CP has been the subject of a number of other reports. Zacks Investment Research upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating and set a $226.00 price target for the company in a report on Thursday, February 7th. Stephens restated a “hold” rating and issued a $206.00 target price on shares of Canadian Pacific Railway in a research note on Sunday, January 6th. Credit Suisse Group upped their target price on Canadian Pacific Railway from $224.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, January 24th. Barclays restated a “buy” rating and issued a $229.00 target price on shares of Canadian Pacific Railway in a research note on Thursday, January 17th. Finally, BMO Capital Markets restated a “buy” rating on shares of Canadian Pacific Railway in a research note on Sunday, December 16th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Canadian Pacific Railway presently has an average rating of “Buy” and a consensus target price of $232.21.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) was downgraded by stock analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a report released on Tuesday, Marketbeat Ratings reports. They currently have a $211.00 price target on the transportation company’s stock. Sanford C. Bernstein’s price target indicates a potential upside of 2.99% from the stock’s current price.
Shares of CP stock opened at $204.87 on Tuesday. Canadian Pacific Railway has a 12 month low of $167.48 and a 12 month high of $224.19. The company has a market cap of $29.06 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.57 and a quick ratio of 0.58.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 23rd. The transportation company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $1.37. Canadian Pacific Railway had a return on equity of 30.83% and a net margin of 26.62%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company earned $3.22 earnings per share. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Equities analysts anticipate that Canadian Pacific Railway will post 12.65 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC grew its position in Canadian Pacific Railway by 186.2% in the fourth quarter. CWM LLC now owns 166 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 108 shares during the period. Van ECK Associates Corp bought a new stake in Canadian Pacific Railway in the fourth quarter valued at $36,000. Capital Investment Advisory Services LLC bought a new stake in Canadian Pacific Railway in the fourth quarter valued at $40,000. Princeton Global Asset Management LLC bought a new stake in Canadian Pacific Railway in the fourth quarter valued at $45,000. Finally, Bartlett & Co. LLC bought a new stake in Canadian Pacific Railway in the fourth quarter valued at $67,000. Institutional investors and hedge funds own 68.31% 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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