Canadian Pac Ry LTD (CP) Shares Rose While Lateef Investment Management LP Lowered Position by $20.35 Million

Canadian Pacific Railway Limited (NYSE:CP) Logo

Lateef Investment Management Lp decreased its stake in Canadian Pac Ry Ltd (CP) by 98.24% based on its latest 2018Q2 regulatory filing with the SEC. Lateef Investment Management Lp sold 111,799 shares as the company’s stock rose 6.74% with the market. The institutional investor held 2,007 shares of the railroads company at the end of 2018Q2, valued at $367,000, down from 113,806 at the end of the previous reported quarter. Lateef Investment Management Lp who had been investing in Canadian Pac Ry Ltd for a number of months, seems to be less bullish one the $27.92B market cap company. The stock decreased 1.90% or $3.79 during the last trading session, reaching $196. About 973,295 shares traded or 38.53% up from the average. Canadian Pacific Railway Limited (NYSE:CP) has risen 28.67% since December 7, 2017 and is uptrending. It has outperformed by 13.05% the S&P500.

Analysts await Canadian Pacific Railway Limited (NYSE:CP) to report earnings on January, 17. They expect $3.17 earnings per share, up 24.80 % or $0.63 from last year’s $2.54 per share. CP’s profit will be $451.58 million for 15.46 P/E if the $3.17 EPS becomes a reality. After $3.15 actual earnings per share reported by Canadian Pacific Railway Limited for the previous quarter, Wall Street now forecasts 0.63 % EPS growth.

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Canadian Pacific Railway Limited (NYSE:CP) Ratings Coverage

Among 8 analysts covering Canadian Pacific (NYSE:CP), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Canadian Pacific had 10 analyst reports since June 22, 2018 according to SRatingsIntel. On Monday, October 8 the stock rating was maintained by Stifel Nicolaus with “Hold”. As per Friday, June 22, the company rating was maintained by Seaport Global. The firm has “Buy” rating given on Friday, October 5 by Citigroup. The firm has “Hold” rating given on Thursday, July 19 by Stifel Nicolaus. As per Thursday, July 19, the company rating was maintained by Credit Suisse. The rating was maintained by BMO Capital Markets on Friday, October 5 with “Outperform”. The firm has “Buy” rating by Deutsche Bank given on Friday, October 5. The firm earned “Buy” rating on Monday, December 3 by Deutsche Bank. Bank of America maintained Canadian Pacific Railway Limited (NYSE:CP) rating on Monday, October 1. Bank of America has “Buy” rating and $233 target. Argus Research maintained it with “Buy” rating and $215 target in Tuesday, July 31 report.

Canadian Pacific Railway Limited (NYSE:CP) Ratings Chart

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