Vertical Research started coverage on shares of Canadian Pacific Railway Ltd. (NYSE:CP) in a research report released on Tuesday, The Fly reports. The firm issued a buy rating on the stock.
A number of other equities analysts also recently issued reports on CP. RBC Capital Markets reiterated an outperform rating and set a $216.00 price objective (up from $203.00) on shares of Canadian Pacific Railway in a research note on Friday, July 22nd. Argus increased their price objective on shares of Canadian Pacific Railway from $155.00 to $165.00 and gave the company a buy rating in a research note on Monday, July 25th. Atlantic Securities started coverage on shares of Canadian Pacific Railway in a research note on Thursday, August 11th. They set an overweight rating on the stock. Cowen and Company dropped their price objective on shares of Canadian Pacific Railway from $168.00 to $166.00 and set an outperform rating on the stock in a research note on Wednesday, June 22nd. Finally, Royal Bank Of Canada dropped their price objective on shares of Canadian Pacific Railway from $209.00 to $203.00 and set an outperform rating on the stock in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $177.89.
Canadian Pacific Railway (NYSE:CP) opened at 152.25 on Tuesday. The stock has a market capitalization of $22.50 billion, a price-to-earnings ratio of 20.60 and a beta of 1.32. The company has a 50-day moving average of $150.95 and a 200-day moving average of $141.38. Canadian Pacific Railway has a one year low of $97.09 and a one year high of $157.34.
Canadian Pacific Railway (NYSE:CP) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $2.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.50 by $0.45. Canadian Pacific Railway had a return on equity of 32.47% and a net margin of 23.36%. The firm earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the company earned $2.45 earnings per share. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, equities analysts forecast that Canadian Pacific Railway will post $8.01 EPS for the current fiscal year.
In other news, Director Pershing Square Capital Manage sold 9,840,890 shares of Canadian Pacific Railway stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $141.68, for a total value of $1,394,257,295.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Capstone Asset Management Co. raised its stake in shares of Canadian Pacific Railway by 10.1% in the third quarter. Capstone Asset Management Co. now owns 15,382 shares of the company’s stock valued at $2,349,000 after buying an additional 1,406 shares during the period. Fox Run Management L.L.C. acquired a new position in Canadian Pacific Railway during the third quarter worth $412,000. Atria Investments LLC acquired a new position in Canadian Pacific Railway during the third quarter worth $446,000. BNP Paribas Arbitrage SA acquired a new position in Canadian Pacific Railway during the third quarter worth $221,000. Finally, Cohen & Steers Inc. raised its position in Canadian Pacific Railway by 31.6% in the second quarter. Cohen & Steers Inc. now owns 182,293 shares of the company’s stock worth $23,347,000 after buying an additional 43,731 shares during the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.
About Canadian Pacific Railway
Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.
Receive News & Ratings for Canadian Pacific Railway Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.