain areas and groups at the expense of others. He thinks it is more of a function of what is going on. Overall, the valuation is not super compelling. If it is a long-term call you are looking for, he would just buy them and put them away.

BUY WEAKNESS
BUY WEAKNESS
August 1, 2017

(Market Call Minute.) Rails are a great business, and this one has corrected a bit. Would prefer something like Union Pacific (UNP-N) or Canadian National (CNR-T).

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(Market Call Minute.) Rails are a great business, and this one has corrected a bit. Would prefer something like Union Pacific (UNP-N) or Canadian National (CNR-T).

Alex Ruus

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Price
$195.930
Owned
Unknown
COMMENT
COMMENT
July 20, 2017

He is looking to pick up both Canadian National (CNR-T) and this one. The chart shows a long upward trend from early 2016, and has just started breaking down through the trend line. It is right at the 200-day moving average and there is a lot of resistance there. If we get the procyclical move that he is expecting, then rails should be part of that.

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He is looking to pick up both Canadian National (CNR-T) and this one. The chart shows a long upward trend from early 2016, and has just started breaking down through the trend line. It is right at the 200-day moving average and there is a lot of resistance there. If we get the procyclical move that he is expecting, then rails should be part of that.

COMMENT
COMMENT
July 13, 2017

He likes the rails and is a really great sector to be in. They’ve consolidated over the last 15-20 years and he can’t see much more consolidation. It’s much more environmentally friendly than trucking. There are better margins because of the technology they’ve put in. If there is a decent pickup in commodities over the next little while, these companies will do very, very well.

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He likes the rails and is a really great sector to be in. They’ve consolidated over the last 15-20 years and he can’t see much more consolidation. It’s much more environmentally friendly than trucking. There are better margins because of the technology they’ve put in. If there is a decent pickup in commodities over the next little while, these companies will do very, very well.

HOLD
HOLD
June 2, 2017

Rails have done well. His model price on this is $232, an 8% premium to the existing price. A year from now, with earnings estimates, it is actually $275. A good holding.

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Rails have done well. His model price on this is $232, an 8% premium to the existing price. A year from now, with earnings estimates, it is actually $275. A good holding.

COMMENT
COMMENT
May 31, 2017

This rail has more exposure to bulk commodities. If there is more movement of bulk commodities such as potash and grain, that will benefit them. He is comfortable owning this.

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This rail has more exposure to bulk commodities. If there is more movement of bulk commodities such as potash and grain, that will benefit them. He is comfortable owning this.

COMMENT
COMMENT
May 15, 2017

Great company. One of 6 major rails in North America. From a long-term perspective, they are all great holdings. This had a fantastic run from 2011 to 2015. It is still in a consolidation phase. The entire rail space is pricey from his perspective, and he has a hard time finding anything to buy in the sector. This would be a Hold to a Weak Sell. On pullbacks, these are very interesting stocks.

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Great company. One of 6 major rails in North America. From a long-term perspective, they are all great holdings. This had a fantastic run from 2011 to 2015. It is still in a consolidation phase. The entire rail space is pricey from his perspective, and he has a hard time finding anything to buy in the sector. This would be a Hold to a Weak Sell. On pullbacks, these are very interesting stocks.

Alex Ruus

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Price
$217.490
Owned
Unknown
PARTIAL SELL
PARTIAL SELL
April 27, 2017

It is a strategic asset. There is a duopoly in the rail space in Canada and this is the leader. They have a pretty well entrenched management team. They can drive some significant improvement in their operating ratios. The valuation is on the rich side so he would take profits.

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It is a strategic asset. There is a duopoly in the rail space in Canada and this is the leader. They have a pretty well entrenched management team. They can drive some significant improvement in their operating ratios. The valuation is on the rich side so he would take profits.

PAST TOP PICK
PAST TOP PICK
April 3, 2017

(Top Pick Feb 6/17, Up 2%) He got out. There was a bit of a lid and he sold at that point. He’d take it out if you made a bit of money on it.

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(Top Pick Feb 6/17, Up 2%) He got out. There was a bit of a lid and he sold at that point. He’d take it out if you made a bit of money on it.

PAST TOP PICK
PAST TOP PICK
March 24, 2017

(Top Pick Mar 31/16, Up 14%) It was cheap relative to the group and still is. He models 12% EPS growth. You can still own this. He prefers this to CNR-T because it has a better valuation and is more commodities focused.

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(Top Pick Mar 31/16, Up 14%) It was cheap relative to the group and still is. He models 12% EPS growth. You can still own this. He prefers this to CNR-T because it has a better valuation and is more commodities focused.

VAGUE
VAGUE
March 23, 2017

CP-T vs. CSX-N. [Caller already had CNR-T] One railroad is enough to own. CSX-Q has already moved since Hunter Harrison moved companies. Just hold on to CNR-T.

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CP-T vs. CSX-N. [Caller already had CNR-T] One railroad is enough to own. CSX-Q has already moved since Hunter Harrison moved companies. Just hold on to CNR-T.

COMMENT
COMMENT
March 20, 2017

There is talk of a merger with CSX (CSX-Q) that is going to take time. Hunter Harrison has his hands full in trying to squeeze costs out of CSX as fast as he did with CP, which has now consolidated. There is now talk that “oil by rail” is going to come back in. There are upticks in industrial activity, which is good for all rail stocks. He is looking hard at this but would like to see some better pricing. He likes other sectors at this time.

