|Bid||76.24 x 900|
|Ask||76.50 x 900|
|Day's Range||74.76 - 76.63|
|52 Week Range||58.79 - 83.07|
|Beta (5Y Monthly)||0.66|
|PE Ratio (TTM)||4.79|
|Earnings Date||Oct. 18, 2021 - Oct. 22, 2021|
|Forward Dividend & Yield||0.60 (0.87%)|
|Ex-Dividend Date||Sep. 23, 2021|
|1y Target Est||82.30|
Deterioration in the Q3 operating ratio does not bode well for Canadian Pacific (CP).
Canadian National Railway (NYSE: CNI) delivered a clear message that the company is moving on following its failed attempt to acquire Kansas City Southern (NYSE: KSU), reporting strong third-quarter results and announcing a management transition that should help appease a disgruntled shareholder. The railroad has taken investors on a wild ride this year, in April launching an unsolicited $33 billion effort to break up Kansas City Southern's planned acquisition by Canadian Pacific (NYSE: CP). Canadian National temporarily secured Kansas City Southern's backing, but the target eventually returned to Canadian Pacific after U.S. regulators expressed concerns about the competitive impact of a Canadian National/Kansas City Southern deal.
At this time, I would like to welcome everyone to Canadian Pacific's Third Quarter 2021 Conference Call. The formal remarks today will be followed by Q&A. And in the interest of time, we would appreciate if you could limit your questions to one.