DekaBank Deutsche Girozentrale grew its holdings in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,174 shares of the transportation company’s stock after purchasing an additional 1,575 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Canadian Pacific Railway were worth $29,251,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CP. Guggenheim Capital LLC purchased a new position in Canadian Pacific Railway in the 3rd quarter worth $420,000. First Allied Advisory Services Inc. purchased a new position in Canadian Pacific Railway in the 3rd quarter worth $259,000. Wealth Alliance raised its stake in Canadian Pacific Railway by 10.7% in the 3rd quarter. Wealth Alliance now owns 2,077 shares of the transportation company’s stock worth $632,000 after acquiring an additional 200 shares during the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new position in Canadian Pacific Railway in the 3rd quarter worth $343,000. Finally, Chartwell Investment Partners LLC raised its stake in Canadian Pacific Railway by 15.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 15,375 shares of the transportation company’s stock worth $4,681,000 after acquiring an additional 2,059 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.
A number of equities analysts have weighed in on the company. Argus lifted their price objective on Canadian Pacific Railway from $350.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. Smith Barney Citigroup lifted their price objective on Canadian Pacific Railway from $355.00 to $430.00 in a research note on Monday, January 11th. CIBC lifted their price objective on Canadian Pacific Railway from $490.00 to $560.00 and gave the company an “outperform” rating in a research note on Monday, March 22nd. National Bank Financial upgraded Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $490.00 to $515.00 in a research note on Wednesday, March 31st. Finally, Desjardins lifted their price objective on Canadian Pacific Railway from $486.00 to $520.00 and gave the company a “buy” rating in a research note on Tuesday, March 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Canadian Pacific Railway currently has a consensus rating of “Buy” and a consensus price target of $426.09.
CP stock opened at $377.26 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.51 and a debt-to-equity ratio of 1.18. Canadian Pacific Railway Limited has a 12-month low of $211.43 and a 12-month high of $390.46. The stock has a market cap of $50.29 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.60 and a beta of 0.93. The business’s 50-day moving average is $368.13 and its 200 day moving average is $341.50.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, January 26th. The transportation company reported $5.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.02 by $0.04. Canadian Pacific Railway had a return on equity of 32.77% and a net margin of 29.66%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the previous year, the firm posted $4.77 EPS. Canadian Pacific Railway’s revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that Canadian Pacific Railway Limited will post 13.57 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 26th. Stockholders of record on Friday, March 26th will be issued a dividend of $0.7436 per share. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.72. This represents a $2.97 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, March 25th. Canadian Pacific Railway’s payout ratio is currently 24.05%.
About Canadian Pacific Railway
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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