Canadian Pacific Railway Limited (NYSE: CP) (TSE: CP) has an average buy recommendation from 25 research firms that currently cover the stock, Marketbeat.com reports. One stock research analyst has rated the stock with a sell rating, four with a hold rating, and seventeen with a buy rating. The average twelve-month target price among brokers who rated the stock last year is $ 434.55.
A number of brokers have recently published reports on CP. Desjardins raised its target price on shares in the Canadian Pacific Railway from $ 486.00 to $ 520.00 and rated the company a “Buy” in a report on Tuesday, March 23rd. The Smith Barney Citigroup raised its target price on shares of the Canadian Pacific Railway from USD 355.00 to USD 430.00 in a report on Monday, January 11th. The Royal Bank of Canada raised its target price on shares of the Canadian Pacific Railway from $ 509.00 to $ 587.00 and rated the company as “Outperform” in a report on Monday, March 22nd. Wells Fargo & Company raised its target price on shares in the Canadian Pacific Railway from $ 401.00 to $ 418.00 and rated the company as overweight in a report on Monday March 29th. Finally, Vertical Research began reporting on shares in the Canadian Pacific Railway in a report on Friday March 26th. They rated the company as “Buy”.
A number of hedge funds and other institutional investors have recently bought and sold shares in the stock. WCM Investment Management LLC expanded its position in the Canadian Pacific Railway by 4.0% in the fourth quarter. WCM Investment Management LLC now owns 6,363,460 shares of the transportation company valued at $ 2,222,899,000 after acquiring an additional 247,497 shares during the period. FMR LLC increased its position in the Canadian Pacific Railway by 30.2% in the fourth quarter. FMR LLC now owns 4,939,154 shares in the transportation company valued at $ 1,713,241,000 after purchasing an additional 1,145,800 shares during the period. Egerton Capital UK LLP increased its position in the Canadian Pacific Railway by 1.1% in the fourth quarter. Egerton Capital UK LLP now owns 3,198,063 shares in the transportation company valued at $ 1,108,736,000 after purchasing an additional 33,496 shares during the period. Mackenzie Financial Corp increased its position in the Canadian Pacific Railway by 15.6% in the fourth quarter. Mackenzie Financial Corp now owns 2,480,968 shares in the transportation company valued at $ 857,943,000 after purchasing an additional 335,309 shares during the period. Finally, Norges Bank acquired a new stake in the Canadian Pacific Railway for $ 581,447,000 in the fourth quarter. 69.29% of the shares are owned by institutional investors and hedge funds.
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CP opened at $ 374.21 on Thursday. The company’s 50-day moving average is $ 369.67 and the 200-day moving average is $ 344.17. The Canadian Pacific Railway has a 1-year low of $ 211.43 and a 1-year high of $ 390.46. The company has a current rate of 0.60, a quick rate of 0.51, and a leverage ratio of 1.18. 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 Canadian Pacific Railway (NYSE: CP) (TSE: CP) last released its quarterly results 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. 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 the consensus estimate of $ 2.07 billion. For the same period last year, the company had earnings per share of $ 4.77. The company’s quarterly sales were 2.8% lower than in the same quarter of the previous year. On average, stock analysts predict that the Canadian Pacific Railway will achieve an EPS of 13.57 this year.
The company recently announced a quarterly dividend, which will be paid on Monday, April 26th. A dividend of $ 0.7436 will be paid to shareholders of record on Friday March 26th. The ex-dividend day is Thursday, March 25th. This equates to an annualized dividend of $ 2.97 and a dividend yield of 0.79%. This is a positive change from the Canadian Pacific Railway’s previous quarterly dividend of $ 0.72. The Canadian Pacific Railway’s payout ratio is currently 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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