Canadian Pacific Railway (NYSE: CP) (TSE: CP) was upgraded from an “equilibrium” rating to an “overweight” rating by investment analysts at Barclays in a report released Thursday, The Fly reports.
A number of other equity analysts also recently rated the CP. TD Securities raised its target price on the Canadian Pacific Railway from $ 505.00 to $ 585.00 and rated the company as a “Buy” in a research report on Monday March 22nd. Argus raised its target price on the Canadian Pacific Railway from USD 350.00 to USD 390.00 and gave the company a “Buy” research note on Thursday, February 4th. Credit Suisse Group lowered its target price for the Canadian Pacific Railway from USD 411.00 to USD 393.00 and issued a research note on Thursday, January 28, with an “Outperform” rating for the company. Evercore ISI issued a research note on Wednesday, March 3rd, confirming an “inline” rating for shares in the Canadian Pacific Railway. Finally, Raymond James raised his target price for the Canadian Pacific Railway from USD 485.00 to USD 500.00 and rated the company as “Outperform” in a research note on Monday, March 22nd. One stock research analyst has rated the stock as sell, three have given it a hold rating, and eighteen have given the stock a buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 429.57.
The shares of CP stock opened at $ 374.21 on Thursday. The Canadian Pacific Railway has a 1-year low of $ 211.43 and a 1-year high of $ 390.46. The stock’s 50-day moving average is $ 369.67 and the 200-day moving average is $ 344.17. The company has a market cap of $ 49.88 billion, a P / E of 29.84, a P / E of 2.60, and a beta of 0.93. The company has a leverage ratio of 1.18, a current rate of 0.60, and a fast rate of 0.51.
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The Canadian Pacific Railway (NYSE: CP) (TSE: CP) last released its quarterly earnings data on Tuesday, January 26th. The transportation company reported earnings of $ 5.06 per share for the quarter, beating analysts’ consensus estimate of $ 5.02 by $ 0.04. Canadian Pacific Railway achieved a return on equity of 32.77% and a net margin of 29.66%. The company had revenue of $ 2.01 billion for the quarter, compared to the consensus estimate of $ 2.07 billion. For the same quarter last year, the company posted earnings of $ 4.77 per share. The company’s quarterly sales declined 2.8% compared to the same quarter of the previous year. On average, analysts expect the Canadian Pacific Railway to achieve an EPS of 13.57 this year.
Hedge funds recently changed their positions in the stock. Huntington National Bank increased its position on the Canadian Pacific Railway 72.3% in the first quarter. Huntington National Bank now owns 81 shares in the transportation company, valued at $ 31,000, after purchasing an additional 34 shares last quarter. Perigon Wealth Management LLC acquired a new stake in Canadian Pacific Railway worth approximately $ 36,000 in the fourth quarter. Sowell Financial Services LLC increased its stake in Canadian Pacific Railway 643.8% in the fourth quarter. Sowell Financial Services LLC now owns 119 shares in the transportation company valued at $ 41,000 after purchasing an additional 103 shares during the period. Montag A & Associates Inc. acquired a new stake in Canadian Pacific Railway worth approximately $ 50,000 in the fourth quarter. Finally, Simon Quick Advisors LLC acquired a new stake in Canadian Pacific Railway worth approximately $ 54,000 in the fourth quarter. Institutional investors own 69.29% of the company’s shares.
Via the Canadian Pacific Railway
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental rail freight company in Canada and the United States. The company transports bulk goods such as grain, coal, potash, fertilizers and sulfur. and cargo freight such as energy, chemicals and plastics, metals, minerals, and consumer, automotive and forestry products.
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7 hotel stocks just waiting for the vaccine
Like any group of travel and tourism-related stocks, hotel stocks saw a sharp drop in share prices in 2020. The leisure and hospitality sector, which once employed 15 million people, has lost 4 million jobs since February.
Many large cities will feel the effects of the Covid-19 pandemic for years. However, there is ample evidence that the pandemic may be coming to an end. The number of new cases is falling. The number of people vaccinated is increasing. And even in the cities with the most restrictive mitigation measures, the slow process of reopening begins.
All of this cannot come quickly enough for people who rely on the travel and tourism industries for a living. Hotel chains had at least some revenue in the door. And when the winning season ends, the more budget-friendly hotel chains can see revenue that is 75% of the 2019 numbers. However, this is not enough to make the hotels almost full. Especially in hotels with bars and restaurants that are closed or have stayed open with limited capacity.
Many economists are optimistic that traveling could look more normal from this summer onwards. And the world economy could achieve 6.4% GDP growth this year. With that in mind, the hotel chains with the best fundamentals and the widest footprint will be in the best position to reopen the economy.
Check out the “7 Hotel Stocks Just Waiting For The Vaccine”.