Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Stock analysts at Desjardins upped their FY2017 earnings per share estimates for shares of Canadian Pacific Railway Limited in a research note issued on Wednesday. Desjardins analyst B. Poirier now forecasts that the transportation company will post earnings of $9.18 per share for the year, up from their previous estimate of $9.17. Desjardins also issued estimates for Canadian Pacific Railway Limited’s FY2018 earnings at $10.19 EPS and FY2020 earnings at $12.88 EPS.

Several other research analysts have also weighed in on the company. 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. Morgan Stanley lowered their price target on Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 25th. Zacks Investment Research lowered Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $184.00 price target on shares of Canadian Pacific Railway Limited in a research report on Thursday, September 21st. 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 report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $190.40.

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Shares of Canadian Pacific Railway Limited (CP) opened at 177.10 on Thursday. The firm’s 50-day moving average price is $163.99 and its 200-day moving average price is $158.04. Canadian Pacific Railway Limited has a 12 month low of $139.29 and a 12 month high of $177.95. The company has a market cap of $25.87 billion, a PE ratio of 19.32 and a beta of 1.11.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MML Investors Services LLC boosted its stake 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 purchasing an additional 32 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake 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 purchasing an additional 35 shares during the period. Park National Corp OH boosted its stake 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 purchasing an additional 63 shares during the period. Blair William & Co. IL boosted its stake 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 purchasing an additional 85 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its stake 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 purchasing an additional 100 shares during the period. Institutional investors and hedge funds 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)

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