Canadian Pacific Railway (CP) Now Covered by Analysts at Stifel Nicolaus

Research analysts at Stifel Nicolaus started coverage on shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $201.00 price target on the transportation company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 7.92% from the stock’s current price.

A number of other research firms have also recently issued reports on CP. Cowen reiterated an “outperform” rating and set a $209.00 price objective (up from $207.00) on shares of Canadian Pacific Railway in a research report on Wednesday, February 28th. Credit Suisse Group upped their price objective on shares of Canadian Pacific Railway from $204.00 to $208.00 and gave the stock an “outperform” rating in a research report on Thursday, April 19th. Zacks Investment Research cut shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Goldman Sachs Group upgraded shares of Canadian Pacific Railway from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $176.72 to $213.00 in a research report on Tuesday, February 13th. Finally, Morgan Stanley lowered their price objective on shares of Canadian Pacific Railway from $248.00 to $243.00 and set an “overweight” rating for the company in a research report on Friday, April 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Canadian Pacific Railway has a consensus rating of “Buy” and an average target price of $206.75.

Shares of Canadian Pacific Railway opened at $186.25 on Thursday, Marketbeat Ratings reports. The company has a market capitalization of $26.56 billion, a PE ratio of 21.21, a PEG ratio of 1.52 and a beta of 1.04. The company has a quick ratio of 0.50, a current ratio of 0.58 and a debt-to-equity ratio of 1.18. Canadian Pacific Railway has a 12 month low of $150.91 and a 12 month high of $188.80.



Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 18th. The transportation company reported $2.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.54. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Canadian Pacific Railway had a net margin of 35.18% and a return on equity of 28.51%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.50 EPS. research analysts expect that Canadian Pacific Railway will post 10.34 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Financial Gravity Wealth Inc. bought a new stake in Canadian Pacific Railway during the 1st quarter worth approximately $175,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in Canadian Pacific Railway by 55.5% during the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 222,700 shares of the transportation company’s stock worth $50,597,000 after acquiring an additional 79,500 shares during the last quarter. Brookfield Asset Management Inc. grew its holdings in Canadian Pacific Railway by 29.0% during the 1st quarter. Brookfield Asset Management Inc. now owns 6,670 shares of the transportation company’s stock worth $1,175,000 after acquiring an additional 1,500 shares during the last quarter. Verition Fund Management LLC bought a new stake in Canadian Pacific Railway during the 1st quarter worth approximately $1,348,000. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Canadian Pacific Railway by 14.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 119,520 shares of the transportation company’s stock worth $21,096,000 after acquiring an additional 14,745 shares during the last quarter. 68.02% of the stock is currently 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 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.

Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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