Canadian Pacific Railway Ltd (NYSE:CP) Receives Consensus Rating of “Buy” from Analysts

Shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) have been assigned an average rating of “Buy” from the twenty-five analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $298.56.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price target on shares of Canadian Pacific Railway from $378.00 to $355.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Stephens raised their price target on shares of Canadian Pacific Railway from $264.00 to $271.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Raymond James reissued an “outperform” rating and set a $340.00 price target on shares of Canadian Pacific Railway in a research report on Thursday, October 24th. Credit Suisse Group raised their price target on shares of Canadian Pacific Railway from $288.00 to $293.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Benchmark initiated coverage on shares of Canadian Pacific Railway in a research report on Thursday, January 30th. They set a “buy” rating and a $295.00 price target for the company.

Shares of CP opened at $270.95 on Friday. The company has a market capitalization of $37.12 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $262.18 and a 200 day moving average of $240.83. Canadian Pacific Railway has a twelve month low of $199.33 and a twelve month high of $275.13.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $4.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.55 by $1.22. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. Canadian Pacific Railway had a net margin of 31.31% and a return on equity of 32.44%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.55 earnings per share. On average, sell-side analysts expect that Canadian Pacific Railway will post 13.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a $0.6292 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, March 26th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 20.50%.

A number of large investors have recently bought and sold shares of the business. FIL Ltd boosted its stake in shares of Canadian Pacific Railway by 20.2% during the 4th quarter. FIL Ltd now owns 5,224,595 shares of the transportation company’s stock worth $1,331,868,000 after acquiring an additional 879,056 shares during the last quarter. Veritas Asset Management LLP boosted its stake in shares of Canadian Pacific Railway by 40.4% during the 3rd quarter. Veritas Asset Management LLP now owns 2,452,400 shares of the transportation company’s stock worth $545,561,000 after acquiring an additional 706,200 shares during the last quarter. FMR LLC boosted its stake in shares of Canadian Pacific Railway by 18.4% during the 4th quarter. FMR LLC now owns 2,227,162 shares of the transportation company’s stock worth $567,755,000 after acquiring an additional 346,723 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of Canadian Pacific Railway by 6.2% during the 3rd quarter. WCM Investment Management LLC now owns 5,380,761 shares of the transportation company’s stock worth $1,197,004,000 after acquiring an additional 315,137 shares during the last quarter. Finally, Johanson Financial Advisors Inc. boosted its stake in shares of Canadian Pacific Railway by 27,186.5% during the 4th quarter. Johanson Financial Advisors Inc. now owns 252,673 shares of the transportation company’s stock worth $992,000 after acquiring an additional 251,747 shares during the last quarter. 67.80% of the stock is owned by institutional investors and hedge funds.

About Canadian Pacific Railway

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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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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