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


 What's Next 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 233,188 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 $308.65M for 18.09 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 13.03% above today’s ($151.93) stock price. Canadian Pacific has been the topic of 37 analyst reports since September 30, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, September 13 by Citigroup. The rating was downgraded by Canaccord Genuity to “Hold” on Tuesday, October 13. Canaccord Genuity downgraded the stock to “Hold” rating in Wednesday, October 21 report. On Thursday, March 24 the stock rating was initiated by Topeka Capital Markets with “Hold”. Credit Suisse maintained the stock with “Outperform” rating in Friday, January 22 report. Atlantic Securities initiated the stock with “Overweight” rating in Thursday, August 11 report. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) earned “Hold” rating by Desjardins Securities on Thursday, April 21. The firm has “Equal-Weight” rating given on Tuesday, March 15 by Stephens. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) earned “Outperform” rating by RBC Capital Markets on Thursday, July 21. The company was maintained on Thursday, April 21 by Buckingham Research.

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 $22.33 billion. The Firm operates in rail transportation segment. It has a 20.4 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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