Canadian Pacific Railway Ltd. (NYSE:CP) – Equities researchers at Raymond James Financial cut their Q3 2016 earnings per share estimates for Canadian Pacific Railway in a research note issued to investors on Monday. Raymond James Financial analyst S. Hansen now anticipates that the firm will post earnings per share of $2.12 for the quarter, down from their previous estimate of $2.18. Raymond James Financial currently has a “Outperform” rating on the stock. Raymond James Financial also issued estimates for Canadian Pacific Railway’s Q4 2016 earnings at $2.45 EPS, FY2016 earnings at $8.03 EPS, Q1 2017 earnings at $2.14 EPS, Q2 2017 earnings at $2.14 EPS, Q3 2017 earnings at $2.57 EPS, Q4 2017 earnings at $2.58 EPS, FY2017 earnings at $9.42 EPS and FY2018 earnings at $10.48 EPS.

Other equities analysts have also recently issued reports about the stock. Desjardins raised shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating and reduced their price objective for the company from $204.00 to $195.00 in a research note on Wednesday, June 22nd. Buckingham Research reaffirmed a “buy” rating and issued a $157.00 price objective (down from $165.00) on shares of Canadian Pacific Railway in a research note on Friday, July 1st. Argus initiated coverage on shares of Canadian Pacific Railway in a research note on Thursday, June 30th. They issued a “buy” rating and a $155.00 price objective on the stock. Citigroup Inc. raised their price objective on shares of Canadian Pacific Railway from $154.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, September 13th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Canadian Pacific Railway in a research note on Tuesday, September 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $177.89.

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

Canadian Pacific Railway (NYSE:CP) opened at 153.43 on Tuesday. The firm has a market capitalization of $22.67 billion, a P/E ratio of 20.76 and a beta of 1.32. Canadian Pacific Railway has a 1-year low of $97.09 and a 1-year high of $157.34. The stock has a 50 day moving average of $150.79 and a 200-day moving average of $141.95.

In other Canadian Pacific Railway news, Director Pershing Square Capital Manage sold 9,840,890 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $141.68, for a total value of $1,394,257,295.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CP. AMP Capital Investors Ltd increased its stake in Canadian Pacific Railway by 0.5% in the first quarter. AMP Capital Investors Ltd now owns 58,959 shares of the company’s stock worth $7,920,000 after buying an additional 300 shares in the last quarter. Scharf Investments LLC increased its stake in Canadian Pacific Railway by 5.0% in the first quarter. Scharf Investments LLC now owns 728,934 shares of the company’s stock worth $96,722,000 after buying an additional 34,892 shares in the last quarter. Renaissance Technologies LLC increased its stake in Canadian Pacific Railway by 564.3% in the first quarter. Renaissance Technologies LLC now owns 417,200 shares of the company’s stock worth $55,366,000 after buying an additional 354,400 shares in the last quarter. HBK Investments L P increased its stake in Canadian Pacific Railway by 42.4% in the first quarter. HBK Investments L P now owns 54,116 shares of the company’s stock worth $7,181,000 after buying an additional 16,111 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Canadian Pacific Railway by 11.6% in the first quarter. Goldman Sachs Group Inc. now owns 467,415 shares of the company’s stock worth $62,022,000 after buying an additional 48,522 shares in the last quarter. 68.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

5 Day Chart for NYSE:CP

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