10 15 Associates Inc. boosted its position in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,659 shares of the transportation company’s stock after purchasing an additional 163 shares during the period. 10 15 Associates Inc.’s holdings in Canadian Pacific Railway were worth $2,463,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. KCS Wealth Advisory purchased a new position in Canadian Pacific Railway in the third quarter valued at approximately $36,000. First Interstate Bank purchased a new position in Canadian Pacific Railway in the third quarter valued at approximately $67,000. Bartlett & Co. LLC lifted its stake in Canadian Pacific Railway by 12.8% in the third quarter. Bartlett & Co. LLC now owns 389 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 44 shares during the last quarter. Quest Capital Management Inc. ADV purchased a new position in Canadian Pacific Railway in the third quarter valued at approximately $89,000. Finally, Baldwin Brothers Inc. MA purchased a new position in Canadian Pacific Railway in the third quarter valued at approximately $132,000. Institutional investors and hedge funds own 67.66% of the company’s stock.
NYSE:CP opened at $261.28 on Friday. The company has a market cap of $35.80 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.72 and a beta of 1.15. The stock’s fifty day moving average price is $255.96 and its two-hundred day moving average price is $238.03. Canadian Pacific Railway Ltd has a 1 year low of $195.34 and a 1 year high of $267.63. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.57 and a quick ratio of 0.48.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $4.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $1.20. Canadian Pacific Railway had a return on equity of 32.62% and a net margin of 30.02%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the business posted $4.12 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts expect that Canadian Pacific Railway Ltd will post 12.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.6303 dividend. The ex-dividend date is Thursday, December 26th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 22.68%.
Several equities analysts recently commented on CP shares. Raymond James reiterated an “outperform” rating and issued a $340.00 price objective on shares of Canadian Pacific Railway in a research note on Thursday, October 24th. National Bank Financial dropped their price objective on Canadian Pacific Railway from $328.00 to $322.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price objective on Canadian Pacific Railway from $378.00 to $355.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Co reiterated a “buy” rating on shares of Canadian Pacific Railway in a research note on Friday, December 6th. Finally, Zacks Investment Research downgraded Canadian Pacific Railway from a “hold” rating to a “sell” rating and set a $227.00 price objective on the stock. in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $283.50.
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.
Further Reading: Neutral Rating
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