Canadian Pacific Railway Ltd Stock Buy Recommendation Reiterated (CP)
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- CP's revenue growth has slightly outpaced the industry average of 2.0%. Since the same quarter one year prior, revenues slightly increased by 8.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Road & Rail industry. The net income increased by 52.8% when compared to the same quarter one year prior, rising from $142.00 million to $217.00 million.
- Net operating cash flow has increased to $267.00 million or 32.83% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 7.18%.
- Powered by its strong earnings growth of 51.21% and other important driving factors, this stock has surged by 58.94% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
- CANADIAN PACIFIC RAILWAY LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, CANADIAN PACIFIC RAILWAY LTD reported lower earnings of $2.80 versus $3.35 in the prior year.
--Written by a member of TheStreet Ratings Staff. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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