Canadian Pacific Railway (NYSE:CP) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) from a sell rating to a hold rating in a research report released on Tuesday.

Several other brokerages have also recently commented on CP. Susquehanna upped their target price on shares of Canadian Pacific Railway from $89.00 to $96.00 and gave the company a positive rating in a research report on Thursday, April 7th. Citigroup dropped their target price on shares of Canadian Pacific Railway from $84.00 to $81.00 and set a buy rating for the company in a research report on Thursday, May 19th. Bank of America cut shares of Canadian Pacific Railway from a buy rating to a neutral rating and set a $81.00 price objective for the company. in a research report on Friday, April 8th. Susquehanna Bancshares upped their price objective on shares of Canadian Pacific Railway from $89.00 to $96.00 in a research report on Thursday, April 7th. Finally, Scotiabank lowered their price objective on shares of Canadian Pacific Railway from C$106.00 to C$105.00 in a research report on Thursday, April 28th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $94.86.

CP stock opened at $68.46 on Tuesday. The company has a 50 day moving average price of $71.74 and a 200 day moving average price of $73.71. The stock has a market capitalization of $63.66 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.51 and a beta of 0.96. Canadian Pacific Railway has a fifty-two week low of $64.37 and a fifty-two week high of $84.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.44 and a quick ratio of 0.36.

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) last issued its earnings results on Wednesday, April 27th. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.07). The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. Canadian Pacific Railway had a net margin of 36.24% and a return on equity of 11.88%. The business’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, equities analysts expect that Canadian Pacific Railway will post 2.9 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 25th. Investors of record on Friday, June 24th will be paid a $0.152 dividend. The ex-dividend date of this dividend is Thursday, June 23rd. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a yield of 0.89%. Canadian Pacific Railway’s dividend payout ratio is presently 19.30%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC boosted its stake in shares of Canadian Pacific Railway by 5.9% during the 1st quarter. WCM Investment Management LLC now owns 33,849,081 shares of the transportation company’s stock worth $2,793,903,000 after buying an additional 1,895,956 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Canadian Pacific Railway by 75.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 33,543,907 shares of the transportation company’s stock worth $2,413,148,000 after buying an additional 14,404,285 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Canadian Pacific Railway by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock worth $2,496,807,000 after buying an additional 695,215 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Canadian Pacific Railway by 4.5% during the 4th quarter. Mackenzie Financial Corp now owns 19,258,574 shares of the transportation company’s stock worth $1,385,204,000 after buying an additional 833,125 shares during the last quarter. Finally, Veritas Asset Management LLP boosted its stake in shares of Canadian Pacific Railway by 11.8% during the 1st quarter. Veritas Asset Management LLP now owns 17,211,071 shares of the transportation company’s stock worth $1,420,602,000 after buying an additional 1,819,700 shares during the last quarter. 75.22% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Railway (Get Rating)

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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