Canadian Pacific Railway (CP) Research Coverage Started at Goldman Sachs Group

Investment analysts at Goldman Sachs Group initiated coverage on shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) in a research note issued on Monday, November 13th, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $178.00 price target on the transportation company’s stock. Goldman Sachs Group’s price objective would indicate a potential downside of 2.60% from the company’s current price.

Several other equities research analysts have also recently commented on CP. BidaskClub cut Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $184.00 target price on shares of Canadian Pacific Railway in a report on Wednesday, August 16th. Cowen increased their target price on Canadian Pacific Railway from $182.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Wolfe Research downgraded Canadian Pacific Railway from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. Finally, Loop Capital raised Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Canadian Pacific Railway presently has a consensus rating of “Buy” and an average target price of $191.19.

Canadian Pacific Railway (CP) traded down $0.16 during trading on Monday, hitting $182.76. The company had a trading volume of 132,515 shares, compared to its average volume of 392,521. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.44. Canadian Pacific Railway has a 12 month low of $141.32 and a 12 month high of $183.82. The stock has a market capitalization of $26,494.17, a PE ratio of 19.44, a PEG ratio of 1.74 and a beta of 1.20.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MML Investors Services LLC raised its stake in shares of Canadian Pacific Railway by 1.1% in the second quarter. MML Investors Services LLC now owns 2,870 shares of the transportation company’s stock worth $462,000 after buying an additional 32 shares during the period. Blair William & Co. IL raised its stake in shares of Canadian Pacific Railway by 0.6% in the second quarter. Blair William & Co. IL now owns 15,366 shares of the transportation company’s stock worth $2,471,000 after buying an additional 85 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of Canadian Pacific Railway by 0.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 13,077 shares of the transportation company’s stock worth $2,104,000 after buying an additional 100 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Canadian Pacific Railway by 0.3% in the second quarter. Canada Pension Plan Investment Board now owns 29,800 shares of the transportation company’s stock worth $4,788,000 after buying an additional 100 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Canadian Pacific Railway by 13.0% in the second quarter. Parallel Advisors LLC now owns 983 shares of the transportation company’s stock worth $154,000 after buying an additional 113 shares during the period. 67.52% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking and Market News and is the property of of American Banking and Market News. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2017/12/31/canadian-pacific-railway-cp-research-coverage-started-at-goldman-sachs-group.html.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.