Is Canadian Pacific Railway Limited Common Stock (NYSE:CP) Now a ‘Buy’? Why did JP Morgan Upgrade The Stock?

October 13, 2017 - By Jacob Falcon

  Is Canadian Pacific Railway Limited Common Stock (NYSE:CP) Now a ‘Buy’? Why did JP Morgan Upgrade The Stock?

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

In an analyst report issued to clients on Thursday, 12 October, research professionals at the JP Morgan equity division upped shares of Canadian Pacific Railway Limited Common Stock (NYSE:CP) stock from a “Neutral” to a respectable “Overweight” 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. Cowen & Co maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) rating on Monday, October 5. Cowen & Co has “Outperform” rating and $177 target. As per Thursday, August 4, the company rating was initiated by Loop Capital. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) has “Hold” rating given on Thursday, April 21 by Desjardins Securities. The company was initiated on Thursday, May 19 by CLSA. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) earned “Outperform” rating by Credit Suisse on Friday, February 19. Canaccord Genuity downgraded the stock to “Hold” rating in Tuesday, October 13 report. Stifel Nicolaus upgraded Canadian Pacific Railway Limited (USA) (NYSE:CP) on Friday, December 16 to “Buy” rating. The firm earned “Buy” rating on Monday, September 18 by Stifel Nicolaus. Canaccord Genuity downgraded the shares of CP in report on Wednesday, October 21 to “Hold” rating. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, June 23.

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.

Investors wait Canadian Pacific Railway Limited (USA) (NYSE:CP) to report on October, 18. its quarterly earnings Wall Street analysts expect $2.38 EPS, up $0.29 or 13.88 % from last year’s $2.09 same quarter earnings. This translates into $348.34M profit for CP giving the stock a 17.72 P/E. This is assuming the current $2.38 EPS is accurate. Canadian Pacific Railway Limited (USA)’s Wall Street analysts see 15.53 % EPS growth, taking into account the $2.06 EPS reproted in the previous quarter,

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

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