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    CP   CA13645T1003

CANADIAN PACIFIC RAILWAY LIMITED

(CP)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-09-30 pm EDT
92.21 CAD   -1.86%
09/30Barclays Adjusts Price Target on Canadian Pacific Railway to $77 From $88, Maintains Overweight Rating
MT
09/29Citigroup Trims Price Target on Canadian Pacific Railway to $79 From $81, Reiterates Buy Rating
MT
09/28Susquehanna Adjusts Price Target on Canadian Pacific Railway to $79 From $84, Maintains Positive Rating
MT
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CP Rail, Kansas City Southern Merger Gets Clearance From U.S. Foreign Investment Regulator

08/16/2022 | 08:38am EDT

By Adriano Marchese


Canadian Pacific Railway Ltd. overcame another regulatory hurdle after receiving clearance from the U.S.'s foreign investment regulator for its proposed merger with Kansas City Southern.

On Tuesday, the Canadian railroad operator said the Committee on Foreign Investment has granted clearance to the two companies which completed the transaction in mid-December of last year.

The merger is still awaiting a critical decision by the U.S. Surface Transportation Board which is currently undergoing its own regulatory review of the companies' joint railroad control application.

The STB review is expected to be completed in early 2023.

The Kansas City Southern shares are currently in a voting trust and will operate independently of CP until the STB makes its decision.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

08-16-22 0837ET

All news about CANADIAN PACIFIC RAILWAY LIMITED
09/30Barclays Adjusts Price Target on Canadian Pacific Railway to $77 From $88, Maintains Ov..
MT
09/29Citigroup Trims Price Target on Canadian Pacific Railway to $79 From $81, Reiterates Bu..
MT
09/28Susquehanna Adjusts Price Target on Canadian Pacific Railway to $79 From $84, Maintains..
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Analyst Recommendations on CANADIAN PACIFIC RAILWAY LIMITED
More recommendations
Financials
Sales 2022 8 768 M 6 386 M 6 386 M
Net income 2022 3 318 M 2 416 M 2 416 M
Net Debt 2022 18 630 M 13 569 M 13 569 M
P/E ratio 2022 26,1x
Yield 2022 0,82%
Capitalization 85 763 M 62 466 M 62 466 M
EV / Sales 2022 11,9x
EV / Sales 2023 7,43x
Nbr of Employees 12 711
Free-Float 100,0%
Chart CANADIAN PACIFIC RAILWAY LIMITED
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Technical analysis trends CANADIAN PACIFIC RAILWAY LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 92,21 CAD
Average target price 105,60 CAD
Spread / Average Target 14,5%
EPS Revisions
Managers and Directors
Keith Edward Creel President, Chief Executive Officer & Director
Nadeem S. Velani Chief Financial Officer & Executive Vice President
Isabelle Courville Chairman
Justin Dale Meyer Senior Vice President-Engineering & Mechanical
Pam Arpin Chief Information Officer & Vice President