Canadian Pacific Railway Ltd (CP) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) have been assigned an average recommendation of “Buy” from the twenty-three brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $227.60.

A number of research analysts have recently issued reports on the company. Morgan Stanley reiterated a “buy” rating on shares of Canadian Pacific Railway in a report on Thursday, April 4th. Credit Suisse Group cut their price target on Canadian Pacific Railway from $243.00 to $224.00 and set an “outperform” rating on the stock in a report on Monday, January 7th. Macquarie reiterated a “buy” rating on shares of Canadian Pacific Railway in a report on Thursday, March 28th. Sanford C. Bernstein downgraded Canadian Pacific Railway from an “outperform” rating to a “market perform” rating and set a $211.00 price target on the stock. in a report on Tuesday, March 12th. Finally, Zacks Investment Research upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating and set a $221.00 price target on the stock in a report on Thursday, February 14th.

CP opened at $216.25 on Friday. The firm has a market cap of $30.24 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.64 and a beta of 1.15. Canadian Pacific Railway has a 52 week low of $167.48 and a 52 week high of $224.19. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.23.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 23rd. The transportation company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.18 by $1.37. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Canadian Pacific Railway had a return on equity of 30.83% and a net margin of 26.62%. Canadian Pacific Railway’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the business posted $3.22 EPS. On average, equities research analysts forecast that Canadian Pacific Railway will post 12.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, March 29th will be given a $0.4887 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.90%. Canadian Pacific Railway’s payout ratio is 17.41%.

Institutional investors have recently bought and sold shares of the company. WCM Investment Management LLC lifted its holdings in shares of Canadian Pacific Railway by 5.4% during the 4th quarter. WCM Investment Management LLC now owns 4,949,371 shares of the transportation company’s stock valued at $879,107,000 after acquiring an additional 255,486 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Canadian Pacific Railway by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 3,671,523 shares of the transportation company’s stock valued at $778,143,000 after purchasing an additional 96,728 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Canadian Pacific Railway by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,671,523 shares of the transportation company’s stock valued at $778,143,000 after purchasing an additional 96,728 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Canadian Pacific Railway by 15.5% in the 4th quarter. CIBC Asset Management Inc now owns 1,983,724 shares of the transportation company’s stock valued at $352,088,000 after purchasing an additional 266,619 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Canadian Pacific Railway by 25.1% in the 4th quarter. Mackenzie Financial Corp now owns 1,902,990 shares of the transportation company’s stock valued at $338,009,000 after purchasing an additional 381,373 shares during the last quarter. 68.69% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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