Cowen reissued their buy rating on shares of Canadian Pacific Railway in a research note issued to investors on Thursday, April 19th. The firm currently has a $208.00 price objective on the transportation companys stock.
Several other equities research analysts have also weighed in on CP. Zacks Investment Research lowered shares of Canadian Pacific Railway from a hold rating to a sell rating in a research note on Tuesday, March 27th. Morgan Stanley dropped their price objective on shares of Canadian Pacific Railway from $248.00 to $243.00 and set an overweight rating on the stock in a research note on Friday, April 6th. Credit Suisse Group reiterated an outperform rating and set a $200.00 price objective (down previously from $209.00) on shares of Canadian Pacific Railway in a research note on Thursday, March 8th. Finally, Goldman Sachs upgraded shares of Canadian Pacific Railway from a neutral rating to a buy rating and increased their price objective for the stock from $176.72 to $213.00 in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the companys stock. The stock presently has a consensus rating of Buy and a consensus target price of $203.38.
Shares of Canadian Pacific Railway traded down $1.02, reaching $186.48, during trading on Thursday, Marketbeat.com reports. The company had a trading volume of 285,267 shares, compared to its average volume of 494,037. The firm has a market cap of $26.66 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.50 and a current ratio of 0.58. Canadian Pacific Railway has a fifty-two week low of $150.91 and a fifty-two week high of $188.80.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 18th. The transportation company reported $2.70 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $2.16 by $0.54. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.67 billion. Canadian Pacific Railway had a net margin of 35.18% and a return on equity of 28.51%. The companys revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.50 EPS. equities analysts predict that Canadian Pacific Railway will post 10.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 30th. Shareholders of record on Friday, June 29th will be given a $0.438 dividend. This represents a $1.75 annualized dividend and a yield of 0.94%. The ex-dividend date is Thursday, June 28th. Canadian Pacific Railways dividend payout ratio (DPR) is 19.93%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC bought a new position in Canadian Pacific Railway in the 1st quarter worth about $116,000. Cerebellum GP LLC bought a new position in Canadian Pacific Railway in the 4th quarter worth about $133,000. We Are One Seven LLC bought a new position in Canadian Pacific Railway in the 4th quarter worth about $156,000. SeaCrest Wealth Management LLC bought a new position in Canadian Pacific Railway in the 4th quarter worth about $180,000. Finally, Jones Collombin Investment Counsel Inc grew its position in Canadian Pacific Railway by 46.7% in the 4th quarter. Jones Collombin Investment Counsel Inc now owns 1,012 shares of the transportation companys stock worth $185,000 after purchasing an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 69.00% of the companys stock.
This article provided by NewsEdge.