Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) has earned a consensus recommendation of “Buy” from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $199.46.
CP has been the topic of several research reports. Cowen lifted their price target on shares of Canadian Pacific Railway from $184.00 to $207.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Deutsche Bank initiated coverage on shares of Canadian Pacific Railway in a research note on Wednesday, November 1st. They set a “buy” rating and a $209.00 price target on the stock. Finally, Goldman Sachs Group raised shares of Canadian Pacific Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $176.72 to $213.00 in a research note on Tuesday, February 13th.
Canadian Pacific Railway (CP) opened at $185.52 on Tuesday. The company has a market cap of $26,754.34, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.53 and a beta of 1.08. Canadian Pacific Railway has a one year low of $143.20 and a one year high of $188.74. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.44 and a current ratio of 0.53.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Thursday, January 18th. The transportation company reported $2.54 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.03). The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Canadian Pacific Railway had a return on equity of 31.61% and a net margin of 36.88%. sell-side analysts predict that Canadian Pacific Railway will post 10.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 23rd will be paid a $0.4473 dividend. This represents a $1.79 annualized dividend and a dividend yield of 0.96%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, March 22nd. Canadian Pacific Railway’s payout ratio is presently 14.33%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. TD Asset Management Inc. boosted its holdings in Canadian Pacific Railway by 5.7% in the third quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock valued at $659,089,000 after acquiring an additional 213,056 shares in the last quarter. Hansberger Growth Investors LP boosted its holdings in Canadian Pacific Railway by 9.4% in the third quarter. Hansberger Growth Investors LP now owns 50,253 shares of the transportation company’s stock valued at $8,444,000 after acquiring an additional 4,320 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Canadian Pacific Railway by 22.2% in the third quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock valued at $448,756,000 after acquiring an additional 486,845 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Canadian Pacific Railway by 15.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,744 shares of the transportation company’s stock valued at $925,000 after acquiring an additional 751 shares in the last quarter. Finally, Investec Asset Management LTD boosted its holdings in Canadian Pacific Railway by 36.2% in the third quarter. Investec Asset Management LTD now owns 275,062 shares of the transportation company’s stock valued at $46,219,000 after acquiring an additional 73,097 shares in the last quarter. 67.98% of the stock is currently owned by institutional investors.
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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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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