FY2017 EPS Estimates for Canadian Pacific Railway Limited (CP) Raised by Analyst

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Desjardins boosted their FY2017 earnings estimates for shares of Canadian Pacific Railway Limited in a research report issued to clients and investors on Monday. Desjardins analyst B. Poirier now forecasts that the transportation company will post earnings per share of $9.17 for the year, up from their previous forecast of $9.06. Desjardins also issued estimates for Canadian Pacific Railway Limited’s FY2019 earnings at $11.34 EPS.

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A number of other brokerages have also commented on CP. J P Morgan Chase & Co raised Canadian Pacific Railway Limited from a “neutral” rating to an “overweight” rating in a report on Thursday, October 12th. BMO Capital Markets reissued a “buy” rating and set a $238.00 price target on shares of Canadian Pacific Railway Limited in a report on Wednesday. Morgan Stanley raised their price target on Canadian Pacific Railway Limited from $214.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday. Cowen and Company raised their price target on Canadian Pacific Railway Limited from $182.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Credit Suisse Group reissued an “outperform” rating and set a $183.00 price target (up from $178.00) on shares of Canadian Pacific Railway Limited in a report on Thursday, July 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $190.40.

Shares of Canadian Pacific Railway Limited (NYSE:CP) traded down 0.34% during midday trading on Tuesday, hitting $176.49. 130,973 shares of the company’s stock traded hands. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $177.95. The stock has a market cap of $25.78 billion, a P/E ratio of 19.25 and a beta of 1.11. The company has a 50 day moving average of $163.99 and a 200 day moving average of $158.04.

Large investors have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its position in shares of Canadian Pacific Railway Limited by 0.4% in the 2nd quarter. Swiss National Bank now owns 565,300 shares of the transportation company’s stock valued at $90,969,000 after purchasing an additional 2,500 shares during the period. CIBC World Markets Inc. boosted its position in shares of Canadian Pacific Railway Limited by 0.7% in the 2nd quarter. CIBC World Markets Inc. now owns 1,854,390 shares of the transportation company’s stock valued at $298,204,000 after purchasing an additional 13,562 shares during the period. Boston Common Asset Management LLC boosted its position in shares of Canadian Pacific Railway Limited by 1.1% in the 1st quarter. Boston Common Asset Management LLC now owns 23,789 shares of the transportation company’s stock valued at $3,495,000 after purchasing an additional 260 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Canadian Pacific Railway Limited by 62,170.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 934,062 shares of the transportation company’s stock valued at $150,200,000 after purchasing an additional 932,562 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Canadian Pacific Railway Limited by 14.9% in the 1st quarter. AQR Capital Management LLC now owns 29,237 shares of the transportation company’s stock valued at $4,283,000 after purchasing an additional 3,790 shares during the period. Institutional investors and hedge funds own 65.93% of the company’s stock.

Canadian Pacific Railway Limited Company Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Earnings History and Estimates for Canadian Pacific Railway Limited (NYSE:CP)

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