Major Move Is Coming For Canadian Pacific Railway Limited (USA) After Bearish Options Activity

 Major Move Is Coming For Canadian Pacific Railway Limited (USA) After Bearish Options Activity

In today’s session Canadian Pacific Railway Limited (USA) (CP) recorded an unusually high (51) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CP decrease. With 51 contracts traded and 11084 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CP161216P00140000 closed last at: $0.85 or 15% down. About 154,398 shares traded hands. Canadian Pacific Railway Limited (USA) (NYSE:CP) has risen 3.49% since April 26, 2016 and is uptrending. It has underperformed by 1.76% the S&P500.

Analysts await Canadian Pacific Railway Limited (USA) (NYSE:CP) to report earnings on January, 19. They expect $2.44 earnings per share, up 19.02% or $0.39 from last year’s $2.05 per share. CP’s profit will be $355.14 million for 15.23 P/E if the $2.44 EPS becomes a reality. After $2.09 actual earnings per share reported by Canadian Pacific Railway Limited (USA) for the previous quarter, Wall Street now forecasts 16.75% EPS growth.

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. Canadian Pacific has been the topic of 39 analyst reports since September 30, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, January 22 by Credit Suisse. The rating was initiated by CLSA on Thursday, May 19 with “Underperform”. As per Wednesday, June 22, the company rating was maintained by Cowen & Co. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) earned “Neutral” rating by JP Morgan on Monday, April 25. As per Friday, June 3, the company rating was reinitiated by Morgan Stanley. Canaccord Genuity downgraded Canadian Pacific Railway Limited (USA) (NYSE:CP) on Wednesday, October 21 to “Hold” rating. Desjardins Securities downgraded the stock to “Hold” rating in Thursday, April 21 report. Topeka Capital Markets initiated the stock with “Hold” rating in Thursday, March 24 report. Loop Capital initiated Canadian Pacific Railway Limited (USA) (NYSE:CP) on Thursday, August 4 with “Hold” rating. The firm has “Outperform” rating given on Friday, February 19 by Credit Suisse.

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 $21.64 billion. The Firm operates in rail transportation segment. It has a 19.79 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: Has the Stock Peaked?” on September 28, 2016, also Fool.ca with their article: “Canadian Pacific Railway Limited Versus Canadian National Railway Company” published on November 04, 2016, Fool.ca published: “Canadian Pacific Railway Limited Falls Short of Expectations” on October 19, 2016. More interesting news about Canadian Pacific Railway Limited (USA) (NYSE:CP) were released by: Fool.ca and their article: “Can Canadian Pacific Railway Limited Stay on Track?” published on October 27, 2016 as well as Fool.ca‘s news article titled: “Why Canadian Pacific Railway Limited’s Stock Is up 1% Today” with publication date: July 20, 2016.

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