Canadian Pacific Railway Limited (NYSE: CP) (TSE: CP) saw a sharp rise in short interest in March. As of March 31, there was short interest of 2,880,000 shares, an increase of 288.3% compared to March 15 of 741,600 shares. Approximately 2.2% of the company’s stock will be sold short. With an average trading volume of 504,900 shares, the short interest ratio is currently 5.7 days.
A number of hedge funds and other institutional investors have recently bought and sold CP shares. Huntington National Bank increased its stake in 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 bought a new position in Canadian Pacific Railway shares valued at 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 last quarter. Montag A & Associates Inc. bought a new position in Canadian Pacific Railway shares valued at approximately $ 50,000 in the fourth quarter. Finally, Simon Quick Advisors LLC bought a new stake in Canadian Pacific Railway worth approximately $ 54,000 in the fourth quarter. Hedge funds and other institutional investors own 69.29% of the company’s shares.
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Several research analysts have rated the CP share. Evercore ISI confirmed an “inline” rating on shares in the Canadian Pacific Railway in a report on Wednesday March 3rd. Vertical Research started reporting on shares in the Canadian Pacific Railway in a research note on Friday, March 26th. They made a buy recommendation for the company. The Smith Barney Citigroup raised its target price for shares of the Canadian Pacific Railway on Monday, January 11th, in a research note from USD 355.00 to USD 430.00. The Royal Bank of Canada raised its target price for shares of the Canadian Pacific Railway from USD 509.00 to USD 587.00 and rated the company as “Outperform” in a research note on Monday, March 22nd. Finally, Scotiabank raised its target price for shares in the Canadian Pacific Railway from USD 510.00 to USD 516.00 and rated the company as “Outperform” in a research note on Friday. One analyst rated the stock with a sell rating, four with a hold rating, and seventeen with a buy rating. The company has a consensus rating of “Buy” and an average price target of $ 429.57.
CP was trading at $ 6.63 on Tuesday to hit $ 371.66. 42,381 company shares were exchanged, compared to an average volume of 498,637. The company has a market cap of $ 49.54 billion, a PE ratio of 30.17, a P / E / G ratio of 2.60, and a beta of 0.93. The Canadian Pacific Railway has a twelve month low of $ 211.43 and a twelve month high of $ 390.46. The stock has a fifty-day moving average of $ 369.26 and a two-hundred-day moving average of $ 343.42. The company has a current rate of 0.60, a quick rate of 0.51, and a leverage ratio of 1.18.
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 the consensus estimate of $ 5.02 by $ 0.04. The Canadian Pacific Railway had a net margin of 29.66% and a return on equity of 32.77%. The company had revenue of $ 2.01 billion for the quarter, compared to analyst estimates of $ 2.07 billion. For the same quarter last year, the company posted earnings of $ 4.77 per share. Canadian Pacific Railway’s quarterly revenue declined 2.8% year over year. On average, analysts predict that the Canadian Pacific Railway will achieve an EPS of 13.57 this year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 26th. Shareholders of record on Friday March 26th will receive a dividend of $ 0.7436. This is an increase over the Canadian Pacific Railway’s previous quarterly dividend of $ 0.72. The ex-dividend day is Thursday, March 25th. This equates to an annualized dividend of $ 2.97 and a yield of 0.80%. The Canadian Pacific Railway’s payout ratio is 24.05%.
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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