In today’s session Canadian Pacific Railway Limited (USA) (CP) registered an unusually high (5,018) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CP increase. With 5,018 contracts traded and 1724 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CP161021C00160000 closed last at: $1.3 or 36.8% up. About 204,726 shares traded hands. Canadian Pacific Railway Limited (USA) (NYSE:CP) has risen 24.30% since March 1, 2016 and is uptrending. It has outperformed by 15.06% the S&P500.
Analysts await Canadian Pacific Railway Limited (USA) (NYSE:CP) to report earnings on October, 18. They expect $2.10 EPS, up 1.94% or $0.04 from last year’s $2.06 per share. CP’s profit will be $308.73 million for 18.04 P/E if the $2.10 EPS becomes a reality. After $1.59 actual EPS reported by Canadian Pacific Railway Limited (USA) for the previous quarter, Wall Street now forecasts 32.08% EPS growth.
Canadian Pacific Railway Limited (USA) (NYSE:CP) Ratings Coverage
Out of 18 analysts covering Canadian Pacific (NYSE:CP), 9 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 50% are positive. $225 is the highest target while $128 is the lowest. The $171.73 average target is 13.32% above today’s ($151.55) stock price. Canadian Pacific has been the topic of 37 analyst reports since September 30, 2015 according to StockzIntelligence Inc. Buckingham Research downgraded Canadian Pacific Railway Limited (USA) (NYSE:CP) on Thursday, July 21 to “Neutral” rating. The rating was maintained by Cowen & Co with “Outperform” on Thursday, April 21. The rating was downgraded by Desjardins Securities on Thursday, April 21 to “Hold”. The firm has “Neutral” rating by JP Morgan given on Monday, April 25. The rating was maintained by Credit Suisse with “Outperform” on Friday, February 19. The firm earned “Hold” rating on Tuesday, October 13 by Canaccord Genuity. The firm earned “Overweight” rating on Monday, April 11 by Barclays Capital. Cowen & Co maintained it with “Outperform” rating and $142 target price in Friday, January 22 report. Cowen & Co maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) rating on Monday, October 5. Cowen & Co has “Outperform” rating and $177 price target. The rating was maintained by Citigroup with “Buy” on Wednesday, March 30.
Canadian Pacific Railway Limited , together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The company has a market cap of $22.28 billion. The Firm operates in rail transportation segment. It has a 20.35 P/E ratio. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.
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