Canadian Pacific Railway Limited (USA) (CP) is Reiterated by Cowen to Outperform, Raises Price Target to $ 162

Canadian Pacific Railway Limited (USA) (CP) was Reiterated by Cowen to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 162 from a previous price target of $142 . Cowen advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Canadian Pacific Railway Limited (USA) was Resumed by BofA/Merrill to “Buy” on Apr 13, 2016. Topeka Capital Markets Initiated Canadian Pacific Railway Limited (USA) on Mar 24, 2016 to “Hold”, Price Target of the shares are set at $196.

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 -0.42 points or -0.29% at $145.75 with 7,55,687 shares getting traded on Monday. Post opening the session at $145.03, the shares hit an intraday low of $143.7972 and an intraday high of $146.95 and the price fluctuated in this range throughout the day.Shares ended Monday 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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