Barclays Maintains Canadian Pacific Railway Limited (USA) to Overweight with Price Target $172.00

Brokerage firm Barclays Maintains its rating on Canadian Pacific Railway Limited (USA)(NYSE:CP). In a research note issued to the investors, the brokerage major Raises the price-target to $172.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 12, 2016.

In a different note, Atlantic Equities said it Initiates Coverage on Canadian Pacific Railway Limited (USA), according to a research note issued on Aug 11, 2016. The shares have been rated ‘Overweight’ by the firm. Loop Capital said it Initiates Coverage on Canadian Pacific Railway Limited (USA), according to a research note issued on Aug 4, 2016. The shares have been rated ‘Hold’ by the firm. On Jul 21, 2016, Buckingham Research said it Downgrades its rating on Canadian Pacific Railway Limited (USA). The shares have been rated ‘Neutral’ by the firm. Argus Research said it Initiates Coverage on Canadian Pacific Railway Limited (USA), according to a research note issued on Jun 30, 2016. The shares have been rated ‘Buy’ by the firm. 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.

Canadian Pacific Railway Limited (USA) (CP) shares turned negative on Tuesdays trading session with the shares closing down -2.31 points or -1.57% at a volume of 8,05,158. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $147.99. The peak price level was also seen at $147.99 while the days lowest was $144.19. Finally the shares closed at $144.41. The 52-week high of the shares is $157.82 while the 52-week low is $97.09. According to the latest information available, the market cap of the company is $21,340 M.

Canadian Pacific Railway Limited (USA) has also declared a cash dividend of $0.5000 on Jul 11, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 24, 2016.

Canadian Pacific Railway Limited (USA)(CP) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.13B. Analysts had an estimated revenue of $1.47B. Earnings per share were $1.60. Analysts had estimated an EPS of $2.08.

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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