Is Canadian Pacific Railway Limited (USA) a Buy? The Stock Had Bullish Options Activity Today

 Is Canadian Pacific Railway Limited (USA) a Buy? The Stock Had Bullish Options Activity Today

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 159,276 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 earnings per share, up 1.94% or $0.04 from last year’s $2.06 per share. CP’s profit will be $308.65 million for 18.18 P/E if the $2.10 EPS becomes a reality. After $1.59 actual earnings per share 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 12.48% above today’s ($152.68) stock price. Canadian Pacific has been the topic of 37 analyst reports since September 30, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, November 18 by Credit Suisse. The rating was maintained by Cowen & Co on Thursday, April 21 with “Outperform”. On Wednesday, October 21 the stock rating was upgraded by TD Securities to “Hold”. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) has “Overweight” rating given on Monday, April 11 by Barclays Capital. The firm earned “Buy” rating on Wednesday, March 30 by Citigroup. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) has “Hold” rating given on Thursday, August 4 by Loop Capital. As per Friday, January 22, the company rating was upgraded by RBC Capital Markets. The rating was maintained by Cowen & Co on Friday, January 22 with “Outperform”. The rating was maintained by RBC Capital Markets on Thursday, June 23 with “Outperform”. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) earned “Equal-Weight” rating by Stephens on Tuesday, March 15.

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 $22.44 billion. The Firm operates in rail transportation segment. It has a 20.5 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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