Railroads

Canadian National Railway (NYSE: CNI) Reports EPS of $0.90 vs. $0.88 Estimate; Revenues $2.08B vs. $2.11B Estimate

I've bought the long-setup, Union Pacific Corp (UNP) today at $99.00. At this moment, it is breaking out and $100+ seems to be on the horizon. My suspicion is that we'll see a lot of short-covering in this play, as well as the general markets too. The short-setup PWER is very volatile and high-risk...

Dahlman Rose is out with its report today on Canadian Pacific Railway (NYSE: CP), maintaining Hold. In a note to clients, Dahlman Rose writes, "Given our March 22 estimate revision following the company's lowered guidance, we see little need to change our 2011 and 2012 EPS estimates of C$3.85 and...

Dahlman Rose is out with its report today on Kansas City Southern (NYSE: KSU), maintaining Hold. In a note to clients, Dahlman Rose writes, "In light of the largely in-line results, we are maintaining our 2011 and 2012 EPS estimates of $2.70 and $3.20, respectively. Given its solid fundamentals...

CN (NYSE: CNI) announced today it has reached a voluntary mitigation agreement with the Village of Wayne, Ill., located approximately 33 miles northwest of downtown Chicago, regarding its acquisition of the Elgin, Joliet and Eastern Railway Company. With this agreement, CN has VMAs with 82 per cent...

Dahlman Rose & Co. has a $117 price target and a Buy rating on shares of Union Pacific (NYSE: UNP) after it reported earnings yesterday. In a note to investors, Dahlman Rose writes, "We are lowering our earnings estimates due to fuel cost headwinds, the negative impact of the recent Japan...

Dahlman Rose & Co. is raising its earnings estimates and price target on shares of CSX Corporation (NYSE: CSX) following a strong earnings report. The price target goes to $90 from $86, and it has a Buy rating on shares. In a note to clients, Dahlman Rose writes, "We are raising our EPS...

According to J.P. Morgan, Union Pacific (NYSE: UNP) 1Q11 EPS was modestly below forecast and Consensus as compensation / benefits rose more than expected and yield growth was about 1.6 pp lower than forecast. J.P. Morgan said that it expects UNP to continue to face cost pressures over the next...

KBR Inc (NYSE: KBR) was upgraded by KeyBanc Capital from "hold" to "buy." KBR's shares closed at $36.73 yesterday. KBR's trailing-twelve-month revenue is $9.96 billion. Ticonderoga upgraded Charles Schwab Corporation (NYSE: SCHW) from “neutral” to “buy.” SCHW's shares closed at $18.59 yesterday....

KC Southern Reports Q1 Revenues $488.6M vs. $482.7M Est. (NYSE: KSU)

Kansas City Southern (NYSE: KSU) Reports EPS $0.58 vs. $0.57

Canadian Pacific (NYSE: CP) Reports Q1 EPS of CAD$0.20 $0.02 vs. CAD$0.18 Estimate; Revenues CAD$1.16B vs the CAD$1.17B Estimate

Jefferies reports that it is struggling to understand why CSX Corp. (NYSE: CSX) was off “as much as 5% intraday on a $0.02 EPS beat.” “Quality of earnings was high, as the company upsided our operating income forecast by $0.04,” Jefferies writes. “Strength was driven by coal yields, up 15.7% YoY....

Canadian Pacific Railway (NYSE: CP) Reports Q1 EPS of $0.20 vs. $0.20; Revenues $1.2B vs. $1.20B

JP Morgan has raised the price target on Union Pacific (NYSE: UNP) from $102 to $106 and maintains its Overweight rating.