Canadian Pacific Railway Limited (NYSE:CP) Receives Average Recommendation of “Buy” from Analysts

Canadian Pacific Railway Limited (NYSE:CP – Get Rating) (TSE:CP) has been assigned an average recommendation of “Buy” from the twenty ratings firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $93.60.

Several research analysts recently commented on CP shares. Raymond James reduced their price target on Canadian Pacific Railway from C$105.00 to C$100.00 in a research report on Friday, April 22nd. Susquehanna Bancshares increased their price target on Canadian Pacific Railway from $89.00 to $96.00 in a research report on Thursday, April 7th. Susquehanna increased their price target on Canadian Pacific Railway from $89.00 to $96.00 and gave the company a “positive” rating in a research report on Thursday, April 7th. Zacks Investment Research raised Canadian Pacific Railway from a “sell” rating to a “hold” rating and set a $76.00 price target for the company in a research report on Monday, February 21st. Finally, Bank of America cut Canadian Pacific Railway from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a research report on Friday, April 8th.

A number of institutional investors have recently bought and sold shares of CP. Avion Wealth bought a new position in Canadian Pacific Railway during the 4th quarter worth $25,000. McIlrath & Eck LLC increased its stake in shares of Canadian Pacific Railway by 372.9% in the 3rd quarter. McIlrath & Eck LLC now owns 402 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Professional Financial Advisors LLC bought a new position in shares of Canadian Pacific Railway in the 4th quarter valued at $26,000. Sage Private Wealth Group LLC bought a new position in shares of Canadian Pacific Railway in the 4th quarter valued at $26,000. Finally, Resources Management Corp CT ADV bought a new position in shares of Canadian Pacific Railway in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 75.22% of the company’s stock.

NYSE:CP traded up $0.32 during mid-day trading on Friday, hitting $68.99. The company had a trading volume of 73,695 shares, compared to its average volume of 2,851,345. Canadian Pacific Railway has a fifty-two week low of $64.37 and a fifty-two week high of $84.22. The business’s fifty day moving average is $75.92 and its two-hundred day moving average is $74.37. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 0.44. The firm has a market cap of $64.15 billion, a P/E ratio of 21.75, a P/E/G ratio of 2.53 and a beta of 0.96.

Canadian Pacific Railway (NYSE:CP – Get Rating) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 27th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.07). Canadian Pacific Railway had a return on equity of 11.88% and a net margin of 36.24%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was down 6.2% compared to the same quarter last year. Equities analysts forecast that Canadian Pacific Railway will post 2.89 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 25th. Investors of record on Friday, June 24th will be issued a dividend of $0.152 per share. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.15. This represents a $0.61 annualized dividend and a yield of 0.88%. The ex-dividend date is Thursday, June 23rd. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 19.30%.

About Canadian Pacific Railway (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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