Trade Report: The Canadian Pacific Railway Ltd. (CP) Scheduled to Post Earnings on Wednesday

The Canadian Pacific Railway Ltd. (CP) Scheduled to Post Earnings on Wednesday

Canadian Pacific Railway Ltd. (NYSE:CP) is scheduled to be posting its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect Canadian Pacific Railway to post earnings of $2.21 per share and revenue of $1.26 billion for the quarter.

Shares of Canadian Pacific Railway Ltd. (NYSE:CP) opened at 150.35 on Tuesday. The company has a market cap of $22.22 billion, a price-to-earnings ratio of 20.34 and a beta of 1.32. The stock’s 50 day moving average is $150.83 and its 200-day moving average is $141.79. Canadian Pacific Railway Ltd. has a 52 week low of $97.09 and a 52 week high of $157.34.

In related news, Director Pershing Square Capital Manage sold 9,840,890 shares of the stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp raised its position in Canadian Pacific Railway by 5.2% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the company’s stock worth $176,000 after buying an additional 68 shares in the last quarter. Jefferies Group LLC acquired a new position in Canadian Pacific Railway during the second quarter worth about $284,000. Guardian Capital Advisors LP raised its position in Canadian Pacific Railway by 101.7% in the second quarter. Guardian Capital Advisors LP now owns 2,809 shares of the company’s stock worth $367,000 after buying an additional 1,416 shares in the last quarter. Nuveen Fund Advisors LLC acquired a new position in Canadian Pacific Railway during the second quarter worth about $431,000. Finally, Counsel Portfolio Services Inc. acquired a new position in Canadian Pacific Railway during the second quarter worth about $436,000. 68.20% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on CP. Argus upped their target price on shares of Canadian Pacific Railway from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. RBC Capital Markets reaffirmed an “outperform” rating and set a $216.00 price target (up previously from $203.00) on shares of Canadian Pacific Railway in a research note on Friday, July 22nd. Atlantic Securities started coverage on shares of Canadian Pacific Railway in a research note on Thursday, August 11th. They set an “overweight” rating on the stock. Cowen and Company decreased their price target on shares of Canadian Pacific Railway from $168.00 to $166.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 22nd. Finally, Royal Bank Of Canada decreased their price target on shares of Canadian Pacific Railway from $209.00 to $203.00 and set an “outperform” rating on the stock in a research note on Thursday, June 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the stock. Canadian Pacific Railway has an average rating of “Buy” and an average price target of $177.89.

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