Canadian Pacific Railway Limited (NYSE:CP – Get Rating) (TSE:CP) stock has received an average recommendation of “Moderate Buy” from the eighteen rating agencies that currently cover the company, reports MarketBeat.com. Four research analysts have rated the stock with a hold rating and nine have rated the company with a buy rating. The average 12-month target price among brokers who have covered the stock over the past year is $89.53.
CP has been the subject of several analyst reports. National Bank Financial raised its price target on the Canadian Pacific Railway to $98.00 from $93.00 in a report on Friday, July 29. Susquehanna lowered its price target on Canadian Pacific Railway to $84.00 from $91.00 in a report on Wednesday, July 6. StockNews.com upgraded Canadian Pacific Railway from a “sell” rating to a “hold” rating in a report Tuesday, June 21. Credit Suisse Group took over coverage of Canadian Pacific Railway shares in a report on Monday, June 27. They issued a “neutral” rating and a price target of $74.00 on the stock. Finally, in a report Thursday, July 7, Scotiabank downgraded shares of Canadian Pacific Railway from a sector outperform rating to a sector perform rating.
Hedge funds invest in the Canadian Pacific Railway
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new interest in Canadian Pacific Railway valued at approximately $37,000 during the second quarter. Column Capital Advisors LLC acquired a new interest in Canadian Pacific Railway stock valued at approximately $39,000 during the first quarter. Rational Advisors LLC acquired a new interest in Canadian Pacific Railway stock valued at approximately $39,000 during the first quarter. Independence Bank of Kentucky acquired a new stake in Canadian Pacific Railway stock worth about $40,000 during the first quarter. Finally, during the fourth quarter, Godsey & Gibb Associates acquired a new interest in Canadian Pacific Railway stock valued at approximately $44,000. 72.53% of the shares are owned by institutional investors and hedge funds.
Canadian Pacific Railway price history
Canadian Pacific Railway shares opened at $71.82 on Thursday. The company’s 50-day moving average price is $77.03 and its 200-day moving average price is $75.02. Canadian Pacific Railway has a 1 year low of $64.37 and a 1 year high of $84.22. The stock has a market cap of $66.80 billion, a P/E of 31.36, a P/E of 2.53, and a beta of 0.96. The company has a debt to equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.50.
Canadian Pacific Railway (NYSE:CP – Get Rating) (TSE:CP) last announced its earnings results on Thursday, July 28th. The transportation company reported earnings per share (EPS) of $0.90 for the quarter, beating the consensus estimate of $0.71 by $0.19. Canadian Pacific Railway had a net margin of 29.38% and a return on equity of 9.74%. The company made $2.20 billion in revenue for the quarter, compared to analysts’ expectations of $2.19 billion. In the same quarter last year, the company posted $0.84 per share. The company’s quarterly revenue rose 7.2% year over year. As a group, equity analysts expect Canadian Pacific Railway to report fiscal year-to-date earnings per share of 2.97.
Canadian Pacific Railway lowers dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30 will receive a dividend of $0.148. That equates to a dividend of $0.59 on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday September 29th. Canadian Pacific Railway’s Dividend Payout Ratio (DPR) is 25.76%.
Canadian Pacific Railway Company Profile
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railroad in Canada and the United States. The company transports bulk goods, including grain, coal, potash, fertilizer and sulfur; and commodity freight, such as energy, chemicals and plastics, metals, minerals, and consumer, automotive, and forest products.
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