National Bank Financial Downgrades Rating On Canadian Pacific Railway Limite (CP)

Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company's stock valued at $141,000 after acquiring an additional 167 shares during the period. Amussen Hunsaker & Associates LLC bought a new stake in Canadian Pacific Railway Limited in the second quarter valued at about $2,297,000. Sawtooth Solutions LLC raised its stake in shares of Canadian Pacific Railway Limited by 5.4% in the second quarter. The institutional investor owned 976,297 shares of the transportation company's stock after buying an additional 40,842 shares during the quarter. Finally, BTC Capital Management Inc. increased its stake in Canadian Pacific Railway Limited by 13.1% in the second quarter.

ILLEGAL ACTIVITY WARNING: "Q3 2017 Earnings Estimate for Canadian Pacific Railway Limited (CP) Issued By Cormark" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. Public Employees Retirement System of OH bought a new stake in Canadian Pacific Railway Limited in the second quarter valued at about $3,136,000.

Shares of Canadian Pacific Railway Limited (NYSE:CP) traded down 0.82% on Tuesday, reaching $146.69. Shellback Capital Lp sold 87,500 shares as Canadian Pac Ry Ltd (CP)'s stock rose 4.01%. The company has market cap of $120.40 billion.

With a total market value of $0, Canadian Pacific has price-earnings ratio of 17.93 with a one year low of $139.29 and a one year high of $167.52. The firm's 50-day moving average is $155.40 and its 200 day moving average is $154.50. The company reported $3.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $3.11 by $0.07. Next quarter's EPS is estimated at $2.68 and the next full year EPS is anticipated to be $10.63. Over the last week of the month, it was 2.88%, 2.78% over the last quarter, and 9.49% for the past six months.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.4411 per share. This dividend represents a yield of $1.13. The ex-dividend date will be on Wednesday the 28th of June 2017. Canadian Pacific Railway Limited's dividend payout ratio is 18.67%.

A number of brokerages have recently weighed in on CP. They issued a "buy" rating for the company. Finally, Wolfe Research cut Canadian Pacific Railway Limited from an "outperform" rating to a "market perform" rating in a research note on Monday, August 7th. Zacks Investment Research lowered Canadian Pacific Railway Limited from a "hold" rating to a "sell" rating in a research report on Friday, January 13th. The stock of Canadian Pacific Railway Limited (TSE:CP) has "Outperform" rating given on Thursday, January 19 by Scotia Capital. July 20 investment analysts at Bank of America left the stock rating at "Buy" and lowered the price target from $221.00 to $193.00. The financial company now has a $207.00 target price on firm, suggesting 7.69% upside potential. $205.47's average target is 6.96% above currents $192.1 stock price. Insiders sold a total of 210,384 shares of company stock worth $31,684,944 in the last three months. Perritt Capital Management Inc owns 474,950 shares or 0.13% of their United States portfolio.

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles, serving the business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia and the United States Northeast and Midwest regions.

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