Brokerages Set Canadian Pacific Railway Limited (NYSE:CP) Target Price at $90.07

Shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) have earned an average recommendation of “Buy” from the twenty-four ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $90.07.

Several analysts recently commented on CP shares. Wells Fargo & Company increased their target price on shares of Canadian Pacific Railway from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, July 9th. Zacks Investment Research downgraded shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $85.00 price target for the company. in a research report on Thursday, June 3rd. National Bank Financial cut shares of Canadian Pacific Railway from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, May 18th. Cowen reduced their price objective on Canadian Pacific Railway from $108.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, July 29th. Finally, Desjardins lowered their price target on shares of Canadian Pacific Railway to C$106.00 and set a “buy” rating on the stock in a report on Wednesday, May 26th.

Shares of CP stock opened at $68.14 on Friday. The firm has a market cap of $45.44 billion, a P/E ratio of 17.96, a P/E/G ratio of 2.28 and a beta of 0.85. The firm has a fifty day moving average of $72.16 and a two-hundred day moving average of $74.98. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.63. Canadian Pacific Railway has a 1-year low of $58.17 and a 1-year high of $83.07.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, July 28th. The transportation company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.17. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.69 billion. Canadian Pacific Railway had a net margin of 41.46% and a return on equity of 32.10%. On average, sell-side analysts expect that Canadian Pacific Railway will post 3.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 25th. Stockholders of record on Friday, September 24th will be paid a $0.1512 dividend. The ex-dividend date is Thursday, September 23rd. This represents a $0.60 annualized dividend and a dividend yield of 0.89%. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 23.86%.

Large investors have recently made changes to their positions in the business. Glassman Wealth Services grew its holdings in Canadian Pacific Railway by 403.1% during the 2nd quarter. Glassman Wealth Services now owns 327 shares of the transportation company’s stock worth $25,000 after acquiring an additional 262 shares during the period. Newbridge Financial Services Group Inc. boosted its position in shares of Canadian Pacific Railway by 401.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 326 shares of the transportation company’s stock worth $25,000 after purchasing an additional 261 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Canadian Pacific Railway during the second quarter worth $26,000. CX Institutional increased its holdings in Canadian Pacific Railway by 400.0% in the second quarter. CX Institutional now owns 360 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 288 shares during the last quarter. Finally, Cordasco Financial Network acquired a new position in Canadian Pacific Railway in the second quarter valued at about $29,000. 69.45% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Ltd. operates as a holding company, which engages in the provision of rail service. 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.

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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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