Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Equities researchers at Seaport Global Securities reduced their FY2017 earnings per share estimates for Canadian Pacific Railway Limited in a research note issued on Wednesday. Seaport Global Securities analyst M. Levin now forecasts that the transportation company will post earnings of $9.10 per share for the year, down from their prior forecast of $9.12. Seaport Global Securities also issued estimates for Canadian Pacific Railway Limited’s Q4 2017 earnings at $2.60 EPS.

A number of other brokerages have also issued reports on CP. Argus boosted their target price on Canadian Pacific Railway Limited from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday. J P Morgan Chase & Co raised Canadian Pacific Railway Limited from a “neutral” rating to an “overweight” rating in a research report on Thursday, October 12th. BMO Capital Markets reaffirmed a “buy” rating and set a $238.00 target price on shares of Canadian Pacific Railway Limited in a research report on Wednesday. Morgan Stanley boosted their target price on Canadian Pacific Railway Limited from $214.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Cowen and Company boosted their target price on Canadian Pacific Railway Limited from $182.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $191.40.

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Canadian Pacific Railway Limited (NYSE CP) traded up 0.53% during mid-day trading on Friday, hitting $177.94. The company had a trading volume of 190,784 shares. The company’s 50 day moving average price is $164.64 and its 200-day moving average price is $158.18. The company has a market cap of $25.99 billion, a PE ratio of 19.41 and a beta of 1.11. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $179.17.

Institutional investors and hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new position in shares of Canadian Pacific Railway Limited in the 2nd quarter valued at $130,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Canadian Pacific Railway Limited by 23.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 167 shares during the period. Parallel Advisors LLC lifted its stake in shares of Canadian Pacific Railway Limited by 13.0% in the 2nd quarter. Parallel Advisors LLC now owns 983 shares of the transportation company’s stock valued at $154,000 after purchasing an additional 113 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Canadian Pacific Railway Limited in the 2nd quarter valued at $163,000. Finally, BTC Capital Management Inc. acquired a new position in shares of Canadian Pacific Railway Limited in the 2nd quarter valued at $209,000. Hedge funds and other institutional investors own 65.93% of the company’s stock.

About Canadian Pacific Railway Limited

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)

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