Canadian Pacific Delivers an Excellent 56.7% Operating Ratio on 3% Revenue Growth
Canadian Pacific executed well on decent 4% third-quarter revenue ton mile growth, and raised its guidance to double-digit EPS growth for the full year, an increase from prior high-single-digit percentages guidance over the adjusted 2016 value of CAD 10.29. We’ve tuned our model to match actual performance, but because results don’t differ much from our projections, we anticipate any fair value change will be upward and minor. The guidance bump is a bit more impressive than it might sound at fac...Canadian Pacific Railway operates a transcontinental railway in Canada and the U.S. Co.'s business mix includes bulk commodities, merchandise freight and intermodal traffic, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the U.S. Northeast and Midwest regions. As of Dec 31 2016, Co. operated on a network of approximately 12,400 miles of track, of which CP owns 10,800 miles and has access to 1,600 miles under trackage rights and lease agreements. Of the total mileage operated, about 5,600 miles were located in western Canada, 2,000 miles in eastern Canada, 4,400 miles in the U.S. Midwest and 400 miles in the U.S. Northeast.
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