Canadian Pacific Railway (NYSE:CP) Price Target Cut to C$100.00 by Analysts at Raymond James

Canadian Pacific Railway (NYSE:CP – Get Rating) (TSE:CP) had its price target reduced by equities researchers at Raymond James from C$105.00 to C$100.00 in a research report issued to clients and investors on Friday, The Fly reports.

Other equities analysts have also recently issued research reports about the stock. Bank of America cut shares of Canadian Pacific Railway from a “buy” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Friday, April 8th. StockNews.com started coverage on shares of Canadian Pacific Railway in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup upped their target price on shares of Canadian Pacific Railway from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, January 5th. Susquehanna Bancshares increased their price objective on shares of Canadian Pacific Railway from $89.00 to $96.00 in a research note on Thursday, April 7th. Finally, UBS Group upgraded shares of Canadian Pacific Railway to a “positive” rating in a research note on Monday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $93.33.

NYSE:CP opened at $77.58 on Friday. The firm’s 50-day moving average price is $76.65 and its 200-day moving average price is $74.54. The company has a market capitalization of $72.13 billion, a PE ratio of 23.02, a P/E/G ratio of 2.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.35. Canadian Pacific Railway has a 1-year low of $64.37 and a 1-year high of $84.22.

Canadian Pacific Railway (NYSE:CP – Get Rating) (TSE:CP) last announced its quarterly earnings data on Thursday, January 27th. The transportation company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.01). Canadian Pacific Railway had a net margin of 35.84% and a return on equity of 17.05%. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts anticipate that Canadian Pacific Railway will post 3.01 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Avion Wealth purchased a new position in Canadian Pacific Railway during the 4th quarter worth approximately $25,000. McIlrath & Eck LLC lifted its position in Canadian Pacific Railway by 372.9% during the third quarter. McIlrath & Eck LLC now owns 402 shares of the transportation company’s stock worth $26,000 after buying an additional 317 shares during the period. Professional Financial Advisors LLC purchased a new position in Canadian Pacific Railway during the fourth quarter worth about $26,000. Sage Private Wealth Group LLC acquired a new stake in Canadian Pacific Railway during the fourth quarter worth about $26,000. Finally, Resources Management Corp CT ADV acquired a new stake in Canadian Pacific Railway during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 79.49% of the company’s stock.

Canadian Pacific Railway Company Profile (Get Rating)

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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