Argus Research Initiates Coverage on Canadian Pacific Railway Limited (USA) to Buy

Argus Research Initiates Coverage on Canadian Pacific Railway Limited (USA)(NYSE:CP). The shares have been rated Buy. The rating by Argus Research was issued on Jun 30, 2016.

In a different note, On Jun 22, 2016, Raymond James said it Upgrades its rating on Canadian Pacific Railway Limited (USA). The shares have been rated ‘Strong Buy’ by the firm. On Jun 3, 2016, Morgan Stanley said it Assumes its rating on Canadian Pacific Railway Limited (USA). The shares have been rated ‘Overweight’ by the firm. CLSA said it Initiates Coverage on Canadian Pacific Railway Limited (USA), according to a research note issued on May 19, 2016. The shares have been rated ‘Underperform’ by the firm. JP Morgan said it Initiates Coverage on Canadian Pacific Railway Limited (USA), according to a research note issued on Apr 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Apr 21, 2016, Cowen & Company said it Maintains its rating on Canadian Pacific Railway Limited (USA). In the research note, the firm Raises the price-target to $142.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 21, 2016, Bernstein said it Maintains its rating on Canadian Pacific Railway Limited (USA). In the research note, the firm Raises the price-target to $155.00 per share. The shares have been rated ‘Outperform’ by the firm.

Canadian Pacific Railway Limited (USA) (CP) shares turned negative on Tuesdays trading session with the shares closing down -0.25 points or -0.19% at a volume of 9,77,415. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $131.31. The peak price level was also seen at $131.31 while the days lowest was $129.78. Finally the shares closed at $129.91. The 52-week high of the shares is $163.39 while the 52-week low is $97.09. According to the latest information available, the market cap of the company is $19,884 M.

Canadian Pacific Railway Limited (USA)(CP) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.16B. Analysts had an estimated revenue of $1.61B. Earnings per share were $1.83. Analysts had estimated an EPS of $2.41.

Several Insider Transactions has been reported to the SEC. On Apr 27, 2016, Peter John Edwards (VP HR & Labour Relations) purchased 1 shares at $147.00 per share price.Also, On Apr 27, 2016, Matthew H Paull (director) purchased 1,000 shares at $143.89 per share price.

Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CP provides rail and intermodal transportation services over a network of approximately 13700 miles serving the principal business centers of Canada from Montreal Quebec to Vancouver British Columbia (B.C.) and the United States Northeast and Midwest regions. The Company transports bulk commodities merchandise freight and intermodal traffic. Bulk commodities include Canadian grain U.S. grain coal potash and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts chemicals and plastics crude oil forest products and metals minerals and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train ship and truck and in domestic containers and trailers that can be moved by train and truck.

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