Canadian Pacific Railway Limited (NYSE: CP) (TSE: CP) saw a sharp rise in short interest in April. As of April 15, there was short interest of 4,570,000 shares, an increase of 58.7% compared to March 31 of 2,880,000 shares. With an average daily volume of 649,400 shares, the days-to-cover ratio is currently 7.0 days. Currently, 3.4% of the company’s shares are short.
Institutional investors and hedge funds have recently added or reduced their stakes in the company. The Wealth Alliance increased its stake in the Canadian Pacific Railway by 10.7% in the third quarter. Wealth Alliance now owns 2,077 shares in the transportation company, valued at $ 632,000, after buying an additional 200 shares last quarter. Schonfeld Strategic Advisors LLC increased its stake in Canadian Pacific Railway by 17.8% in the third quarter. Schonfeld Strategic Advisors LLC now owns 7,266 shares in the transportation company valued at $ 2,210,000 after purchasing an additional 1,099 shares last quarter. Advisor Partners LLC increased its stake in Canadian Pacific Railway by 7.2% in the third quarter. Advisor Partners LLC now owns 964 shares of the transportation company valued at $ 293,000 after purchasing an additional 65 shares last quarter. Van ECK Associates Corp increased its stake in Canadian Pacific Railway by 7.8% in the third quarter. Van ECK Associates Corp now owns 13,096 shares of the transportation company valued at $ 3,983,000 after purchasing an additional 948 shares last quarter. Finally, Sei Investments Co. increased its stake in Canadian Pacific Railway by 396.0% in the third quarter. Sei Investments Co. now owns 25,472 shares in the transportation company, valued at $ 7,754,000, after purchasing an additional 20,336 shares last quarter. 69.29% of the shares are owned by hedge funds and other institutional investors.
On July 27, an unstoppable force could cause the greatest wealth disparity in history.
Several brokers have charged CP. National Bank Financial confirmed an “outperform” rating on shares of the Canadian Pacific Railway in a research report on Thursday April 22nd. Vertical Research initiated coverage of the Canadian Pacific Railway in a research report on Friday March 26th. They rated the company as “Buy”. The Royal Bank of Canada raised its target price for the Canadian Pacific Railway from USD 509.00 to USD 587.00 and rated the company as “Outperform” in a report on Monday, March 22nd. Smith Barney Citigroup raised its target price for the Canadian Pacific Railway from $ 355.00 to $ 430.00 in a report on Monday, January 11th. Finally, Desjardins raised its target price on the Canadian Pacific Railway from $ 525.00 to $ 529.00 and rated the company a “Buy” in a report on Friday, April 23rd. Three analysts have given the stock a hold rating and twenty have given the company a buy rating. The company has a consensus rating of “Buy” and a consensus target of $ 434.77.
CP shares opened at $ 373.13 on Friday. The Canadian Pacific Railway has a fifty-two week low of $ 214.54 and a fifty-two week high of $ 390.46. The company’s 50-day moving average is $ 371.71 and the two-hundred-day moving average is $ 349.15. The company has a leverage ratio of 1.18, a fast rate of 0.51, and a current rate of 0.60. The company has a market cap of $ 49.74 billion, value for money of 29.76, a P / E of 2.60, and a beta of 0.93.
The shares of the Canadian Pacific Railway will be split on the morning of May 17th. The 5: 1 split was announced on Wednesday April 21st. The newly created shares will be issued to shareholders after the stock market closes on Friday, May 14th.
The Canadian Pacific Railway (NYSE: CP) (TSE: CP) last released its results on Tuesday, April 20th. The transportation company reported earnings of $ 4.48 per share for the quarter, beating analysts’ consensus estimate of $ 3.47 by $ 1.01. The company had revenue of $ 1.96 billion for the quarter, compared to the consensus estimate of $ 1.98 billion. Canadian Pacific Railway achieved a return on equity of 32.77% and a net margin of 29.66%. Canadian Pacific Railway revenue declined 4.0% year over year. For the same quarter last year, the company posted earnings of $ 4.42 per share. Stock analysts predict that Canadian Pacific Railway will achieve earnings per share of 13.57 this year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 26th. Shareholders of record on Friday June 25th will receive a dividend of $ 0.7565 per share. The ex-dividend day is Thursday June 24th. This is a positive change from the previous Canadian Pacific Railway quarterly dividend of $ 0.74. This equates to an annual dividend of $ 3.03 and a yield of 0.81%. The Canadian Pacific Railway’s payout ratio is 24.05%.
Profile of the Canadian Pacific Railway Company
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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