Canadian Pacific Railway Limited (USA) (CP) was Downgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Strong Buy ” on the company shares. Raymond James advised their investors in a research report released on Oct 17, 2016.
Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 216 from a previous price target of $203 .Canadian Pacific Railway Limited (USA) was Downgraded by Buckingham Research to ” Neutral” on Jul 21, 2016. Company shares were Reiterated by Cowen on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 168 from a previous price target of $166 .
On the company’s financial health, Canadian Pacific Railway Limited (USA) reported $2.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $2.01. The company had revenue of $1450.00 million for the quarter, compared to analysts expectations of $1461.65 million. The company’s revenue was down -12.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.45 EPS.
Canadian Pacific Railway Limited (USA) closed down -1.54 points or -1.01% at $150.71 with 11,93,882 shares getting traded on Friday. Post opening the session at $152.91, the shares hit an intraday low of $150.64 and an intraday high of $153.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.