FY2017 EPS Estimates for Canadian Pacific Railway Limited (CP) Lowered by Analyst

Galtero Lara
Enero 21, 2018

The institutional investor held 89,004 shares of the consumer non-durables company at the end of 2017Q3, valued at $9.14M, up from 85,369 at the end of the previous reported quarter. Cs Mckee Lp who had been investing in Goldman Sachs for a number of months, seems to be less bullish one the $95.29 billion market cap company. The stock increased 0.81% or $0.3 during the last trading session, reaching $37.15.

Shares of Canadian Pacific Railway (CP) traded up C$6.25 during midday trading on Friday, reaching C$233.40. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since January 19, 2017 and is uptrending. It has underperformed by 11.58% the S&P500.

Weybosset Research & Management Llc decreased its stake in Canadian Natl Railway Co (CNI) by 11.7% based on its latest 2017Q3 regulatory filing with the SEC. Atria Investments LLC now owns 4,253 shares of the transportation company's stock worth $777,000 after purchasing an additional 1,618 shares during the period. Cormark also issued estimates for Canadian National Railway's Q4 2017 earnings at $1.20 EPS, Q1 2018 earnings at $1.13 EPS, Q2 2018 earnings at $1.43 EPS, Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $5.47 EPS, FY2019 earnings at $6.14 EPS, FY2020 earnings at $6.82 EPS, FY2021 earnings at $7.57 EPS and FY2022 earnings at $8.39 EPS. Jones Collombin Investment Counsel Inc who had been investing in Canadian Natl Ry Co for a number of months, seems to be less bullish one the $58.83 billion market cap company. About 807,701 shares traded.

BMO Capital Markets set a C$254.00 price objective on Canadian Pacific Railway (TSE:CP) (NYSE:CP) in a research report report published on Friday morning. It has outperformed by 4.69% 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.

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Investors sentiment increased to 1.17 in Q3 2017. Its up 0.77, from 0.86 in 2017Q2. It is positive, as 77 investors sold T shares while 609 reduced holdings.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC grew its holdings in shares of Canadian Pacific Railway by 50.7% during the 4th quarter. Edgewood Mgmt Ltd has 2,500 shares for 0% of their portfolio. State Board Of Administration Of Florida Retirement Sys stated it has 3.36 million shares. Eqis Management holds 25,056 shares or 0.14% of its portfolio. 322,729 were reported by Gofen Glossberg Limited Liability Co Il. Smith Moore And accumulated 9,034 shares or 0.26% of the stock. Harvest Capital reported 0.4% stake. (NYSE:GS). Mai Mngmt holds 3,925 shares or 0.06% of its portfolio. (NYSE:T). Central Bank & Trust owns 0.3% invested in AT&T Inc. British Columbia Invest Mgmt has 68,772 shares. Reilly Fincl Advsrs Llc has 46,512 shares. Westwood Holdings Grp Inc reported 118,259 shares or 0.1% of all its holdings.

Other analysts have also issued research reports about the company. Citigroup maintained the shares of CP in report on Friday, October 2 with "Buy" rating. The rating was initiated by CLSA with "Underperform" on Thursday, May 19. Deutsche Bank maintained the shares of MKC in report on Friday, July 1 with "Buy" rating. The rating was maintained by Wedbush with "Outperform" on Thursday, April 28. On Thursday, June 22 the stock rating was maintained by Jefferies with "Hold". CIBC increased their price objective on Canadian National Railway from C$110.00 to C$116.00 in a research report on Thursday, January 4th. The rating was maintained by Credit Suisse on Monday, September 18 with "Outperform". The firm earned "Equal-Weight" rating on Tuesday, March 15 by Stephens. Shares for $1.19 million were sold by GNODDE RICHARD J. The insider VINIAR DAVID A sold $1.05M.

Bridgewater Associates Lp increased Coca Cola European Partners stake by 40,663 shares to 79,807 valued at $3.32 million in 2017Q3. They expect $0.65 earnings per share, down 1.52% or $0.01 from last year's $0.66 per share. T_L's profit would be $434.72M giving it 15.35 P/E if the $1.12 EPS is correct.

Equities research analysts at Cormark cut their FY2017 earnings per share (EPS) estimates for Canadian Pacific Railway in a report released on Thursday, according to Zacks Investment Research. Finally, Desjardins increased their price objective on Canadian Pacific Railway from C$230.00 to C$254.00 and gave the stock a "buy" rating in a report on Wednesday, October 18th. Therefore 68% are positive. Canadian National Railway had 62 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with "Buy" rating in Monday, August 14 report. As per Wednesday, October 21, the company rating was maintained by RBC Capital Markets. The stock has "Buy" rating by Cowen & Co on Friday, September 22. The rating was maintained by Cowen & Co on Monday, July 17 with "Buy". Morgan Stanley reinitiated Canadian Pacific Railway Limited (NYSE:CP) on Friday, June 3 with "Overweight" rating. The firm earned "Neutral" rating on Tuesday, April 26 by Credit Suisse. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, October 25. OppenheimerFunds Inc. now owns 3,506,422 shares of the transportation company's stock valued at $259,230,000 after buying an additional 472,909 shares in the last quarter.

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