Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) has received an average recommendation of “Buy” from the twenty-five research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twenty have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $87.20.
Several analysts recently commented on CP shares. Royal Bank of Canada raised their target price on Canadian Pacific Railway from $101.80 to $117.40 and gave the company an “outperform” rating in a research report on Monday, March 22nd. Barclays upgraded shares of Canadian Pacific Railway from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $78.00 to $88.00 in a research note on Thursday, April 15th. Susquehanna increased their target price on shares of Canadian Pacific Railway from $80.40 to $80.60 and gave the company a “positive” rating in a research report on Thursday, April 22nd. National Bank Financial restated an “outperform” rating on shares of Canadian Pacific Railway in a research report on Thursday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Canadian Pacific Railway from $73.60 to $81.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd.
Shares of Canadian Pacific Railway stock traded down $0.28 during trading on Monday, hitting $79.91. 4,804,750 shares of the stock were exchanged, compared to its average volume of 2,946,059. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.51 and a current ratio of 0.60. Canadian Pacific Railway has a 12 month low of $43.70 and a 12 month high of $81.63. The stock’s fifty day moving average is $75.19 and its 200 day moving average is $70.78. The stock has a market cap of $10.65 billion, a PE ratio of 6.37, a P/E/G ratio of 2.60 and a beta of 0.93.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, April 20th. The transportation company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.69 by $0.21. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Canadian Pacific Railway had a net margin of 29.66% and a return on equity of 32.77%. Canadian Pacific Railway’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. Sell-side analysts anticipate that Canadian Pacific Railway will post 13.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 26th. Investors of record on Friday, June 25th will be given a dividend of $0.7565 per share. This represents a $3.03 annualized dividend and a yield of 3.79%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Thursday, June 24th. Canadian Pacific Railway’s payout ratio is presently 24.05%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in Canadian Pacific Railway in the 4th quarter worth approximately $581,447,000. FMR LLC increased its position in Canadian Pacific Railway by 30.2% in the 4th quarter. FMR LLC now owns 4,939,154 shares of the transportation company’s stock worth $1,713,241,000 after purchasing an additional 1,145,800 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Canadian Pacific Railway by 109.0% during the 1st quarter. Clearbridge Investments LLC now owns 776,962 shares of the transportation company’s stock valued at $294,694,000 after buying an additional 405,131 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Canadian Pacific Railway by 15.6% in the 4th quarter. Mackenzie Financial Corp now owns 2,480,968 shares of the transportation company’s stock valued at $857,943,000 after buying an additional 335,309 shares in the last quarter. Finally, WCM Investment Management LLC increased its holdings in Canadian Pacific Railway by 4.0% in the fourth quarter. WCM Investment Management LLC now owns 6,363,460 shares of the transportation company’s stock worth $2,222,899,000 after buying an additional 247,497 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.
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.
See Also: Dollar Cost Averaging
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.