Canadian Pacific Railway (NYSE:CP) (TSE:CP) released its quarterly earnings data on Wednesday. The transportation company reported $4.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.41 by $1.20, Briefing.com reports. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Canadian Pacific Railway had a return on equity of 32.03% and a net margin of 30.40%. Canadian Pacific Railway’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.12 earnings per share.
Shares of Canadian Pacific Railway stock traded up $9.09 during trading hours on Thursday, reaching $228.58. The stock had a trading volume of 409,109 shares, compared to its average volume of 419,240. The firm has a 50 day simple moving average of $223.76 and a two-hundred day simple moving average of $228.23. The firm has a market capitalization of $30.56 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.63 and a beta of 1.10. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 1.15. Canadian Pacific Railway has a 1 year low of $167.48 and a 1 year high of $247.52.
CP has been the topic of several research reports. CIBC reissued a “buy” rating and issued a $325.00 target price on shares of Canadian Pacific Railway in a report on Thursday. Loop Capital raised Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Thursday. Goldman Sachs Group initiated coverage on Canadian Pacific Railway in a report on Wednesday, July 10th. They issued a “neutral” rating and a $253.00 target price on the stock. TheStreet lowered Canadian Pacific Railway from a “b+” rating to a “c” rating in a report on Tuesday, July 16th. Finally, Deutsche Bank upped their target price on Canadian Pacific Railway from $230.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $261.64.
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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