Canadian Pacific Railway Ltd. (CP) Coverage Initiated by Analysts at Vertical Research
Stock analysts at Vertical Research started coverage on shares of Canadian Pacific Railway Ltd. (NYSE:CP) in a note issued to investors on Tuesday, The Fly reports. The firm set a “buy” rating on the stock.
Several other brokerages also recently issued reports on CP. Buckingham Research reiterated a “buy” rating and issued a $157.00 target price (down previously from $165.00) on shares of Canadian Pacific Railway in a research note on Friday, July 1st. Royal Bank Of Canada dropped their target price on shares of Canadian Pacific Railway from $209.00 to $203.00 and set an “outperform” rating on the stock in a research note on Thursday, June 23rd. Cowen and Company dropped their target price on shares of Canadian Pacific Railway from $168.00 to $166.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 22nd. Barclays PLC upped their target price on shares of Canadian Pacific Railway from $165.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, September 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $200.00 target price on shares of Canadian Pacific Railway in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $177.89.
Canadian Pacific Railway (NYSE:CP) traded down 0.05% on Tuesday, reaching $153.10. 139,171 shares of the company were exchanged. Canadian Pacific Railway has a 12-month low of $97.09 and a 12-month high of $157.34. The firm has a 50-day moving average of $151.01 and a 200 day moving average of $141.15. The firm has a market capitalization of $22.62 billion, a P/E ratio of 20.71 and a beta of 1.32.
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Canadian Pacific Railway (NYSE:CP) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $2.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.50 by $0.45. The business earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Canadian Pacific Railway had a return on equity of 32.47% and a net margin of 23.36%. Canadian Pacific Railway’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.45 EPS. On average, equities analysts predict that Canadian Pacific Railway will post $8.01 earnings per share for the current year.
In other news, Director Pershing Square Capital Manage sold 9,840,890 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $141.68, for a total value of $1,394,257,295.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in Canadian Pacific Railway during the second quarter valued at $105,000. Zions Bancorporation boosted its position in Canadian Pacific Railway by 83.0% in the first quarter. Zions Bancorporation now owns 1,054 shares of the company’s stock valued at $142,000 after buying an additional 478 shares during the last quarter. Fifth Third Bancorp boosted its position in Canadian Pacific Railway by 5.2% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the company’s stock valued at $176,000 after buying an additional 68 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in Canadian Pacific Railway during the first quarter valued at $179,000. Finally, IFP Advisors Inc boosted its position in Canadian Pacific Railway by 28.9% in the first quarter. IFP Advisors Inc now owns 1,360 shares of the company’s stock valued at $180,000 after buying an additional 305 shares during the last quarter. 68.21% of the stock is owned by institutional investors.
About Canadian Pacific Railway
Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.
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