Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Research analysts at Seaport Global Securities lowered their FY2018 EPS estimates for Canadian Pacific Railway Limited in a report released on Wednesday. Seaport Global Securities analyst M. Levin now expects that the transportation company will post earnings per share of $10.27 for the year, down from their previous forecast of $10.36. Seaport Global Securities also issued estimates for Canadian Pacific Railway Limited’s FY2019 earnings at $11.67 EPS.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research note on Wednesday, July 12th. Stifel Nicolaus lifted their price target on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a “buy” rating in a research note on Tuesday, July 11th. BidaskClub raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Bank of America Corporation lifted their price target on Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $172.00 price target on shares of Canadian Pacific Railway Limited in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $191.40.

WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/10/19/seaport-global-securities-weighs-in-on-canadian-pacific-railway-limiteds-fy2018-earnings-cp.html.

Shares of Canadian Pacific Railway Limited (CP) traded down 0.32% during midday trading on Thursday, hitting $176.54. 417,237 shares of the stock were exchanged. The firm has a 50-day moving average price of $163.99 and a 200 day moving average price of $158.04. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $177.95. The firm has a market cap of $25.79 billion, a PE ratio of 19.26 and a beta of 1.11.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MML Investors Services LLC grew its holdings in Canadian Pacific Railway Limited by 1.1% in the 2nd quarter. MML Investors Services LLC now owns 2,870 shares of the transportation company’s stock valued at $462,000 after buying an additional 32 shares during the period. Edmond DE Rothschild Holding S.A. grew its holdings in Canadian Pacific Railway Limited by 3.2% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock valued at $166,000 after buying an additional 35 shares during the period. Park National Corp OH grew its holdings in Canadian Pacific Railway Limited by 3.4% in the 2nd quarter. Park National Corp OH now owns 1,897 shares of the transportation company’s stock valued at $305,000 after buying an additional 63 shares during the period. Blair William & Co. IL grew its holdings in Canadian Pacific Railway Limited by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 15,366 shares of the transportation company’s stock valued at $2,471,000 after buying an additional 85 shares during the period. Finally, NN Investment Partners Holdings N.V. grew its holdings in Canadian Pacific Railway Limited by 0.8% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 13,077 shares of the transportation company’s stock valued at $2,104,000 after buying an additional 100 shares during the period. Institutional investors own 65.93% of the company’s stock.

Canadian Pacific Railway Limited Company Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Earnings History and Estimates for Canadian Pacific Railway Limited (NYSE:CP)

Receive News & Ratings for Canadian Pacific Railway Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Limited and related companies with MarketBeat.com's FREE daily email newsletter.