Canadian Pacific Railway Limited (USA) (CP) was Resumed by Morgan Stanley to “Overweight”. Morgan Stanley advised their investors in a research report released on Jun 3, 2016.
Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Canadian Pacific Railway Limited (USA) was Initiated by Credit Agricole to “Underperform” on May 19, 2016. Canadian Pacific Railway Limited (USA) was Resumed by JP Morgan to “Neutral” on Apr 25, 2016. 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 .
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) opened for trading at $128.73 and hit $131.2 on the upside on Wednesday, eventually ending the session at $130.77, with a gain of 0.91% or 1.18 points. The heightened volatility saw the trading volume jump to 6,66,776 shares. Company has a market cap of $20,016 M.
In a different news, on Apr 27, 2016, Peter John Edwards (VP HR & Labour Relations) purchased 1 shares at $147.00 per share price. According to the SEC, on Apr 27, 2016, Matthew H Paull (director) purchased 1,000 shares at $143.89 per share price.
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.