Canadian Pacific Railway (NYSE:CP) (TSE:CP)‘s stock had its “buy” rating reissued by BMO Capital Markets in a research note issued on Monday. They presently have a $260.00 price objective on the transportation company’s stock, up from their previous price objective of $242.00. BMO Capital Markets’ price objective would suggest a potential upside of 16.71% from the stock’s current price.
Several other equities research analysts also recently issued reports on CP. Stifel Nicolaus increased their price target on Canadian Pacific Railway from $207.00 to $247.00 and gave the stock a “hold” rating in a report on Sunday. Citigroup restated a “buy” rating and issued a $260.00 price target (up from $242.00) on shares of Canadian Pacific Railway in a report on Friday, October 5th. Stephens restated a “hold” rating and issued a $239.00 price target on shares of Canadian Pacific Railway in a report on Monday. Deutsche Bank set a $245.00 price target on Canadian Pacific Railway and gave the stock a “buy” rating in a report on Friday, October 5th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Canadian Pacific Railway in a report on Friday, October 5th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Canadian Pacific Railway currently has a consensus rating of “Buy” and an average target price of $237.38.
NYSE CP opened at $222.78 on Monday. Canadian Pacific Railway has a 12 month low of $164.01 and a 12 month high of $224.19. The stock has a market capitalization of $30.22 billion, a P/E ratio of 25.41, 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 announced its quarterly earnings results on Wednesday, July 18th. The transportation company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.76. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the prior year, the company earned $2.77 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts predict that Canadian Pacific Railway will post 10.25 EPS for the current year.
Several large investors have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. acquired a new position in Canadian Pacific Railway during the second quarter valued at approximately $103,000. Zions Bancorporation acquired a new position in Canadian Pacific Railway during the second quarter valued at approximately $134,000. Cerebellum GP LLC acquired a new position in Canadian Pacific Railway during the third quarter valued at approximately $192,000. Financial Gravity Wealth Inc. acquired a new position in Canadian Pacific Railway during the first quarter valued at approximately $175,000. Finally, Triangle Securities Wealth Management acquired a new position in Canadian Pacific Railway during the third quarter valued at approximately $226,000. Institutional investors and hedge funds own 65.08% of the company’s stock.
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.
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