Q3 2017 EPS Estimates for Canadian Pacific Railway Limited Reduced by Analyst (CP)

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Investment analysts at Desjardins decreased their Q3 2017 earnings per share (EPS) estimates for Canadian Pacific Railway Limited in a report released on Monday. Desjardins analyst B. Poirier now anticipates that the transportation company will post earnings per share of $2.26 for the quarter, down from their prior forecast of $2.35.

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Several other equities analysts have also recently issued reports on CP. 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. BMO Capital Markets reiterated a “buy” rating and issued a $238.00 price target on shares of Canadian Pacific Railway Limited in a report on Wednesday. BidaskClub cut Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. 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. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $184.00 price target on shares of Canadian Pacific Railway Limited in a report on Wednesday, August 16th. One equities 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’s stock. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and an average target price of $190.40.

Shares of Canadian Pacific Railway Limited (NYSE CP) opened at 177.10 on Wednesday. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $177.95. The firm has a market cap of $25.87 billion, a P/E ratio of 19.32 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.

Several large investors have recently added to or reduced their stakes in CP. Causeway Capital Management LLC bought a new position in shares of Canadian Pacific Railway Limited during the 1st quarter valued at about $662,274,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Canadian Pacific Railway Limited by 62,170.8% during 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 in the last quarter. Janus Henderson Group PLC bought a new position in shares of Canadian Pacific Railway Limited during the 2nd quarter valued at about $108,548,000. CIBC Asset Management Inc lifted its holdings in shares of Canadian Pacific Railway Limited by 31.7% during the 2nd quarter. CIBC Asset Management Inc now owns 2,191,935 shares of the transportation company’s stock valued at $352,265,000 after purchasing an additional 527,453 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Canadian Pacific Railway Limited by 147.1% during the 1st quarter. Point72 Asset Management L.P. now owns 385,700 shares of the transportation company’s stock valued at $56,667,000 after purchasing an additional 229,600 shares in the last quarter. 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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