Canadian Pacific Railway Ltd. (CP) Receives Consensus Recommendation of “Buy” from Analysts
Canadian Pacific Railway Ltd. (NYSE:CP) has been given a consensus recommendation of “Buy” by the thirty-one research firms that are currently covering the company. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, nineteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $180.58.
Several analysts have issued reports on CP shares. Citigroup Inc. upped their price target on shares of Canadian Pacific Railway from $154.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Vertical Research started coverage on shares of Canadian Pacific Railway in a research report on Tuesday. They set a “buy” rating on the stock. Barclays PLC upped their price target on shares of Canadian Pacific Railway from $165.00 to $172.00 and gave the stock an “overweight” rating in a research report on Monday, September 12th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $172.00 price target on shares of Canadian Pacific Railway in a research report on Tuesday, September 13th. Finally, Loop Capital reissued a “hold” rating on shares of Canadian Pacific Railway in a research report on Friday, September 9th.
In other news, Director Pershing Square Capital Manage sold 9,840,890 shares of Canadian Pacific Railway 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.
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Hedge funds have recently added to or reduced their stakes in the stock. Capital Fund Management S.A. raised its stake in Canadian Pacific Railway by 217.4% in the second quarter. Capital Fund Management S.A. now owns 324,039 shares of the company’s stock valued at $41,733,000 after buying an additional 221,961 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Canadian Pacific Railway by 529.4% in the first quarter. Canada Pension Plan Investment Board now owns 21,462 shares of the company’s stock valued at $2,863,000 after buying an additional 18,052 shares during the last quarter. Legal & General Group Plc increased its stake in Canadian Pacific Railway by 1.6% in the first quarter. Legal & General Group Plc now owns 566,482 shares of the company’s stock valued at $75,567,000 after buying an additional 8,753 shares during the last quarter. Seven Eight Capital LLC acquired a new stake in Canadian Pacific Railway during the first quarter valued at about $345,000. Finally, Creative Planning increased its stake in Canadian Pacific Railway by 0.3% in the second quarter. Creative Planning now owns 32,207 shares of the company’s stock valued at $4,148,000 after buying an additional 89 shares during the last quarter. Institutional investors own 68.21% of the company’s stock.
Canadian Pacific Railway (NYSE:CP) traded down 0.51% on Thursday, hitting $150.56. 225,714 shares of the stock were exchanged. The stock has a market capitalization of $22.25 billion, a P/E ratio of 20.37 and a beta of 1.32. Canadian Pacific Railway has a one year low of $97.09 and a one year high of $157.34. The company has a 50 day moving average of $150.95 and a 200 day moving average of $141.30.
Canadian Pacific Railway (NYSE:CP) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $2.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.50 by $0.45. Canadian Pacific Railway had a return on equity of 32.47% and a net margin of 23.36%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company posted $2.45 earnings per share. The business’s revenue was down 12.2% compared to the same quarter last year. On average, equities research analysts forecast that Canadian Pacific Railway will post $8.01 earnings per share for the current fiscal year.
Canadian Pacific Railway Company Profile
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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