Brokerages Set Canadian Pacific Railway Ltd (NYSE:CP) Target Price at $230.60

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Shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) have been given a consensus rating of “Buy” by the twenty-three ratings firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $230.60.

Several research analysts have issued reports on the stock. Sanford C. Bernstein cut shares of Canadian Pacific Railway from an “outperform” rating to a “market perform” rating and set a $211.00 target price on the stock. in a report on Tuesday, March 12th. ValuEngine upgraded shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Desjardins cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Macquarie reiterated a “buy” rating on shares of Canadian Pacific Railway in a report on Thursday, March 28th. Finally, Deutsche Bank dropped their target price on shares of Canadian Pacific Railway from $248.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, March 18th.

Shares of NYSE CP traded up $2.38 during mid-day trading on Monday, reaching $234.32. The company had a trading volume of 412,636 shares, compared to its average volume of 462,660. The stock’s 50-day moving average price is $225.39. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.66 and a current ratio of 0.76. The firm has a market cap of $32.43 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10. Canadian Pacific Railway has a 52 week low of $167.48 and a 52 week high of $237.21.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.79 EPS for the quarter, topping the Zacks’ consensus estimate of $2.25 by $0.54. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Canadian Pacific Railway had a net margin of 27.45% and a return on equity of 30.52%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.70 earnings per share. As a group, sell-side analysts predict that Canadian Pacific Railway will post 12.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a dividend of $0.6174 per share. This represents a $2.47 annualized dividend and a dividend yield of 1.05%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, June 27th. Canadian Pacific Railway’s dividend payout ratio is presently 17.41%.

Hedge funds have recently added to or reduced their stakes in the business. Pinnacle Bank purchased a new position in shares of Canadian Pacific Railway in the 4th quarter valued at approximately $28,000. Van ECK Associates Corp purchased a new position in shares of Canadian Pacific Railway in the 4th quarter valued at approximately $36,000. Capital Investment Advisory Services LLC purchased a new position in shares of Canadian Pacific Railway in the 4th quarter valued at approximately $40,000. Princeton Global Asset Management LLC purchased a new position in shares of Canadian Pacific Railway in the 4th quarter valued at approximately $45,000. Finally, CWM LLC raised its position in shares of Canadian Pacific Railway by 68.1% in the 1st quarter. CWM LLC now owns 279 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 113 shares during the last quarter. 67.63% of the stock is owned by institutional investors and hedge funds.

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 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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