Canadian Pacific Railway Limited (USA) (CP) was Resumed by BofA/Merrill to “Buy”. BofA/Merrill advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Topeka Capital Markets Initiated Canadian Pacific Railway Limited (USA) on Mar 24, 2016 to “Hold”, Price Target of the shares are set at $196.Shares were Upgraded by RBC Capital Mkts on Jan 22, 2016 to ” Outperform” and Lowered the Price Target to $ 179 from a previous price target of $189 .Shares were Reiterated by Cowen on Jan 22, 2016 to “Outperform” and Lowered the Price Target to $ 142 from a previous price target of $147 .
On the company’s financial health, Canadian Pacific Railway Limited (USA) reported $2.72 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus of $2.76. The company had revenue of $1687.00 million for the quarter, compared to analysts expectations of $1716.33 million. The company’s revenue was down -4.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.68 EPS.
Canadian Pacific Railway Limited (USA) opened for trading at $136.79 and hit $141.07 on the upside on Monday, eventually ending the session at $139.37, with a gain of 3.40% or 4.58 points. The heightened volatility saw the trading volume jump to 22,83,904 shares. Company has a market cap of $21,327 M.
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.