Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Investment analysts at Cormark reduced their FY2017 earnings estimates for shares of Canadian Pacific Railway Limited in a note issued to investors on Wednesday. Cormark analyst D. Tyerman now forecasts that the transportation company will earn $9.13 per share for the year, down from their prior forecast of $9.26. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q4 2017 earnings at $2.60 EPS, Q1 2018 earnings at $2.09 EPS, Q4 2018 earnings at $2.67 EPS, FY2018 earnings at $9.98 EPS, FY2019 earnings at $11.25 EPS, FY2020 earnings at $12.58 EPS and FY2021 earnings at $14.05 EPS.

A number of other equities research analysts also recently weighed in on CP. Cowen and Company lifted their price target on shares of Canadian Pacific Railway Limited from $182.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets restated a “buy” rating and set a $238.00 price objective on shares of Canadian Pacific Railway Limited in a research report on Wednesday. BidaskClub downgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Morgan Stanley boosted their price objective on shares of Canadian Pacific Railway Limited from $214.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and set a $184.00 price objective on shares of Canadian Pacific Railway Limited in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $191.40.

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Shares of Canadian Pacific Railway Limited (NYSE CP) traded up 0.59% during trading on Friday, hitting $178.05. The stock had a trading volume of 191,571 shares. The stock’s 50-day moving average is $164.64 and its 200-day moving average is $158.18. The stock has a market capitalization of $26.01 billion, a P/E ratio of 19.42 and a beta of 1.11. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $179.17.

Several institutional investors have recently modified their holdings of CP. MARSHALL WACE ASIA Ltd bought a new stake in shares of Canadian Pacific Railway Limited in the first quarter worth $553,000. Marshall Wace North America L.P. bought a new stake in shares of Canadian Pacific Railway Limited in the first quarter worth $553,000. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Railway Limited by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,080,214 shares of the transportation company’s stock worth $452,545,000 after purchasing an additional 146,826 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Canadian Pacific Railway Limited by 16.0% in the first quarter. Dimensional Fund Advisors LP now owns 27,150 shares of the transportation company’s stock worth $3,989,000 after purchasing an additional 3,736 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Canadian Pacific Railway Limited in the first quarter worth $1,061,000. 65.93% of the stock is currently owned by institutional investors.

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)

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