What Can We Expect After Canadian Pacific Railway Limited Common Stock (NYSE:CP)’s Upgrade By JP Morgan?

October 13, 2017 - By Michael Collier

  What Can We Expect After Canadian Pacific Railway Limited Common Stock (NYSE:CP)'s Upgrade By JP Morgan?

Canadian Pacific Railway Limited Common Stock (NYSE:CP) Stock Upgrade

In analysts report issued on Thursday morning, JP Morgan increased shares of Canadian Pacific Railway Limited Common Stock (NYSE:CP) to a solid “Overweight” rating from their previous “Neutral” rating.

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

Among 26 analysts covering Canadian Pacific (NYSE:CP), 19 have Buy rating, 0 Sell and 7 Hold. Therefore 73% are positive. Canadian Pacific has $262.0 highest and $119 lowest target. $181’s average target is 7.30% above currents $168.69 stock price. Canadian Pacific had 62 analyst reports since September 30, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 17. The rating was maintained by Stifel Nicolaus on Wednesday, June 28 with “Buy”. J.P. Morgan upgraded Canadian Pacific Railway Limited (USA) (NYSE:CP) on Thursday, October 12 to “Buy” rating. Barclays Capital maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) on Monday, April 11 with “Overweight” rating. The stock has “Outperform” rating by Credit Suisse on Friday, February 19. The stock has “Overweight” rating by Atlantic Securities on Thursday, August 11. Buckingham Research downgraded the shares of CP in report on Thursday, July 21 to “Neutral” rating. The stock has “Buy” rating by Cowen & Co on Friday, September 29. RBC Capital Markets maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) rating on Wednesday, October 21. RBC Capital Markets has “Sector Perform” rating and $213.0 target. As per Thursday, October 5, the company rating was maintained by Stifel Nicolaus.

About 294,441 shares traded. Canadian Pacific Railway Limited (USA) (NYSE:CP) has risen 21.39% since October 13, 2016 and is uptrending. It has outperformed by 4.69% the S&P500.

Analysts await Canadian Pacific Railway Limited (USA) (NYSE:CP) to report earnings on October, 18. They expect $2.38 EPS, up 13.88 % or $0.29 from last year’s $2.09 per share. CP’s profit will be $348.34M for 17.72 P/E if the $2.38 EPS becomes a reality. After $2.06 actual EPS reported by Canadian Pacific Railway Limited (USA) for the previous quarter, Wall Street now forecasts 15.53 % EPS growth.

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company has market cap of $24.69 billion. The Firm operates through rail transportation segment. It has a 18.86 P/E ratio. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

More important recent Canadian Pacific Railway Limited (USA) (NYSE:CP) news were published by: Reuters.com which released: “CSX customers demand end to shipping bottlenecks as CEO apologizes” on October 11, 2017, also Benzinga.com published article titled: “Benzinga’s Top Upgrades, Downgrades For October 12, 2017”, Benzinga.com published: “Riding The Rails: Canadian Train Stocks Preferred To CSX, Union Pacific” on October 02, 2017. More interesting news about Canadian Pacific Railway Limited (USA) (NYSE:CP) was released by: Benzinga.com and their article: “Canadian Pacific Ready To Switch Tracks To Faster Sales Growth” with publication date: October 12, 2017.

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