Raymond James restated their buy rating on shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) in a research note released on Monday morning.

CP has been the topic of several other research reports. Cowen reissued a buy rating and set a $236.00 target price on shares of Canadian Pacific Railway in a research note on Friday, October 19th. ValuEngine lowered Canadian Pacific Railway from a buy rating to a hold rating in a research report on Thursday, October 11th. Deutsche Bank set a $245.00 price target on Canadian Pacific Railway and gave the company a buy rating in a research report on Friday, October 5th. Citigroup reaffirmed a buy rating and issued a $260.00 price target (up previously from $242.00) on shares of Canadian Pacific Railway in a research report on Friday, October 5th. Finally, Bank of America increased their price target on Canadian Pacific Railway from $213.00 to $233.00 and gave the company a buy rating in a research report on Monday, October 1st. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $237.15.

CP opened at $196.00 on Monday. Canadian Pacific Railway has a 12-month low of $166.36 and a 12-month high of $224.19. The company has a current ratio of 0.68, a quick ratio of 0.58 and a debt-to-equity ratio of 1.10. The stock has a market cap of $28.43 billion, a P/E ratio of 22.32, a PEG ratio of 1.42 and a beta of 0.91.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Thursday, October 18th. The transportation company reported $4.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.16 by $0.96. Canadian Pacific Railway had a return on equity of 28.71% and a net margin of 34.07%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company earned $2.90 EPS. Canadian Pacific Railway’s revenue was up 19.0% on a year-over-year basis. Equities analysts forecast that Canadian Pacific Railway will post 10.82 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. WCM Investment Management CA raised its position in shares of Canadian Pacific Railway by 8.0% during the 3rd quarter. WCM Investment Management CA now owns 4,693,885 shares of the transportation company’s stock worth $994,823,000 after acquiring an additional 348,114 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Canadian Pacific Railway by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,671,523 shares of the transportation company’s stock worth $778,143,000 after acquiring an additional 96,728 shares in the last quarter. Artisan Partners Limited Partnership raised its position in shares of Canadian Pacific Railway by 1.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,327,729 shares of the transportation company’s stock worth $609,041,000 after acquiring an additional 55,083 shares in the last quarter. Egerton Capital UK LLP raised its position in shares of Canadian Pacific Railway by 24.4% during the 2nd quarter. Egerton Capital UK LLP now owns 2,792,805 shares of the transportation company’s stock worth $511,139,000 after acquiring an additional 548,467 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Canadian Pacific Railway by 4.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,678,639 shares of the transportation company’s stock worth $355,771,000 after acquiring an additional 73,098 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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