What’s Ahead for Canadian Pacific Railway Limited (USA) After Today’s Bullish Options Activity?

 What's Ahead for Canadian Pacific Railway Limited (USA) After Today's Bullish Options Activity?

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 84,445 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 $308.71M for 18.17 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 12.50% above today’s ($152.65) stock price. Canadian Pacific has been the topic of 37 analyst reports since September 30, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Wednesday, March 30 with “Buy”. The company was reinitiated on Friday, June 3 by Morgan Stanley. The stock has “Outperform” rating given by Cowen & Co on Monday, October 5. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, October 13. The stock has “Buy” rating given by Citigroup on Friday, October 2. RBC Capital Markets maintained the shares of CP in a report on Wednesday, October 21 with “Sector Perform” rating. Credit Suisse maintained the stock with “Outperform” rating in Friday, February 19 report. The rating was downgraded by Desjardins Securities to “Hold” on Thursday, April 21. Buckingham Research downgraded the stock to “Neutral” rating in Thursday, July 21 report. Bernstein maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) rating on Thursday, April 21. Bernstein has “Outperform” rating and $170 price target.

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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