Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its price objective lowered by UBS Group from $349.00 to $346.00 in a research report released on Tuesday, September 17th, Stock Target Advisor reports. The brokerage currently has a buy rating on the transportation company’s stock.
Several other equities research analysts have also recently commented on the company. TheStreet cut Canadian Pacific Railway from a b+ rating to a c rating in a report on Tuesday, July 16th. Argus raised their target price on Canadian Pacific Railway to $265.00 and gave the stock a buy rating in a research note on Thursday, July 18th. National Bank Financial cut Canadian Pacific Railway from an outperform rating to a sector perform rating and set a $233.71 target price for the company. in a research note on Thursday, June 27th. Loop Capital cut Canadian Pacific Railway from a buy rating to a hold rating in a research note on Wednesday, July 10th. Finally, Wolfe Research cut Canadian Pacific Railway from an outperform rating to a peer perform rating in a research note on Friday, June 28th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Canadian Pacific Railway currently has a consensus rating of Buy and a consensus target price of $260.73.
Canadian Pacific Railway stock traded up $1.95 during midday trading on Tuesday, hitting $216.01. 449,625 shares of the company were exchanged, compared to its average volume of 427,093. The firm has a market capitalization of $29.32 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. The business has a fifty day simple moving average of $228.56 and a two-hundred day simple moving average of $227.47. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.55 and a current ratio of 0.67. Canadian Pacific Railway has a fifty-two week low of $167.48 and a fifty-two week high of $247.52.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, July 16th. The transportation company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.19 by $1.11. Canadian Pacific Railway had a return on equity of 32.03% and a net margin of 30.40%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business posted $3.16 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts expect that Canadian Pacific Railway will post 12.49 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a $0.634 dividend. This represents a $2.54 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, September 26th. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.62. Canadian Pacific Railway’s payout ratio is 22.41%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CP. Veritas Asset Management LLP acquired a new position in Canadian Pacific Railway during the 2nd quarter worth approximately $410,776,000. FIL Ltd boosted its stake in shares of Canadian Pacific Railway by 13.6% during the 1st quarter. FIL Ltd now owns 4,056,828 shares of the transportation company’s stock worth $835,864,000 after acquiring an additional 485,524 shares in the last quarter. Egerton Capital UK LLP boosted its stake in shares of Canadian Pacific Railway by 14.1% during the 2nd quarter. Egerton Capital UK LLP now owns 3,876,127 shares of the transportation company’s stock worth $911,820,000 after acquiring an additional 480,354 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Canadian Pacific Railway in the 1st quarter valued at approximately $88,413,000. Finally, Point72 Asset Management L.P. lifted its stake in Canadian Pacific Railway by 776.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 350,544 shares of the transportation company’s stock valued at $82,478,000 after buying an additional 310,544 shares in the last quarter. Institutional investors own 68.02% 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.
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