Canadian Pacific Railway (CP) Price Target Raised to $207.00 at Cowen

Mae Love
January 21, 2018

Cibc World Markets Inc who had been investing in Canadian Natl Ry Co for a number of months, seems to be bullish on the $58.88 billion market cap company. The stock decreased 0.49% or $0.1811 during the last trading session, reaching $36.9689. Canadian Pacific Railway traded as high as $187.53 and last traded at $187.42, with a volume of 922913 shares traded.

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) hit a new 52-week high on Friday after Cowen raised their price target on the stock from $184.00 to $207.00. It has outperformed by 13.33% the S&P500.

Bath Savings Trust Co, which manages about $374.21M US Long portfolio, decreased its stake in C H Robinson Worldwide Inc Com (NASDAQ:CHRW) by 4,230 shares to 8,950 shares, valued at $681,000 in 2017Q3, according to the filing. MML Investors Services LLC now owns 2,870 shares of the transportation company's stock valued at $462,000 after purchasing an additional 32 shares during the period. The institutional investor held 9.36 million shares of the railroads company at the end of 2017Q3, valued at $775.51 million, up from 65,000 at the end of the previous reported quarter. The stock increased 1.24% or $2.2 during the last trading session, reaching $179.8. About 807,701 shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 19, 2017 and is uptrending. It has outperformed by 22.53% the S&P500. Canadian Pacific Railway had a return on equity of 31.91% and a net margin of 27.92%. analysts expect that Canadian Pacific Railway Limited will post 9 EPS for the current fiscal year. T's profit will be $3.99 billion for 14.29 P/E if the $0.65 EPS becomes a reality. After $1.05 actual earnings per share reported by Canadian National Railway Company for the previous quarter, Wall Street now forecasts -5.71% negative EPS growth.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, October 17th. Therefore 68% are positive. The stock has "Buy" rating by Cowen & Co on Friday, September 22. Canaccord Genuity upgraded the shares of CNI in report on Tuesday, July 21 to "Buy" rating. More interesting news about Canadian Pacific Railway Limited (NYSE:CP) were released by: Fool.ca and their article: "Why Canadian Pacific Railway Limited Is up Over 1%" published on January 19, 2018 as well as Benzinga.com's news article titled: "Earnings Scheduled For January 18, 2018" with publication date: January 18, 2018. JPMorgan Chase & Co. lifted their target price on Canadian Pacific Railway from C$272.00 to C$276.00 in a report on Thursday, January 11th. The firm earned "Equal-Weight" rating on Monday, October 5 by Barclays Capital. On Wednesday, October 25 the stock rating was downgraded by Raymond James to "Mkt Perform". TD Securities upped their price target on Canadian Pacific Railway from C$220.00 to C$225.00 in a research report on Wednesday, October 18th.

Several brokerages have recently issued reports on CNI. Credit Suisse maintained Canadian National Railway Company (NYSE:CNI) on Thursday, July 13 with "Hold" rating.

Since September 29, 2017, it had 0 insider purchases, and 3 selling transactions for $1.36 million activity. Shares for $754,997 were sold by SOLOMON DAVID M on Monday, August 7. Koum Jan also sold $109.70M worth of Facebook, Inc. (NYSE:GS) on Friday, October 20.

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Mackenzie Financial Corp, which manages about $61.70 billion and $18.54B US Long portfolio, upped its stake in Telus Corp (NYSE:TU) by 121,450 shares to 4.31 million shares, valued at $155.09 million in 2017Q3, according to the filing. Finally, Carderock Capital Management Inc. boosted its stake in shares of Canadian National Railway by 0.6% in the first quarter.

Investors sentiment decreased to 1.15 in Q3 2017. Its up 0.77, from 0.86 in 2017Q2. It fall, as 53 investors sold FB shares while 618 reduced holdings. Griffin Asset Management reported 11,237 shares. Menta Cap Limited Liability Company holds 12,900 shares or 0.45% of its portfolio. Stearns Fincl Group Incorporated has 43,296 shares. Private Ocean Limited Liability Co invested in 0.02% or 200 shares. Reilly Herbert Faulkner Iii reported 3.05% stake. Cadence Retail Bank Na invested 0.93% in AT&T Inc. Victory Capital Incorporated stated it has 60,901 shares or 0.03% of all its holdings. Stephens Ar reported 1.52% stake. Jnba Advsrs has 0.05% invested in AT&T Inc. (NYSE:GS). 142,475 are owned by Connor Clark & Lunn Invest. Reik And Lc has invested 0.17% of its portfolio in AT&T Inc.

Among 30 analysts covering Goldman Sachs Group Inc. Therefore 33% are positive. The firm earned "Outperform" rating on Thursday, November 3 by Wedbush. The rating was maintained by RBC Capital Markets with "Hold" on Monday, August 28. The rating was maintained by Credit Suisse on Monday, September 18 with "Outperform". The rating was initiated by CLSA with "Underperform" on Thursday, May 19. The rating was maintained by S&P Research with "Buy" on Friday, August 14.

Among 12 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 0 Sell and 8 Hold. The rating was maintained by Oppenheimer on Friday, January 29 with "Outperform". Zacks Invest Mngmt reported 194,643 shares or 0.78% of all its holdings. The company was maintained on Thursday, April 21 by Buckingham Research.

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