Canadian Pacific Railway Limited (USA) Stock Was Bought By Options Traders

 Canadian Pacific Railway Limited (USA) Stock Was Bought By Options Traders

In today’s session Canadian Pacific Railway Limited (USA) (CP) registered an unusually high (2,536) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CP increase. With 2,536 contracts traded and 30504 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CP161118C00145000 closed last at: $2.2 or 57.1% up. About 238,147 shares traded hands. Canadian Pacific Railway Limited (USA) (NYSE:CP) has risen 10.55% since April 7, 2016 and is uptrending. It has outperformed by 5.77% the S&P500.

Canadian Pacific Railway Limited (USA) (NYSE:CP) Ratings Coverage

Out of 20 analysts covering Canadian Pacific (NYSE:CP), 11 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 55% are positive. $225 is the highest target while $128 is the lowest. The $171.17 average target is 21.05% above today’s ($141.41) stock price. Canadian Pacific has been the topic of 39 analyst reports since September 30, 2015 according to StockzIntelligence Inc. Bernstein maintained it with “Outperform” rating and $170 target price in Thursday, April 21 report. The company was initiated on Monday, April 25 by JP Morgan. The stock has “Outperform” rating given by Cowen & Co on Thursday, April 21. Credit Suisse maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) rating on Friday, February 19. Credit Suisse has “Outperform” rating and $152 price target. The rating was initiated by Stephens with “Equal-Weight” on Tuesday, March 15. The firm has “Overweight” rating given on Monday, April 11 by Barclays Capital. Desjardins Securities downgraded Canadian Pacific Railway Limited (USA) (NYSE:CP) on Thursday, April 21 to “Hold” rating. The rating was upgraded by RBC Capital Markets on Friday, January 22 to “Outperform”. The firm has “Buy” rating by Citigroup given on Wednesday, March 30. The rating was downgraded by Raymond James on Monday, October 17 to “Outperform”.

According to Zacks Investment Research, “Canadian Pacific Railway is North America’s first transcontinental railway and is the only transcontinental carrier with direct service to the U.S. Eastern Seaboard.”

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 $21.20 billion. The Firm operates in rail transportation segment. It has a 18.65 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.

CP Company Profile

Canadian Pacific Railway Limited (CP), incorporated on October 1, 2001, together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Firm operates in rail transportation segment. 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. The Firm transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, United States grain, coal, potash, and fertilizers and sulfur. Merchandise freight consists of finished vehicles and automotive parts, as well as forest and industrial 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.

More notable recent Canadian Pacific Railway Limited (USA) (NYSE:CP) news were published by: Fool.ca which released: “Canadian Pacific Railway Limited Versus Canadian National Railway Company” on November 04, 2016, also Fool.ca with their article: “Canadian Pacific Railway Limited Falls Short of Expectations” published on October 19, 2016, Fool.ca published: “Canadian Pacific Railway Limited: Has the Stock Peaked?” on September 28, 2016. More interesting news about Canadian Pacific Railway Limited (USA) (NYSE:CP) were released by: Fool.ca and their article: “Billionaire Bill Ackman Dumps Canadian Pacific Railway Limited: Should You Too?” published on August 04, 2016 as well as Fool.ca‘s news article titled: “Can Canadian Pacific Railway Limited Stay on Track?” with publication date: October 27, 2016.

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