Other equities analysts have also issued reports about the company. Wolfe Research raised Covenant Transportation Group from an “underperform” rating to a “peer perform” rating in a report on Friday, June 28th. TheStreet raised Silvercorp Metals from a “c+” rating to a “b-” rating in a report on Tuesday. Raymond James lowered RioCan Real Estate Investment Trust to a “hold” rating in a report on Monday. Deutsche Bank increased their price objective on Canadian Pacific Railway from $230.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Credit Suisse Group set a GBX 3,090 ($40.38) price objective on Royal Dutch Shell and gave the company a “buy” rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $242.62.
NYSE CP traded down $3.90 on Friday, hitting $237.82. 632,300 shares of the stock traded hands, compared to its average volume of 459,967. The stock’s fifty day simple moving average is $234.92. Canadian Pacific Railway has a 12 month low of $167.48 and a 12 month high of $247.52. The company has a market cap of $33.80 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.67 and a quick ratio of 0.66.
Several institutional investors have recently bought and sold shares of CP. Norges Bank bought a new position in shares of Canadian Pacific Railway in the fourth quarter worth $293,901,000. FIL Ltd boosted its stake in Canadian Pacific Railway by 13.6% during the first quarter. FIL Ltd now owns 4,056,828 shares of the transportation company’s stock valued at $835,864,000 after buying an additional 485,524 shares during the period. William Blair Investment Management LLC bought a new stake in Canadian Pacific Railway during the first quarter valued at $88,413,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Canadian Pacific Railway during the first quarter valued at $102,483,000. Finally, Millennium Management LLC boosted its stake in Canadian Pacific Railway by 534.1% during the fourth quarter. Millennium Management LLC now owns 376,884 shares of the transportation company’s stock valued at $66,942,000 after buying an additional 317,444 shares during the period. 67.63% of the stock is owned by hedge funds and other institutional investors.
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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