Goldman Sachs Group started coverage on shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) in a research report sent to investors on Wednesday morning, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued a neutral rating and a $253.00 price objective on the transportation company’s stock.

A number of other research firms have also issued reports on CP. Loop Capital lowered shares of CSX from a buy rating to a hold rating and dropped their target price for the stock from $85.00 to $81.00 in a report on Wednesday. Desjardins lowered shares of Canadian Pacific Railway from a buy rating to a hold rating in a report on Friday, April 12th. ValuEngine raised shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Friday, May 17th. Morgan Stanley reaffirmed a buy rating on shares of Canadian Pacific Railway in a report on Thursday, April 4th. Finally, Deutsche Bank lowered shares of CROWN CASTLE IN/SH SH from a buy rating to a hold rating and set a $121.00 target price for the company. in a report on Monday, March 18th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $234.41.

Canadian Pacific Railway stock opened at $239.10 on Wednesday. Canadian Pacific Railway has a 52-week low of $167.48 and a 52-week high of $241.20. The stock has a market capitalization of $33.44 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09. The business’s fifty day simple moving average is $232.58. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.66.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.25 by $0.54. Canadian Pacific Railway had a net margin of 27.45% and a return on equity of 30.52%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the prior year, the firm earned $2.70 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts expect that Canadian Pacific Railway will post 12.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a $0.6174 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.49. Canadian Pacific Railway’s dividend payout ratio is currently 22.68%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in Canadian Pacific Railway by 4.7% during the first quarter. Parallel Advisors LLC now owns 1,208 shares of the transportation company’s stock worth $249,000 after buying an additional 54 shares during the period. Cornerstone Advisors Inc. boosted its stake in Canadian Pacific Railway by 4.1% during the first quarter. Cornerstone Advisors Inc. now owns 1,427 shares of the transportation company’s stock worth $294,000 after buying an additional 56 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Canadian Pacific Railway by 1.8% during the first quarter. Oppenheimer & Co. Inc. now owns 3,209 shares of the transportation company’s stock worth $661,000 after buying an additional 58 shares during the period. 10 15 Associates Inc. boosted its stake in Canadian Pacific Railway by 0.9% during the fourth quarter. 10 15 Associates Inc. now owns 9,664 shares of the transportation company’s stock worth $1,717,000 after buying an additional 90 shares during the period. Finally, Capital Insight Partners LLC boosted its stake in Canadian Pacific Railway by 2.6% during the second quarter. Capital Insight Partners LLC now owns 3,752 shares of the transportation company’s stock worth $883,000 after buying an additional 96 shares during the period. 67.63% of the stock is owned by hedge funds and other 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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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