Buckingham Research Downgrades Canadian Pacific Railway Limited (USA) to Neutral

Brokerage firm Buckingham Research Downgrades its rating on Canadian Pacific Railway Limited (USA)(NYSE:CP). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Buckingham Research was issued on Jul 21, 2016.

In a different note, 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. 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.

Canadian Pacific Railway Limited (USA) (CP) made into the market gainers list on Wednesdays trading session with the shares advancing 5.26% or 7.52 points. Due to strong positive momentum, the stock ended at $150.61, which is also near the day’s high of $151.87. The stock began the session at $141.96 and the volume stood at 18,89,654 shares. The 52-week high of the shares is $162.83 and the 52 week low is $97.09. The company has a current market capitalization of $23,052 M and it has 15,30,59,430 shares in outstanding.

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 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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