Canadian Pacific Railway Limited (USA) (CP) Reaches $170.07 52-Week High; Adams Express Company Has Cut American Tower New (AMT) Stake By $2.52 Million

October 12, 2017 - By Louis Casey

Adams Express Company decreased American Tower Corp New (AMT) stake by 18.19% reported in 2017Q2 SEC filing. Adams Express Company sold 19,100 shares as American Tower Corp New (AMT)’s stock rose 18.69%. The Adams Express Company holds 85,900 shares with $11.37 million value, down from 105,000 last quarter. American Tower Corp New now has $59.88B valuation. The stock rose 1.15% or $1.59 reaching $139.52. About 168,128 shares traded. American Tower Corp (NYSE:AMT) has risen 23.66% since October 12, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.

The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) hit a new 52-week high and has $175.17 target or 3.00% above today’s $170.07 share price. The 8 months bullish chart indicates low risk for the $25.19 billion company. The 1-year high was reported on Oct, 12 by Barchart.com. If the $175.17 price target is reached, the company will be worth $755.70M more. About 166,881 shares traded. Canadian Pacific Railway Limited (USA) (NYSE:CP) has risen 21.39% since October 12, 2016 and is uptrending. It has outperformed by 4.69% the S&P500.

Analysts await Canadian Pacific Railway Limited (USA) (NYSE:CP) to report earnings on October, 18. They expect $2.38 EPS, up 13.88% or $0.29 from last year’s $2.09 per share. CP’s profit will be $352.51M for 17.86 P/E if the $2.38 EPS becomes a reality. After $2.06 actual EPS reported by Canadian Pacific Railway Limited (USA) for the previous quarter, Wall Street now forecasts 15.53% EPS growth.

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company has market cap of $25.19 billion. The Firm operates through rail transportation segment. It has a 19.01 P/E ratio. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Among 25 analysts covering Canadian Pacific (NYSE:CP), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. Canadian Pacific has $225 highest and $119 lowest target. $175.94’s average target is 3.45% above currents $170.07 stock price. Canadian Pacific had 61 analyst reports since September 30, 2015 according to SRatingsIntel. Buckingham Research maintained the stock with “Buy” rating in Thursday, April 21 report. Seaport Global initiated it with “Buy” rating and $165 target in Monday, October 24 report. Credit Suisse maintained Canadian Pacific Railway Limited (USA) (NYSE:CP) on Friday, February 19 with “Outperform” rating. Stifel Nicolaus maintained the shares of CP in report on Wednesday, June 28 with “Buy” rating. Credit Suisse maintained it with “Outperform” rating and $135 target in Friday, January 22 report. The company was initiated on Monday, April 25 by JP Morgan. The company was maintained on Monday, August 14 by Stifel Nicolaus. The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) earned “Outperform” rating by Cowen & Co on Monday, October 5. Stifel Nicolaus maintained the shares of CP in report on Tuesday, July 11 with “Buy” rating. CLSA initiated the stock with “Underperform” rating in Thursday, May 19 report.

Analysts await American Tower Corp (NYSE:AMT) to report earnings on October, 26. They expect $1.61 EPS, up 8.05% or $0.12 from last year’s $1.49 per share. AMT’s profit will be $690.99 million for 21.66 P/E if the $1.61 EPS becomes a reality. After $1.68 actual EPS reported by American Tower Corp for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

Since April 28, 2017, it had 0 insider buys, and 4 insider sales for $7.07 million activity. $5.13M worth of stock was sold by Meyer Robert Joseph JR on Friday, April 28. Another trade for 4,167 shares valued at $532,418 was sold by SHARBUTT DAVID E. REED JOANN A sold $938,838 worth of stock.

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