Loop Capital downgraded shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) from a buy rating to a hold rating in a research report released on Wednesday, Benzinga’s Daily Ratings Newsletter reports.
A number of other research firms also recently issued reports on CP. Macquarie set a $52.00 price objective on shares of Southwest Airlines and gave the stock a hold rating in a report on Thursday, March 28th. Deutsche Bank downgraded shares of CROWN CASTLE IN/SH SH from a buy rating to a hold rating and set a $121.00 price target on the stock. in a report on Monday, March 18th. They noted that the move was a valuation call. Desjardins downgraded shares of Canadian Pacific Railway from a buy rating to a hold rating in a report on Friday, April 12th. Zacks Investment Research downgraded shares of Guardant Health from a hold rating to a sell rating in a report on Monday, March 18th. Finally, National Bank Financial reaffirmed a sector perform spec overwgt rating on shares of Almaden Minerals in a report on Thursday, June 27th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $234.41.
CP opened at $239.10 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.66 and a current ratio of 0.76. The stock has a market capitalization of $33.44 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. The business has a 50 day simple moving average of $232.58. Canadian Pacific Railway has a 12-month low of $167.48 and a 12-month high of $241.20.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.54. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.78 billion. Canadian Pacific Railway had a net margin of 27.45% and a return on equity of 30.52%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.70 earnings per share. As a group, research analysts predict that Canadian Pacific Railway will post 12.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.6174 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.47 annualized dividend and a yield of 1.03%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.49. Canadian Pacific Railway’s payout ratio is currently 22.68%.
Hedge funds have recently added to or reduced their stakes in the company. We Are One Seven LLC lifted its holdings in shares of Canadian Pacific Railway by 72.8% in the first quarter. We Are One Seven LLC now owns 2,328 shares of the transportation company’s stock worth $479,000 after buying an additional 981 shares in the last quarter. Moors & Cabot Inc. purchased a new position in shares of Canadian Pacific Railway in the first quarter worth $360,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in shares of Canadian Pacific Railway in the fourth quarter worth $18,909,000. Park National Corp OH lifted its holdings in shares of Canadian Pacific Railway by 11.1% in the first quarter. Park National Corp OH now owns 1,708 shares of the transportation company’s stock worth $352,000 after buying an additional 170 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in shares of Canadian Pacific Railway by 23.8% in the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 76,001 shares of the transportation company’s stock worth $15,664,000 after buying an additional 14,624 shares in the last quarter. 67.63% of the stock is currently owned by hedge funds and other institutional investors.
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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.
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