Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian Pacific Railway Limited    CP   CA13645T1003

CANADIAN PACIFIC RAILWAY LIMITED (CP)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

China data drags TSX to one-week low

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/03/2014 | 10:47pm CEST
People attend a market open ceremony for Toronto Stock Exchange at the TSX Broadcast Centre in Toronto

TORONTO (Reuters) - Canada's main stock index slipped on Friday to its lowest in a week, with sluggish economic data from China weighing on investor sentiment and causing declines in the heavyweight financial, materials and energy sectors.

A government survey showed that growth in China's services sector dropped to a four-month low in December as business expectations fell, adding to figures released earlier this week indicating weakness in the country's manufacturing industry.

After recording a 9.6 percent gain in 2013, the Toronto market declined for a second straight session.

"It's a little bit of a reality check. It probably reflects some position shifting as we begin the new year," said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver.

"Despite the weak start to the year, I don't think anything fundamental has changed in the outlook for equities."

Investors also paid attention to the U.S. Federal Reserve, whose monetary stimulus helped fuel global equity markets last year.

Ben Bernanke, in what could be his last speech as Fed chairman, said the U.S. central bank is no less committed to highly accommodative policy now that it has trimmed its bond-buying stimulus.

"The markets don't want to see aggressive Fed action," Picardo said. "A lot depends on what the pace of the scaling down is going to be going forward."

The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> closed down 45.34 points, or 0.33 percent, at 13,548.85, after slipping to 13,521.75, its lowest since December 27.

Investors realize the need to rethink their expectations at the start of the year after the TSX's robust performance in 2013, its best since 2010.

"It's a good reminder that investors should put things in perspective, make sure that their expectations are appropriately set," said Craig Fehr, Canadian market strategist at Edward Jones in St. Louis, Missouri.

"A year like 2013 skews what investors should be expecting from not only equities, but from a balanced portfolio," he added. "2014 is about readjusting expectations."

Six of the 10 main sectors on the index were in the red in the session.

Energy shares were pulled lower by a drop in the price of U.S. crude oil.

Canadian Natural Resources Ltd (>> Canadian Natural Resources Limited) lost 0.9 percent to C$35.03, having the biggest negative influence on the market. Suncor Energy Inc (>> Suncor Energy Inc.) declined 0.6 percent to C$36.58.

Financials, the index's most heavily weighted sector, were down 0.2 percent. Royal Bank of Canada (>> Royal Bank of Canada), the country's biggest lender, gave back 0.3 percent to C$71.39.

The materials group also stumbled, weighed by a 1.7 percent drop in Goldcorp Inc (>> Goldcorp Inc.).

In corporate news, Canadian Pacific Railway Ltd (>> Canadian Pacific Railway Limited) said late on Thursday it would sell the western part of its Dakota, Minnesota & Eastern Railroad to U.S.-based Genesee & Wyoming Inc (>> Genesee & Wyoming Inc) in a deal worth about $210 million. CP shares edged up to C$159.45.

(Editing by Chris Reese and Chizu Nomiyama)

By John Tilak

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN NATURAL RESOURCES LIMITED 1.84% 42.64 Delayed Quote.-8.44%
GENESEE & WYOMING INC 0.62% 82.6 Delayed Quote.4.27%
GOLDCORP INC. -0.71% 18.09 Delayed Quote.13.66%
ROYAL BANK OF CANADA 0.47% 100.44 Delayed Quote.-2.15%
S&P/TSX COMPOSITE INDEX 0.64% 16420.95 Delayed Quote.0.65%
SUNCOR ENERGY INC. 1.16% 53.1 Delayed Quote.13.74%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CANADIAN PACIFIC RAILWAY L
06/19CANADIAN PACIFIC RAILWAY : CP to report second-quarter 2018 earnings results on ..
AQ
06/19K+S says stoppage at Bethune mine in Canada to hit second quarter earnings
RE
06/14CANADIAN PACIFIC RAILWAY : Rep. Krishnamoorthi, Others Issue Joint Statement on ..
AQ
06/14CANADIAN PACIFIC RAILWAY : Tollway board approves deal with railroad to allow O'..
AQ
06/13CANADIAN PACIFIC RAILWAY : Rep. Raja Krishnamoorthi (D-IL) News Release
AQ
06/13CANADIAN PACIFIC RAILWAY : Sen. Duckworth, Tammy - (D - IL) News Release
AQ
06/13CANADIAN PACIFIC RAILWAY : Dispute over O'Hare access from northwest suburbs nea..
AQ
06/12CANADIAN PACIFIC RAILWAY : Illinois Tollway close to resolving conflict with Can..
AQ
06/12MDU RESOURCES : Natixis Asset Management Trimmed Canadian Pacific Railway LTD (C..
AQ
06/11CANADIAN PACIFIC RAILWAY : says seven railcars carrying crude derailed in Albert..
RE
More news
News from SeekingAlpha
06/19DIVIDEND SENSEI'S PORTFOLIO UPDATE 3 : 3 Reasons You Should Avoid This Dangerous.. 
06/12DIVIDEND SENSEI'S PORTFOLIO UPDATE 3 : Why The Stock Market Might Soar 22% In Th.. 
06/08Top Dividend Raises For May 2018 
06/07Canada's big two railroads to overhaul grain hopper fleets 
06/04DIVIDEND SENSEI'S PORTFOLIO UPDATE 3 : How Warren Buffett's True Secret To Succe.. 
Financials ( CAD)
Sales 2018 6 967 M
EBIT 2018 2 624 M
Net income 2018 1 847 M
Debt 2018 7 814 M
Yield 2018 0,94%
P/E ratio 2018 19,75
P/E ratio 2019 17,36
EV / Sales 2018 6,38x
EV / Sales 2019 6,05x
Capitalization 36 664 M
Chart CANADIAN PACIFIC RAILWAY L
Duration : Period :
Canadian Pacific Railway L Technical Analysis Chart | CP | CA13645T1003 | 4-Traders
Technical analysis trends CANADIAN PACIFIC RAILWAY L
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 251  CAD
Spread / Average Target -0,58%
EPS Revisions
Managers
NameTitle
Keith Edward Creel President, Chief Executive Officer & Director
Andrew Fitzpatrick Reardon Chairman
Robert Johnson Executive Vice President-Operations
Nadeem S. Velani Chief Financial Officer & Vice President
Michael John Redeker Chief Information Officer & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
CANADIAN PACIFIC RAILWAY LIMITED11.47%27 589
UNION PACIFIC9.28%113 661
CANADIAN NATIONAL RAILWAY COMPANY5.72%60 672
CSX CORPORATION17.85%57 870
NORFOLK SOUTHERN CORPORATION4.15%43 449
DSV9.74%15 657