Canadian Pacific Railway (NYSE:CP) (TSE:CP) was upgraded by research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, The Fly reports.
CP has been the topic of a number of other research reports. Scotiabank upgraded shares of Canadian Pacific Railway to a “buy” rating and set a $322.00 price target on the stock in a report on Monday, March 16th. CIBC boosted their target price on shares of Canadian Pacific Railway from $335.00 to $370.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Royal Bank of Canada restated a “buy” rating and issued a $361.00 target price on shares of Canadian Pacific Railway in a report on Friday, March 13th. Cowen restated an “outperform” rating and issued a $260.00 target price (down previously from $270.00) on shares of Canadian Pacific Railway in a report on Wednesday, April 22nd. Finally, ValuEngine upgraded shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $307.18.
Shares of NYSE:CP opened at $250.63 on Tuesday. The firm has a market cap of $34.31 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 2.80 and a beta of 0.95. The firm’s fifty day moving average is $244.95 and its 200-day moving average is $243.40. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.69 and a current ratio of 0.78. Canadian Pacific Railway has a 52 week low of $173.26 and a 52 week high of $275.13.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, April 21st. The transportation company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $1.56. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.96 billion. Canadian Pacific Railway had a net margin of 29.95% and a return on equity of 35.29%. Canadian Pacific Railway’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.79 earnings per share. Sell-side analysts forecast that Canadian Pacific Railway will post 12.02 EPS for the current year.
Several large investors have recently bought and sold shares of CP. Arden Trust Co bought a new stake in shares of Canadian Pacific Railway during the first quarter worth about $27,000. Sailer Financial LLC bought a new stake in shares of Canadian Pacific Railway during the fourth quarter worth about $28,000. Ameritas Investment Company LLC bought a new stake in shares of Canadian Pacific Railway during the first quarter worth about $40,000. Lindbrook Capital LLC increased its position in shares of Canadian Pacific Railway by 33.3% during the first quarter. Lindbrook Capital LLC now owns 204 shares of the transportation company’s stock worth $45,000 after acquiring an additional 51 shares in the last quarter. Finally, Firestone Capital Management bought a new stake in shares of Canadian Pacific Railway during the fourth quarter worth about $51,000. 69.36% of the stock is owned by 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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