Canadian Pacific Railway Limited (USA) (CP) is Resumed by JP Morgan to Neutral

Canadian Pacific Railway Limited (USA) (CP) was Resumed by JP Morgan to “Neutral”. JP Morgan advised their investors in a research report released on Apr 25, 2016.

Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Company shares were Reiterated by Cowen on Apr 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 162 from a previous price target of $142 .Canadian Pacific Railway Limited (USA) was Downgraded by Desjardins to ” Hold” on Apr 21, 2016. Canadian Pacific Railway Limited (USA) was Resumed by BofA/Merrill to “Buy” on Apr 13, 2016.

On the company’s financial health, Canadian Pacific Railway Limited (USA) reported $2.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $2.40. The company had revenue of $1591.00 million for the quarter, compared to analysts expectations of $1612.87 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.26 EPS.

Canadian Pacific Railway Limited (USA) closed down -0.72 points or -0.48% at $149.44 with 17,57,437 shares getting traded on Friday. Post opening the session at $150.12, the shares hit an intraday low of $148.0901 and an intraday high of $151.38 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CP provides rail and intermodal transportation services over a network of approximately 13700 miles serving the principal business centers of Canada from Montreal Quebec to Vancouver British Columbia (B.C.) and the United States Northeast and Midwest regions. The Company transports bulk commodities merchandise freight and intermodal traffic. Bulk commodities include Canadian grain U.S. grain coal potash and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts chemicals and plastics crude oil forest products and metals minerals and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train ship and truck and in domestic containers and trailers that can be moved by train and truck.

Canadian Pacific Railway Limited (USA)

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