Canadian Pacific meets 3Q profit forecasts

Gladys Abbott
October 19, 2017

$74.50's average target is -8.53% below currents $81.45 stock price. The firm has "Outperform" rating by Raymond James given on Wednesday, January 4. The company was upgraded on Thursday, January 14 by Canaccord Genuity. The stock of Canadian National Railway (USA) (NYSE:CNI) earned "Hold" rating by Stifel Nicolaus on Wednesday, October 26.

Canadian Pacific Railway gapped open sharply higher Wednesday morning and is now up 7.79 at $174.95. The firm has "Overweight" rating by Morgan Stanley given on Tuesday, February 23. The company reported C$2.77 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of C$2.69 by C$0.08. T_CNR's profit will be $1.01 billion for 18.59 P/E if the $1.35 EPS becomes a reality.

The company revised its 2017 guidance upwards, and expects adjusted diluted EPS to grow in the double-digits from full-year 2016 adjusted diluted EPS of $10.29. It has underperformed by 16.70% the S&P500.

Investors sentiment is 1.33 in 2017 Q2. Moreover, Wells Fargo And Mn has 0% invested in Ecology and Environment (NASDAQ:EEI) for 1 shares.

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In other Canadian National Railway news, Director Robert Pace purchased 4,900 shares of the business's stock in a transaction that occurred on Wednesday, July 26th. Guggenheim Capital Llc holds 0.01% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO) for 782,702 shares. Zuckerman Investment Group Llc, a Illinois-based fund reported 441,240 shares. Savings Bank Of America Corp De has 34,502 shares for 0% of their portfolio. Tower Research Ltd (Trc) invested in 0% or 88 shares. Blackrock Incorporated holds 9,060 shares. Endurance Wealth Mgmt Incorporated accumulated 11,700 shares. The company was upgraded on Tuesday, January 10 by CLSA. Federated Pa owns 32 shares or 0% of their U.S. portfolio. The company has market cap of $61.08 billion. (NASDAQ:PRGX). Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 1.50. Bank of America maintained the stock with "Buy" rating in Monday, February 22 report. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has "Neutral" rating given on Friday, August 7 by Citigroup. Barclays Capital maintained it with "Equal-Weight" rating and $58 target in Tuesday, April 26 report. About 907,114 shares traded.

Canadian Pacific Railway Limited, launched on October 1, 2001, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. Canadian National Railway has a 12-month low of $80.67 and a 12-month high of $108.64. The stock has a market capitalization of $32.23 billion and a PE ratio of 19.80. The Firm operates through rail transportation segment. The Company's transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

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