Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its target price raised by Susquehanna Bancshares from $402.00 to $403.00 in a report issued on Thursday morning, Stock Target Advisor reports. The brokerage currently has a positive rating on the transportation company’s stock.
CP has been the topic of a number of other research reports. Royal Bank of Canada increased their target price on Canadian Pacific Railway from $509.00 to $587.00 and gave the company an outperform rating in a report on Monday, March 22nd. Evercore ISI reissued an in-line rating on shares of Canadian Pacific Railway in a report on Wednesday, March 3rd. Scotiabank lowered their target price on Canadian Pacific Railway from $516.00 to $480.00 and set an outperform rating on the stock in a report on Wednesday. National Bank Financial upgraded Canadian Pacific Railway from a sector perform rating to an outperform rating and upped their price target for the stock from $490.00 to $515.00 in a research report on Wednesday, March 31st. Finally, TD Securities upped their price target on Canadian Pacific Railway from $505.00 to $585.00 and gave the stock a buy rating in a research report on Monday, March 22nd. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $432.64.
Shares of NYSE:CP traded up $2.20 during midday trading on Thursday, reaching $369.76. 50,124 shares of the company’s stock traded hands, compared to its average volume of 571,815. The company has a market cap of $49.29 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 2.60 and a beta of 0.93. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.51 and a current ratio of 0.60. Canadian Pacific Railway has a one year low of $214.54 and a one year high of $390.46. The stock has a 50 day moving average of $370.34 and a 200 day moving average of $346.70.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, April 20th. The transportation company reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $1.01. Canadian Pacific Railway had a return on equity of 32.77% and a net margin of 29.66%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company posted $4.42 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Sell-side analysts predict that Canadian Pacific Railway will post 13.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 26th. Shareholders of record on Friday, June 25th will be issued a dividend of $0.7565 per share. This represents a $3.03 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, June 24th. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.74. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 24.05%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CP. Huntington National Bank grew its holdings in Canadian Pacific Railway by 72.3% during the 1st quarter. Huntington National Bank now owns 81 shares of the transportation company’s stock valued at $31,000 after buying an additional 34 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Canadian Pacific Railway in the 4th quarter valued at approximately $36,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Canadian Pacific Railway in the 1st quarter valued at approximately $37,000. Sowell Financial Services LLC lifted its stake in shares of Canadian Pacific Railway by 643.8% in the 4th quarter. Sowell Financial Services LLC now owns 119 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 103 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new stake in shares of Canadian Pacific Railway in the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 69.29% 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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