Canadian Pacific Railway (NYSE:CP) Rating Lowered to Outperform at Raymond James

Raymond James downgraded shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) from a strong-buy rating to an outperform rating in a report issued on Monday morning, Briefing.com Automated Import reports. Raymond James also issued estimates for Canadian Pacific Railway’s Q2 2019 earnings at $3.23 EPS, Q3 2019 earnings at $3.61 EPS, Q4 2019 earnings at $3.84 EPS, FY2019 earnings at $12.84 EPS, FY2019 earnings at $12.87 EPS and FY2020 earnings at $12.00 EPS.

A number of other research firms have also issued reports on CP. Morgan Stanley restated a buy rating on shares of Canadian Pacific Railway in a research report on Thursday, April 4th. Wolfe Research upgraded shares of Covenant Transportation Group from an underperform rating to a peer perform rating in a research report on Friday, June 28th. Deutsche Bank downgraded shares of CROWN CASTLE IN/SH SH from a buy rating to a hold rating and set a $121.00 price objective for the company. in a research report on Monday, March 18th. They noted that the move was a valuation call. National Bank Financial restated a sector perform spec overwgt rating on shares of Almaden Minerals in a research report on Thursday, June 27th. Finally, Goldman Sachs Group downgraded shares of EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research report on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Canadian Pacific Railway has a consensus rating of Buy and a consensus price target of $242.62.

NYSE CP opened at $241.72 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.66 and a current ratio of 0.67. Canadian Pacific Railway has a 52-week low of $167.48 and a 52-week high of $247.52. The business’s 50-day moving average is $234.58. The stock has a market capitalization of $34.19 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.69 and a beta of 1.09.



Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.19 by $1.11. Canadian Pacific Railway had a return on equity of 32.03% and a net margin of 30.40%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company posted $3.16 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Canadian Pacific Railway will post 12.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a $0.634 dividend. The ex-dividend date is Thursday, September 26th. This represents a $2.54 dividend on an annualized basis and a yield of 1.05%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.62. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 22.68%.

A number of large investors have recently made changes to their positions in CP. Pinnacle Bank acquired a new stake in shares of Canadian Pacific Railway during the 4th quarter valued at approximately $28,000. Van ECK Associates Corp acquired a new stake in shares of Canadian Pacific Railway during the 4th quarter valued at approximately $36,000. Princeton Global Asset Management LLC acquired a new stake in shares of Canadian Pacific Railway during the 4th quarter valued at approximately $45,000. CWM LLC lifted its position in shares of Canadian Pacific Railway by 68.1% during the 1st quarter. CWM LLC now owns 279 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 113 shares during the period. Finally, Harvest Group Wealth Management LLC acquired a new stake in shares of Canadian Pacific Railway during the 1st quarter valued at approximately $87,000. Hedge funds and other institutional investors own 67.63% 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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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