Canadian Pacific Kansas City Ltd
CP: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 223.00 | Fbqtx | Kzvfndbd |
Canadian Pacific Earnings: Margins Unspectacular, but Growth Outlook Remains Favorable
Wide-moat Canadian Pacific Kansas City's first-quarter pro-forma revenue (combining CP and Kansas City Southern results) grew 2% year over year on higher yields, partly offset by lower consolidated volumes. Revenue came in slightly shy of our expected run rate, but that's mostly because of coal activity, which should see some recovery.