Canadian Pacific Railway (NYSE:CP) PT Raised to $485.00

Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its target price hoisted by TD Securities from $450.00 to $485.00 in a research report released on Wednesday morning, The Fly reports. They currently have a buy rating on the transportation company’s stock.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada upped their price target on Canadian Pacific Railway from $439.00 to $451.00 and gave the company an outperform rating in a research report on Wednesday. Credit Suisse Group upped their price target on Canadian Pacific Railway from $336.00 to $353.00 and gave the company an outperform rating in a research report on Wednesday. Scotiabank increased their price objective on Canadian Pacific Railway from $395.00 to $450.00 in a report on Friday, October 9th. Barclays increased their price objective on Canadian Pacific Railway from $239.00 to $257.00 and gave the stock an equal weight rating in a report on Wednesday, July 15th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Canadian Pacific Railway from a buy rating to a hold rating and set a $314.00 price objective on the stock. in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $362.95.

CP stock opened at $314.70 on Wednesday. The stock’s fifty day simple moving average is $305.43 and its two-hundred day simple moving average is $268.07. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 1.27. Canadian Pacific Railway has a 1-year low of $173.26 and a 1-year high of $327.40. The stock has a market cap of $42.33 billion, a P/E ratio of 25.10, a P/E/G ratio of 2.87 and a beta of 0.91.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, October 20th. The transportation company reported $4.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.23 by ($0.11). Canadian Pacific Railway had a return on equity of 34.28% and a net margin of 29.48%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the firm posted $4.61 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, analysts forecast that Canadian Pacific Railway will post 13.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 25th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.7202 per share. The ex-dividend date of this dividend is Wednesday, December 30th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.71. This represents a $2.88 annualized dividend and a dividend yield of 0.92%. Canadian Pacific Railway’s dividend payout ratio is 22.92%.

Several institutional investors have recently made changes to their positions in the company. WCM Investment Management LLC grew its holdings in shares of Canadian Pacific Railway by 3.8% in the second quarter. WCM Investment Management LLC now owns 5,976,989 shares of the transportation company’s stock worth $1,526,165,000 after acquiring an additional 216,960 shares during the period. TD Asset Management Inc. raised its position in shares of Canadian Pacific Railway by 2.1% during the 2nd quarter. TD Asset Management Inc. now owns 3,755,922 shares of the transportation company’s stock worth $952,357,000 after buying an additional 76,588 shares in the last quarter. FMR LLC raised its position in shares of Canadian Pacific Railway by 19.4% during the 2nd quarter. FMR LLC now owns 3,017,263 shares of the transportation company’s stock worth $767,472,000 after buying an additional 490,263 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of Canadian Pacific Railway by 3.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,156,930 shares of the transportation company’s stock worth $472,787,000 after buying an additional 69,672 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Canadian Pacific Railway by 9.1% during the 2nd quarter. CIBC Asset Management Inc now owns 1,568,530 shares of the transportation company’s stock worth $397,730,000 after buying an additional 130,514 shares in the last quarter. Hedge funds and other institutional investors own 71.68% of the company’s stock.

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.

Featured Article: What are trading strategies for the 52-week high/low?

The Fly

Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.