Canadian Pacific Railway Limited (CP) Receives Average Rating of “Buy” from Analysts

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) has received a consensus recommendation of “Buy” from the twenty-one ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $237.38.

Several equities research analysts have recently issued reports on CP shares. Seaport Global Securities restated a “buy” rating and issued a $205.00 price objective on shares of Canadian Pacific Railway in a research note on Monday, June 25th. Raymond James upgraded shares of Canadian Pacific Railway from an “outperform” rating to a “strong-buy” rating in a research note on Monday, July 9th. Deutsche Bank downgraded shares of Canadian Pacific Railway to a “buy” rating in a research note on Monday, July 9th. Zacks Investment Research downgraded shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, Loop Capital restated a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, July 19th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. WCM Investment Management CA boosted its stake in Canadian Pacific Railway by 3.3% during the second quarter. WCM Investment Management CA now owns 4,345,771 shares of the transportation company’s stock worth $795,363,000 after buying an additional 140,726 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in Canadian Pacific Railway by 1.7% during the second quarter. Artisan Partners Limited Partnership now owns 3,327,729 shares of the transportation company’s stock worth $609,041,000 after buying an additional 55,083 shares in the last quarter. Egerton Capital UK LLP boosted its stake in Canadian Pacific Railway by 24.4% during the second quarter. Egerton Capital UK LLP now owns 2,792,805 shares of the transportation company’s stock worth $511,139,000 after buying an additional 548,467 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Canadian Pacific Railway by 0.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,059,934 shares of the transportation company’s stock worth $377,010,000 after buying an additional 10,644 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Canadian Pacific Railway by 4.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,793,020 shares of the transportation company’s stock worth $316,468,000 after buying an additional 80,763 shares in the last quarter. Hedge funds and other institutional investors own 65.08% of the company’s stock.

Shares of NYSE:CP traded down $2.19 during trading on Wednesday, reaching $218.50. The stock had a trading volume of 27,156 shares, compared to its average volume of 528,846. Canadian Pacific Railway has a 52 week low of $164.01 and a 52 week high of $224.19. The firm has a market cap of $30.22 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.78 and a beta of 1.07. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.21.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 18th. The transportation company reported $3.16 EPS for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.76. Canadian Pacific Railway had a net margin of 33.92% and a return on equity of 27.87%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the firm posted $2.77 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Canadian Pacific Railway will post 10.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 29th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.4999 per share. The ex-dividend date is Thursday, September 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.92%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. Canadian Pacific Railway’s payout ratio is currently 22.89%.

About Canadian Pacific Railway

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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

Recommended Story: Conference Calls

Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply