Canadian Pacific (NYSE:CP) has been downgraded from Strong Buy to Outperform in a statement by Raymond James earlier today.
- Updated: October 17, 2016
Just yesterday Canadian Pacific (NYSE:CP) traded -0.13% lower at $150.71. Canadian Pacific’s 50-day moving average is $150.91 and its 200-day moving average is $141.54. The last stock price is up 6.34% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 265,455 shares of CP traded hands, down from an average trading volume of 743,437
Raymond James has downgraded Canadian Pacific (NYSE:CP) from Strong Buy to Outperform in a report released on 10/17/2016.
Recent Performance Chart
Canadian Pacific has 52 week low of $97.09 and a 52 week high of $157.34 with a PE ratio of 20.37 and has a market capitalization of $0.
In addition to Raymond James reporting its stock price target, a total of 22 brokerages have issued a ratings update on the company. The average stock price target is $147.41 with 7 brokerages rating the stock a strong buy, 10 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Canadian Pacific (NYSE:CP)
Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company's business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions. The Company transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, U.S. grain, coal, potash, and fertilizers and sulfur. Merchandise freight consists of finished vehicles and automotive parts, as well as forest and industrial and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.