Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) has received an average recommendation of “Buy” from the twenty-one research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $230.17.
Several research firms have recently commented on CP. Credit Suisse Group reduced their price objective on Canadian Pacific Railway from $243.00 to $224.00 and set an “outperform” rating for the company in a research note on Monday, January 7th. Stephens restated a “hold” rating and issued a $206.00 price objective on shares of Canadian Pacific Railway in a research note on Sunday, January 6th. BMO Capital Markets reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a report on Sunday, December 16th. Zacks Investment Research downgraded shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. Finally, Raymond James reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a report on Monday, December 3rd.
Institutional investors have recently modified their holdings of the stock. Csenge Advisory Group bought a new position in shares of Canadian Pacific Railway during the 3rd quarter valued at about $136,000. Tower Research Capital LLC TRC bought a new position in shares of Canadian Pacific Railway during the 3rd quarter valued at about $149,000. Cerebellum GP LLC bought a new position in shares of Canadian Pacific Railway during the 3rd quarter valued at about $192,000. Usca Ria LLC bought a new position in shares of Canadian Pacific Railway during the 3rd quarter valued at about $207,000. Finally, Cornerstone Capital Inc. bought a new position in shares of Canadian Pacific Railway during the 3rd quarter valued at about $212,000. 67.36% of the stock is owned by institutional investors.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Thursday, October 18th. The transportation company reported $4.12 EPS for the quarter, topping the consensus estimate of $3.16 by $0.96. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. Canadian Pacific Railway had a return on equity of 28.71% and a net margin of 34.07%. Canadian Pacific Railway’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.90 EPS. On average, equities research analysts expect that Canadian Pacific Railway will post 10.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 28th. Investors of record on Friday, December 28th will be issued a $0.489 dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $1.96 annualized dividend and a yield of 1.02%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.33. Canadian Pacific Railway’s dividend payout ratio is currently 21.75%.
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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