Canadian Pacific Railway (CP) Earns "Outperform" Rating from Credit Suisse Group

Marco Green
March 13, 2018

Beutel Goodman & Co Ltd sold 16,370 shares as the company's stock rose 4.01% with the market.

Douglass Winthrop Advisors LLC grew its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. Vr Advisory Services Ltd who had been investing in Pampa Energia S A for a number of months, seems to be less bullish one the $4.76 billion market cap company.

It closed at $0.483 lastly. About 1.38M shares traded. It also increased its holding in Verizon Communications Inc (NYSE:VZ) by 287,539 shares in the quarter, for a total of 752,871 shares, and has risen its stake in Tjx Cos Inc New (NYSE:TJX). It has underperformed by 25.18% the S&P500.

Public Sector Pension Investment Board decreased its stake in Canadian Natl Ry Co (CNI) by 3.95% based on its latest 2017Q3 regulatory filing with the SEC. The fund owned 506,902 shares of the transportation company's stock after buying an additional 6,032 shares during the quarter. The institutional investor held 85,236 shares of the railroads company at the end of 2017Q3, valued at $14.28M, down from 210,054 at the end of the previous reported quarter. The 7 months chart pattern indicates low risk for the $26.45B company. The stock had a trading volume of 1,909,100 shares, compared to its average volume of 1,610,000. About 316,141 shares traded or 21.00% up from the average. Canadian National Railway Company (NYSE:CNI) has risen 30.03% since March 11, 2017 and is uptrending. It has outperformed by 13.72% the S&P500. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. Credit Suisse Group reaffirmed an "outperform" rating and issued a $200.00 target price (down previously from $209.00) on shares of Canadian Pacific Railway in a report on Thursday. The firm has "Buy" rating by Citigroup given on Wednesday, March 30. Cowen reissued an "outperform" rating and set a $90.00 target price (up from $88.00) on shares of Canadian National Railway in a research report on Wednesday, January 24th. The company was maintained on Wednesday, November 18 by Credit Suisse. They issued a buy rating and a $85.00 price target on the stock. RBC Capital Markets upgraded the stock to "Outperform" rating in Friday, January 22 report. The rating was maintained by Cowen & Co with "Buy" on Friday, September 22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, January 23rd. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.61 billion. equities research analysts forecast that Canadian National Railway will post 4.1 earnings per share for the current year. CP's profit will be $337.65 million for 19.58 P/E if the $2.31 EPS becomes a reality. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.33. Security National Bank of SO Dak purchased a new stake in shares of Canadian National Railway during the 3rd quarter valued at about $203,000. Therefore 45% are positive. Pampa Energia SA had 2 analyst reports since October 8, 2015 according to SRatingsIntel. The stock has "Hold" rating by Canaccord Genuity on Tuesday, October 13. Seaport Global downgraded the stock to "Neutral" rating in Wednesday, June 21 report.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. The stock of NOW Inc. The rating was initiated by Stephens with "Equal-Weight" on Tuesday, March 15. Robert W. Baird maintained NOW Inc. The firm earned "Buy" rating on Thursday, October 5 by Stifel Nicolaus. KeyBanc Capital Markets has "Overweight" rating and $18 target.

Investors sentiment is 0.88 in 2017 Q3. This represents a $1.79 annualized dividend and a dividend yield of 0.99%. 31 funds opened positions while 87 raised stakes. Hutchinson Mngmt Ca accumulated 653,570 shares. (NYSE:VZ). Lord Abbett & Ltd Liability Corp reported 0.38% stake. (NYSE:DNOW) for 97,264 shares. Cmt Asset Management stated it has 0.03% in Verizon Communications Inc. (NYSE:DNOW). American Intl Grp Inc reported 0.01% in NOW Inc. California Public Employees Retirement System owns 64,900 shares or 0% of their U.S. portfolio. 93,097 are held by Hanson And Doremus Mngmt. 286,569 are held by Tiaa Cref Invest Limited Co.

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