Canadian Pacific Kansas City Ltd
CP: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 281.00 | Sqng | Sgtnlddp |
Canadian Pacific Earnings: Intermodal Is Stabilizing and 2024 Guidance Looks Favorable
Wide-moat Canadian Pacific Kansas City's fourth quarter pro forma revenue, combining CP and Kansas City Southern results, grew 4% year over year, slightly ahead of our expected run rate on better-than-anticipated yields (revenue per carload). Volume was mostly in line and core carload pricing remains positive.