What analyst predict for Canadian Pacific Railway Limited NYSE:CP?
Canadian Pacific Railway Limited NYSE:CP
Canadian Pacific Railway Limited is stock market daily expected to report earnings on 04/18/2018 after market close. The report will be for the fiscal Quarter ending Mar 2018. According to Investment Research, based on 10 analysts forecasts the consensus EPS forecast for the quarter is $2.16. The reported EPS for the same quarter last year was $1.9.
Overview of Canadian Pacific Railway Limited NYSE:CP
The Canadian Pacific Railway (CPR), also known formerly as CP Rail (reporting mark CP) between 1968 and 1996, is a historic Canadian Class I railroad incorporated in 1881. The railroad is owned by Canadian Pacific Railway Limited, which began operations as legal owner in a corporate restructuring in 2001.
Headquartered in Calgary, Alberta, it owns approximately 20,000 kilometres (12,500 mi) of track all across Canada and into the United States,stretching from Montreal to Vancouver, and as far north as Edmonton. Its rail network also serves Minneapolis-St. Paul, Milwaukee, Detroit, Chicago, and New York City in the United States.
The railway was originally built between Eastern Canada and British Columbia between 1881 and 1885 (connecting with Ottawa Valley and Georgian Bay area lines built earlier), fulfilling a promise extended to British Columbia when it entered Confederation in 1871. It was Canada’s first transcontinental railway, but no longer reaches the Atlantic coast. Primarily a freight railway, the CPR was for decades the only practical means of long-distance passenger transport in most regions of Canada, and was instrumental in the settlement and development of Western Canada. The CPR became one of the largest and most powerful companies in Canada, a position it held as late as 1975.Its primary passenger services were eliminated in 1986, after being assumed by Via Rail Canada in 1978. A beaver was chosen as the railway’s logo in honor of Sir Donald A Smith (1st. Baron Strathcona and Mount Royal) who had risen from Factor to Govenor of the Hudson’s Bay Company over a lengthy career in the beaver fur trade . Smith was a principal financier of the C.P.R. staking much of his personal wealth. In 1885 he drove the last spike to complete the transcontinental line.
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