Canadian Pacific Railway (NYSE:CP) Cut to Hold at ValuEngine

Canadian Pacific Railway (NYSE:CP) (TSE:CP) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday, ValuEngine reports.

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.



Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.30 earnings per share for the quarter, beating the 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 business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company earned $3.16 earnings per share. Canadian Pacific Railway’s revenue was up 13.0% compared to the same quarter last year. On average, analysts forecast that Canadian Pacific Railway will post 12.78 earnings per share for the current fiscal year.

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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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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