CP Rail beats 3rd-qtr profit estimates on higher shipments

Ivan Schwartz
October 19, 2017

Canadian National Railway had 56 analyst reports since July 21, 2015 according to SRatingsIntel. The company presently has a consensus rating of "Buy" and an average target price of C$223.92. Scotiabank boosted their price target on Canadian Pacific Railway Limited from C$220.00 to C$230.00 and gave the company an "outperform" rating in a research note on Wednesday. The company was upgraded on Thursday, January 14 by Canaccord Genuity. As per Friday, September 11, the company rating was upgraded by National Bank Canada. Stephens initiated the shares of CNI in report on Tuesday, March 15 with "Equal-Weight" rating. The company was maintained on Thursday, June 23 by RBC Capital Markets. The company reported C$2.77 EPS for the quarter, topping the Zacks' consensus estimate of C$2.69 by C$0.08. CNI's profit will be $809.19 million for 18.54 P/E if the $1.08 EPS becomes a reality. After having $0.07 EPS previously, Teekay Offshore Partners L.P.'s analysts see -42.86% EPS growth. Canadian National Railway Company (TSE:CNR) has 0.00% since October 18, 2016 and is. It has underperformed by 60.53% the S&P500.

Investors sentiment is 1.33 in 2017 Q2. The dividend payment will be $0.450 per share for the quarter or $1.80 annualized. Dolby Laboratories Inc (NYSE:DLB) was raised too. The company had a trading volume of 834,886 shares.

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Saba Capital Management L.P. holds 4.98% of its portfolio in Alpine Total Dynamic Dividend Fund for 6.33 million shares. Janney Montgomery Scott Ltd Liability owns 164,549 shares for 0.01% of their portfolio. Exane Derivatives invested 0% in Teekay Offshore Partners L.P. (NYSE:TOO). Blackrock Incorporated holds 9,060 shares. North Star Invest Mgmt stated it has 289,081 shares. The stock has "Outperform" rating by Raymond James on Tuesday, August 11. 1607 Capital Partners Llc owns 8.61 million shares or 4.47% of their United States portfolio. The company has market cap of $51.10 million. The Firm operates shuttle tankers; towage vessels; floating, production, storage and off-loading units; floating storage and off-take (FSO) units; units for maintenance and safety (UMS); long-distance towing and offshore installation vessels, and conventional crude oil tankers. It has a 37.81 P/E ratio. The Company's business divisions include EEI and its subsidiaries located in the United States, Subsidiaries located in South America and Other foreign subsidiaries. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. On Wednesday, January 27 the stock rating was downgraded by Raymond James to "Market Perform". The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has "Accumulate" rating given on Tuesday, August 4 by Global Hunter Securities. This means CP has already proven its capacity to grow at a robust rate, which should give investors higher conviction of analysts' consensus prediction for the company's future growth going forward. Bank of America maintained the stock with "Buy" rating in Monday, February 22 report.

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