Riverhead Capital Management LLC grew its holdings in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 16.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,400 shares of the transportation company’s stock after purchasing an additional 200 shares during the quarter. Riverhead Capital Management LLC’s holdings in Canadian Pacific Railway were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in CP. Liberty Wealth Management LLC raised its holdings in Canadian Pacific Railway by 287.8% during the 2nd quarter. Liberty Wealth Management LLC now owns 159 shares of the transportation company’s stock valued at $37,000 after buying an additional 118 shares during the period. Clear Perspective Advisors LLC bought a new stake in Canadian Pacific Railway during the second quarter valued at about $65,000. Capital Investment Advisory Services LLC boosted its holdings in Canadian Pacific Railway by 39.9% in the second quarter. Capital Investment Advisory Services LLC now owns 319 shares of the transportation company’s stock worth $76,000 after acquiring an additional 91 shares in the last quarter. Coastal Investment Advisors Inc. boosted its holdings in Canadian Pacific Railway by 81.5% in the second quarter. Coastal Investment Advisors Inc. now owns 343 shares of the transportation company’s stock worth $81,000 after acquiring an additional 154 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Canadian Pacific Railway by 787.5% in the first quarter. Advisory Services Network LLC now owns 426 shares of the transportation company’s stock worth $88,000 after acquiring an additional 378 shares in the last quarter. Institutional investors own 68.25% of the company’s stock.
Several research analysts recently weighed in on CP shares. Argus lifted their price target on Canadian Pacific Railway to $265.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Goldman Sachs Group assumed coverage on Canadian Pacific Railway in a research note on Wednesday, July 10th. They set a “neutral” rating and a $253.00 price objective on the stock. TheStreet lowered Canadian Pacific Railway from a “b+” rating to a “c” rating in a research note on Tuesday, July 16th. Loop Capital lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, Raymond James downgraded Canadian Pacific Railway from a “strong-buy” rating to an “outperform” rating in a report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $242.62.
NYSE CP traded up $1.09 during trading hours on Friday, hitting $231.12. 132,060 shares of the company were exchanged, compared to its average volume of 420,989. The company has a 50 day moving average of $236.56 and a two-hundred day moving average of $225.02. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 1.15. Canadian Pacific Railway Ltd has a 52-week low of $167.48 and a 52-week high of $247.52. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 1.64 and a beta of 1.09.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.19 by $1.11. Canadian Pacific Railway had a return on equity of 32.03% and a net margin of 30.40%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business earned $3.16 EPS. Canadian Pacific Railway’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts predict that Canadian Pacific Railway Ltd will post 12.7 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.634 per share. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $2.54 annualized dividend and a yield of 1.10%. Canadian Pacific Railway’s dividend payout ratio is 22.68%.
Canadian Pacific Railway Company Profile
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.
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