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There is talk of a merger with CSX (CSX-Q) that is going to take time. Hunter Harrison has his hands full in trying to squeeze costs out of CSX as fast as he did with CP, which has now consolidated. There is now talk that “oil by rail” is going to come back in. There are upticks in industrial activity, which is good for all rail stocks. He is looking hard at this but would like to see some better pricing. He likes other sectors at this time.

SELL
SELL
February 24, 2017

This is fairly valued at around $200. Management is pretty strong and it has an OK dividend, but operating efficiencies and ratios have improved significantly over time, and how much more can they get out of it at this point. Fully valued. Dividend yield of 1%.

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This is fairly valued at around $200. Management is pretty strong and it has an OK dividend, but operating efficiencies and ratios have improved significantly over time, and how much more can they get out of it at this point. Fully valued. Dividend yield of 1%.

Bill Shaw

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Price
$194.070
Owned
Unknown
HOLD
HOLD
February 16, 2017

He is not generally a big fan of CEOs as a rock stars, but in the case of Hunter Harrison what he did at CP-T was notable. The efficiencies he found will stay on after he leaves. Rails are commodity dependant. If prices go up they will do well. Trump is good for railways. Commodities are unpredictable. He thinks CP-T is fully priced.

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He is not generally a big fan of CEOs as a rock stars, but in the case of Hunter Harrison what he did at CP-T was notable. The efficiencies he found will stay on after he leaves. Rails are commodity dependant. If prices go up they will do well. Trump is good for railways. Commodities are unpredictable. He thinks CP-T is fully priced.

PAST TOP PICK
PAST TOP PICK
February 6, 2017

(A Top Pick Dec 30/16. Up 1.01%.) He really likes the look of the chart. Bought it right about where it is trading at now, but sold it at $202. Even though he liked the bigger formation on the chart, there is a little bit of a lid at around $202 and decided to get out with the market going to look a little choppy. However, he can still re-buy it.

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(A Top Pick Dec 30/16. Up 1.01%.) He really likes the look of the chart. Bought it right about where it is trading at now, but sold it at $202. Even though he liked the bigger formation on the chart, there is a little bit of a lid at around $202 and decided to get out with the market going to look a little choppy. However, he can still re-buy it.

PARTIAL BUY
PARTIAL BUY
January 27, 2017

Canadian National (CNR-T) or Canadian Pacific (CP-T)? He likes both. Hunter Harrison leaving has somewhat neutralized this. On a valuation basis, you aren’t getting a bargain of one over the other. He would take a half position in both.

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Canadian National (CNR-T) or Canadian Pacific (CP-T)? He likes both. Hunter Harrison leaving has somewhat neutralized this. On a valuation basis, you aren’t getting a bargain of one over the other. He would take a half position in both.

TOP PICK
TOP PICK
December 30, 2016

He likes the transports in general. This was in a downtrend, but seems to have broken out, and there is a bit of a base in the breakout. If you buy it at somewhere around $191, in the spring it will be a good time to own it. (Analysts’ price target is $223.21.)

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He likes the transports in general. This was in a downtrend, but seems to have broken out, and there is a bit of a base in the breakout. If you buy it at somewhere around $191, in the spring it will be a good time to own it. (Analysts’ price target is $223.21.)

COMMENT
COMMENT
December 23, 2016

Canadian National (CNR-T) or Canadian Pacific (CP-T)?In his view, Canadian National is the better choice. It is the best quality management, lowest cost operator and the company that puts the most money into their fleet.

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Canadian National (CNR-T) or Canadian Pacific (CP-T)?In his view, Canadian National is the better choice. It is the best quality management, lowest cost operator and the company that puts the most money into their fleet.

COMMENT
COMMENT
December 14, 2016

Rail stocks have done quite well this past year, especially after the US election. She likes the rails, but owns Canadian National (CNR-T), which she feels is the best operator. CP’s operating ratios have lagged, so there could be more upside.

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Rail stocks have done quite well this past year, especially after the US election. She likes the rails, but owns Canadian National (CNR-T), which she feels is the best operator. CP’s operating ratios have lagged, so there could be more upside.

PAST TOP PICK
PAST TOP PICK
December 9, 2016

(A Top Pick March 31/16. Up 20.14%.) He felt that the growth scare we had last year would pass, and that this was very cheap. They had a lot of levers they could pull in terms of cost cutting and lowering their ORs. All of that is still true and this has further to go.

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(A Top Pick March 31/16. Up 20.14%.) He felt that the growth scare we had last year would pass, and that this was very cheap. They had a lot of levers they could pull in terms of cost cutting and lowering their ORs. All of that is still true and this has further to go.

BUY
BUY
December 5, 2016

He likes rails. They are unreplicatable networks. They are diversified. But at any given point you have things that are working and things that are not. Autos are at cyclical peaks. Grain will rebound. He thinks you will get double digit earnings growth going forward. But it won’t be in a straight line.

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He likes rails. They are unreplicatable networks. They are diversified. But at any given point you have things that are working and things that are not. Autos are at cyclical peaks. Grain will rebound. He thinks you will get double digit earnings growth going forward. But it won’t be in a straight line.

BUY
BUY
October 13, 2016

The fundamentals are good. They are reducing the operating ratio and he thinks this is a good long term hold.

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The fundamentals are good. They are reducing the operating ratio and he thinks this is a good long term hold.

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