Canadian Pacific Railway (NYSE:CP – Rating Received) (TSE:CP) Analysts at National Bank Financial raised its target price to $105.00 from $98.00 in a note issued to investors on Thursday, reports The Fly.
A number of other equity analysts have also rated the stock. Scotiabank downgraded shares of Canadian Pacific Railway from a sector outperform rating to a sector perform rating in a research report Thursday, July 7. Wells Fargo & Company lowered its target price on Canadian Pacific Railway shares to $83.00 from $88.00 and ranked the company as “overweight” in a research report on Friday, July 15. Credit Suisse Group began coverage on Canadian Pacific Railway shares in a research report on Monday, June 27th. They put the company at a “neutral” rating and a price target of $74.00. Susquehanna lowered its price target on Canadian Pacific Railway shares from $91.00 to $84.00 in a research note on Wednesday, July 6. Finally, Evercore ISI increased its target price on Canadian Pacific Railway shares to $78.00 from $76.00 and gave the company a Outperform rating in a research note on Tuesday, July 12. Five analysts have rated the stock with a hold rating and eleven with a buy rating. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.94.
Canadian Pacific Railway price history
Shares of CP fell $0.56 on Thursday afternoon to hit $71.26. The stock had a trading volume of 221,367 shares compared to an average volume of 1,821,593. The company has a market cap of $66.28 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 2.49 and a beta of 0.96. Canadian Pacific Railway has a 12-month low of $64.37 and a 12-month high of $84.22. The company has a 50-day moving average of $77.06 and a 200-day moving average of $75.00. 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 released its quarterly earnings results on Thursday, July 28th. The transportation company reported earnings per share of $0.74 for the quarter, beating analyst consensus estimates of $0.69 by $0.05. The company had revenue of $2.20 billion in the quarter, compared to analyst estimates of $2.19 billion. Canadian Pacific Railway had a net margin of 29.38% and a return on equity of 9.74%. The company’s revenue rose 7.2% year over year. In the same period last year, the company reported earnings per share of $0.84. Equity analysts are forecasting Canadian Pacific Railway to post 2.97 year-to-date EPS.
Institutional investors take a stake in the Canadian Pacific Railway
A number of institutional investors and hedge funds have recently added to or reduced their holdings in CP. WCM Investment Management LLC increased its stake in Canadian Pacific Railway shares by 5.9% in the first quarter. WCM Investment Management LLC now owns 33,849,081 shares of the transportation company’s stock valued at $2,793,903,000 after purchasing an additional 1,895,956 shares during the period. FMR LLC increased its stake in Canadian Pacific Railway stock by 2.6% during the second quarter. FMR LLC now owns 30,803,463 shares of the transportation company’s stock valued at $2,151,576,000 after purchasing an additional 793,433 shares during the period. Vanguard Group Inc. added 2.4% to its holding of Canadian Pacific Railway shares in the first quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company valued at $2,496,807,000 after purchasing an additional 695,215 shares during the period. Mackenzie Financial Corp increased its stake in Canadian Pacific Railway stock by 4.5% in the fourth quarter. Mackenzie Financial Corp now owns 19,258,574 shares of the transportation company’s stock valued at $1,385,204,000 after purchasing an additional 833,125 shares during the period. Finally, Veritas Asset Management LLP increased its stake in Canadian Pacific Railway by 11.8% during the first quarter. Veritas Asset Management LLP now owns 17,211,071 shares of the transportation company’s stock valued at $1,420,602,000 after purchasing an additional 1,819,700 shares during the period. Institutional investors own 72.53% of the company’s shares.
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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