Canadian Pacific Railway Limited (NYSE:CP) Receives $88.57 Average Price Target from Brokerages

Canadian Pacific Railway Limited (NYSE:CP – Get Rating) (TSE:CP) has received an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $88.57.

A number of brokerages have weighed in on CP. Barclays upped their price objective on shares of Canadian Pacific Railway from $86.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, February 7th. StockNews.com assumed coverage on shares of Canadian Pacific Railway in a report on Thursday. They set a “hold” rating on the stock. CIBC cut their price target on shares of Canadian Pacific Railway from C$128.00 to C$125.00 in a report on Wednesday, February 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating and increased their price target for the company from $80.00 to $98.00 in a report on Monday, November 28th. Finally, Wells Fargo & Company raised their target price on shares of Canadian Pacific Railway from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, February 1st.

Hedge Funds Weigh In On Canadian Pacific Railway

Institutional investors and hedge funds have recently made changes to their positions in the business. Stonebridge Capital Advisors LLC boosted its stake in shares of Canadian Pacific Railway by 750.0% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock worth $25,000 after purchasing an additional 300 shares during the period. BDO Wealth Advisors LLC lifted its holdings in Canadian Pacific Railway by 928.6% during the 4th quarter. BDO Wealth Advisors LLC now owns 360 shares of the transportation company’s stock valued at $27,000 after buying an additional 325 shares in the last quarter. Romano Brothers AND Company bought a new stake in Canadian Pacific Railway during the 4th quarter valued at about $29,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Canadian Pacific Railway during the 3rd quarter valued at about $29,000. Finally, Hexagon Capital Partners LLC lifted its holdings in Canadian Pacific Railway by 57.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 453 shares of the transportation company’s stock valued at $30,000 after buying an additional 165 shares in the last quarter. 72.31% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Railway Price Performance

CP stock opened at $77.29 on Thursday. Canadian Pacific Railway has a 1 year low of $65.17 and a 1 year high of $84.22. The company has a market cap of $71.94 billion, a P/E ratio of 26.84, a PEG ratio of 2.36 and a beta of 1.02. The firm has a 50-day moving average of $77.58 and a 200 day moving average of $75.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50.

Canadian Pacific Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Shareholders of record on Friday, March 31st will be paid a $0.1424 dividend. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, March 30th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 19.44%.

Canadian Pacific Railway Company Profile

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Canadian Pacific Railway Ltd. operates as a holding company, which engages in the provision of rail services. It offers a suite of freight transportation services, logistics solutions and supply chain expertise. The company was founded in 1881 and is headquartered in Calgary, Canada.