Canadian Pacific Railway Ltd. (CP) Downgraded by Raymond James Financial Inc. to “Outperform”
Canadian Pacific Railway Ltd. (NYSE:CP) was downgraded by stock analysts at Raymond James Financial Inc. from a “strong-buy” rating to an “outperform” rating in a research note issued on Monday.
A number of other research analysts also recently issued reports on CP. Cowen and Company decreased their price target on Canadian Pacific Railway from $168.00 to $166.00 and set an “outperform” rating for the company in a report on Wednesday, June 22nd. Desjardins raised Canadian Pacific Railway from a “hold” rating to a “buy” rating and decreased their price target for the company from $204.00 to $195.00 in a report on Wednesday, June 22nd. TD Securities reissued a “hold” rating and issued a $185.00 price target (down from $195.00) on shares of Canadian Pacific Railway in a report on Wednesday, June 22nd. Royal Bank Of Canada decreased their price target on Canadian Pacific Railway from $209.00 to $203.00 and set an “outperform” rating for the company in a report on Thursday, June 23rd. Finally, Argus began coverage on Canadian Pacific Railway in a report on Thursday, June 30th. They issued a “buy” rating and a $155.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $177.89.
Canadian Pacific Railway (NYSE:CP) traded down 0.38% during midday trading on Monday, hitting $150.13. 213,918 shares of the stock traded hands. Canadian Pacific Railway has a 12 month low of $97.09 and a 12 month high of $157.34. The stock has a market cap of $22.18 billion, a PE ratio of 20.31 and a beta of 1.32. The company has a 50-day moving average of $150.91 and a 200-day moving average of $141.54.
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Canadian Pacific Railway (NYSE:CP) last released its earnings results on Wednesday, July 20th. The company reported $2.05 EPS for the quarter, missing the Zacks’ 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 analyst estimates of $1.57 billion. During the same period last year, the firm earned $2.45 EPS. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that Canadian Pacific Railway will post $8.01 earnings per share for the current year.
In related news, Director Pershing Square Capital Manage sold 9,840,890 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $141.68, for a total transaction of $1,394,257,295.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.
Large investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Canadian Pacific Railway during the second quarter valued at $105,000. Zions Bancorporation increased its stake in shares of 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 period. Fifth Third Bancorp increased its stake in shares of 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 period. Barnett & Company Inc. bought a new stake in shares of Canadian Pacific Railway during the first quarter valued at $186,000. Finally, Park National Corp OH increased its stake in shares of Canadian Pacific Railway by 3.1% in the second quarter. Park National Corp OH now owns 1,664 shares of the company’s stock valued at $214,000 after buying an additional 50 shares during the period. Institutional investors own 68.20% of the company’s stock.
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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