Canadian Pacific Railway Limited (NYSE: CP) (TSE: CP) stocks saw unusually high trading volume on Monday after Wells Fargo & Company raised its target price from $ 401.00 to $ 418.00. Wells Fargo & Company currently has an overweight rating on the stock. Approximately 39,259 shares were traded during trading, a 91% decrease from the previous session’s volume of 453,331 shares. The stock was last traded at $ 360.55 after closing at $ 358.22.
Several other equity analysts have also recently commented on CP. TD Securities raised its target price on shares in the Canadian Pacific Railway from $ 505.00 to $ 585.00 and rated the company a “Buy” 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 research report on Monday, January 11th. CIBC raised its target price for shares in the Canadian Pacific Railway from USD 490.00 to USD 560.00 and rated the shares as “Outperform” in a research note on Monday, March 22nd. Scotiabank raised its target price for the Canadian Pacific Railway from USD 480.00 to USD 510.00 and rated the company on Tuesday, March 23, in a research note as “Outperform”. Finally, Vertical Research started reporting on the Canadian Pacific Railway in a report on Friday. They rated the company as “Buy”. One investment analyst has rated the stock as sell, five have given it a hold rating, and seventeen have given the stock a buy rating. The company has an average rating of “Buy” and a consensus target of $ 421.86.
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A number of hedge funds and other institutional investors have recently changed their positions in CP. LPL Financial LLC increased its position in the Canadian Pacific Railway 38.9% in the third quarter. LPL Financial LLC now owns 9,384 shares of the transportation company valued at $ 2,857,000 after purchasing an additional 2,627 shares during the period. Fisher Asset Management LLC purchased a new position on the Canadian Pacific Railway for $ 282,000 in the third quarter. O Shaughnessy Asset Management LLC increased its stake in Canadian Pacific Railway by 26.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 760 shares in the transportation company valued at $ 231,000 after purchasing an additional 159 shares during the period. Summit X LLC acquired a new stake in Canadian Pacific Railway valued at approximately $ 122,000 in the third quarter. Finally, AXA SA increased its position in Canadian Pacific Railway stocks by 162.2% in the third quarter. AXA SA now owns 115,300 shares in the transportation company, valued at $ 35,101,000, after acquiring an additional 71,328 shares last quarter. Hedge funds and other institutional investors own 69.29% of the company’s shares.
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 50-day moving average price of $ 364.33 and a 200-day moving average price of $ 337.04. The company has a market cap of $ 48.04 billion, value for money of 28.57, a P / E of 2.60, and a beta of 0.93.
The Canadian Pacific Railway (NYSE: CP) (TSE: CP) last released its results on Tuesday, January 26th. The transportation company reported earnings of $ 5.06 per share for the quarter, beating Zacks’ consensus estimate of $ 5.02 by $ 0.04. The company had revenue of $ 2.01 billion for the quarter, compared to the consensus estimate of $ 2.07 billion. Canadian Pacific Railway achieved a return on equity of 32.77% and a net margin of 29.66%. The company’s quarterly revenue declined 2.8% year over year. For the same period last year, the company posted earnings of $ 4.77 per share. Equity analysts anticipate that Canadian Pacific Railway Limited as a group will post an EPS of 13.57 for the current fiscal year.
The company recently announced a quarterly dividend, which will be paid on Monday, April 26th. A dividend of $ 0.7436 per share will be paid to shareholders of record on Friday March 26th. The ex-dividend date of this dividend is Thursday, March 25th. This equates to an annualized dividend of $ 2.97 and a dividend yield of 0.83%. 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 (NYSE: CP)
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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