Canadian Pacific Railway Limited (CP) Receives $236.92 Consensus PT from Analysts

Shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) have been assigned a consensus recommendation of “Buy” from the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $236.92.

CP has been the topic of several recent research reports. Citigroup reaffirmed a “buy” rating and issued a $260.00 price objective (up previously from $242.00) on shares of Canadian Pacific Railway in a research note on Friday, October 5th. National Bank Financial raised shares of Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 18th. Stifel Nicolaus lifted their price objective on shares of Canadian Pacific Railway from $207.00 to $247.00 and gave the stock a “hold” rating in a research note on Sunday, October 7th. Argus lifted their price objective on shares of Canadian Pacific Railway from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, Barclays reissued a “buy” rating and issued a $235.00 target price on shares of Canadian Pacific Railway in a research report on Wednesday, September 26th.

Shares of CP opened at $202.88 on Friday. The company has a market capitalization of $27.98 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.38 and a beta of 1.07. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.58 and a current ratio of 0.68. Canadian Pacific Railway has a 12-month low of $166.36 and a 12-month high of $224.19.



Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Thursday, October 18th. The transportation company reported $4.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.16 by $0.96. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Canadian Pacific Railway had a net margin of 34.07% and a return on equity of 28.71%. The business’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS. As a group, research analysts forecast that Canadian Pacific Railway will post 10.84 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 29th. Stockholders of record on Friday, September 28th were given a $0.4999 dividend. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, September 27th. Canadian Pacific Railway’s dividend payout ratio (DPR) is 22.89%.

Several institutional investors have recently added to or reduced their stakes in CP. Egerton Capital UK LLP boosted its holdings in shares of Canadian Pacific Railway by 24.4% during the second quarter. Egerton Capital UK LLP now owns 2,792,805 shares of the transportation company’s stock worth $511,139,000 after purchasing an additional 548,467 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Canadian Pacific Railway by 79.4% during the second quarter. Toronto Dominion Bank now owns 1,034,315 shares of the transportation company’s stock worth $187,564,000 after purchasing an additional 457,885 shares during the period. Addenda Capital Inc. acquired a new stake in shares of Canadian Pacific Railway during the second quarter worth approximately $41,368,000. Fiera Capital Corp boosted its holdings in shares of Canadian Pacific Railway by 30.9% during the second quarter. Fiera Capital Corp now owns 924,876 shares of the transportation company’s stock worth $169,510,000 after purchasing an additional 218,248 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its holdings in shares of Canadian Pacific Railway by 77.3% during the second quarter. OMERS ADMINISTRATION Corp now owns 389,403 shares of the transportation company’s stock worth $71,318,000 after purchasing an additional 169,756 shares during the period. 65.41% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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