Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its price target upped by analysts at Susquehanna Bancshares from $402.00 to $403.00 in a report released on Thursday, Stock Target Advisor reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna Bancshares’ target price would indicate a potential upside of 9.17% from the company’s previous close.
Several other research analysts also recently commented on the company. Barclays raised Canadian Pacific Railway from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $390.00 to $440.00 in a report on Thursday, April 15th. National Bank Financial raised shares of Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $490.00 to $515.00 in a research report on Wednesday, March 31st. TD Securities boosted their price target on shares of Canadian Pacific Railway from $505.00 to $585.00 and gave the stock a “buy” rating in a research report on Monday, March 22nd. Wells Fargo & Company upped their price objective on shares of Canadian Pacific Railway from $401.00 to $418.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. Finally, Smith Barney Citigroup lifted their target price on shares of Canadian Pacific Railway from $355.00 to $430.00 in a research note on Monday, January 11th. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Canadian Pacific Railway has a consensus rating of “Buy” and an average price target of $426.57.
Shares of CP stock traded up $13.85 during mid-day trading on Thursday, reaching $369.15. 39,693 shares of the stock traded hands, compared to its average volume of 560,283. The stock’s fifty day simple moving average is $370.55 and its two-hundred day simple moving average is $346.44. Canadian Pacific Railway has a 1-year low of $214.54 and a 1-year high of $390.46. The company has a market cap of $49.21 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 2.60 and a beta of 0.93. The company has a quick ratio of 0.51, a current ratio of 0.60 and a debt-to-equity ratio of 1.18.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 21st. The transportation company reported $4.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $1.01. Canadian Pacific Railway had a net margin of 29.66% and a return on equity of 32.77%. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm earned $4.42 earnings per share. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Canadian Pacific Railway will post 13.57 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in CP. Fulcrum Asset Management LLP lifted its stake in shares of Canadian Pacific Railway by 48.9% in the first quarter. Fulcrum Asset Management LLP now owns 3,879 shares of the transportation company’s stock valued at $1,314,000 after buying an additional 1,274 shares in the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of Canadian Pacific Railway in the 1st quarter worth about $1,527,000. Murphy Capital Management Inc. raised its holdings in shares of Canadian Pacific Railway by 1.1% in the 1st quarter. Murphy Capital Management Inc. now owns 6,290 shares of the transportation company’s stock worth $2,385,000 after acquiring an additional 70 shares during the last quarter. Granite Investment Advisors LLC lifted its position in Canadian Pacific Railway by 26.5% in the 1st quarter. Granite Investment Advisors LLC now owns 8,532 shares of the transportation company’s stock valued at $3,236,000 after acquiring an additional 1,785 shares in the last quarter. Finally, OLD National Bancorp IN boosted its stake in Canadian Pacific Railway by 5.0% during the 1st quarter. OLD National Bancorp IN now owns 1,535 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.
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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