Canadian Pacific Railway (CP) PT Raised to $207.00

Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its target price increased by Stifel Nicolaus from $200.00 to $207.00 in a research note issued on Thursday. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 6.17% from the stock’s current price.

A number of other analysts have also recently issued reports on CP. Zacks Investment Research cut Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Deutsche Bank cut Canadian Pacific Railway to a “buy” rating in a research report on Monday, July 9th. Seaport Global Securities reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Canadian Pacific Railway in a research report on Monday, June 25th. Loop Capital reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday. Finally, Cowen reaffirmed a “buy” rating and issued a $208.00 price objective on shares of Canadian Pacific Railway in a research report on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Canadian Pacific Railway has a consensus rating of “Buy” and an average price target of $211.45.

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Canadian Pacific Railway opened at $194.97 on Thursday, Marketbeat Ratings reports. The company has a quick ratio of 0.50, a current ratio of 0.58 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $27.39 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.61 and a beta of 1.01. Canadian Pacific Railway has a twelve month low of $150.91 and a twelve month high of $196.34.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 18th. The transportation company reported $3.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.76. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. Canadian Pacific Railway had a return on equity of 28.25% and a net margin of 33.92%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $2.77 earnings per share. research analysts predict that Canadian Pacific Railway will post 10.11 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC acquired a new stake in Canadian Pacific Railway during the 1st quarter worth approximately $116,000. We Are One Seven LLC acquired a new stake in Canadian Pacific Railway during the 4th quarter worth approximately $156,000. Financial Gravity Wealth Inc. acquired a new stake in Canadian Pacific Railway during the 1st quarter worth approximately $175,000. Credit Agricole S A acquired a new stake in Canadian Pacific Railway during the 1st quarter worth approximately $200,000. Finally, Lake Street Advisors Group LLC acquired a new stake in Canadian Pacific Railway during the 4th quarter worth approximately $203,000. 68.60% of the stock is owned by institutional investors.

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 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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