Canadian Pacific Kansas City Ltd
CP: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 257.00 | Bjvt | Dbytbltxg |
Canadian Pacific Earnings: Intermodal Activity Handily Outperforms Peers on New Business Wins
Wide-moat railroad Canadian Pacific's first-quarter revenue grew a solid 19% year over year (removing foreign exchange) on higher fuel surcharges, core rate gains, and surprisingly resilient volume expansion. Revenue came in ahead of our forecast on better-than-anticipated adjusted yield (up 10%) and volume (up 9%) gains.