Other analysts have also issued research reports about the stock. Wells Fargo & Co began coverage on shares of Canadian Pacific Railway Limited in a research note on Monday, March 13th. They issued an outperform rating for the company. Stifel Nicolaus upgraded shares of Canadian Pacific Railway Limited from a hold rating to a buy rating and upped their target price for the stock from $155.00 to $166.00 in a research note on Thursday, December 15th. CLSA upgraded shares of Canadian Pacific Railway Limited from an underperform rating to an outperform rating in a research note on Tuesday, January 10th. Cowen and Company upped their target price on shares of Canadian Pacific Railway Limited from $164.00 to $173.00 and gave the stock an outperform rating in a research note on Thursday, January 19th. Finally, Zacks Investment Research upgraded shares of Canadian Pacific Railway Limited from a sell rating to a hold rating in a research note on Tuesday, March 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the company. Canadian Pacific Railway Limited has an average rating of Buy and a consensus target price of $181.72.
Shares of Canadian Pacific Railway Limited (NYSE:CP) traded down 0.05% during mid-day trading on Friday, reaching $145.53. 736,196 shares of the company’s stock traded hands. The firm has a 50-day moving average of $148.20 and a 200 day moving average of $148.26. The company has a market cap of $21.30 billion, a P/E ratio of 18.42 and a beta of 1.08. Canadian Pacific Railway Limited has a 12-month low of $119.50 and a 12-month high of $157.34.
Canadian Pacific Railway Limited (NYSE:CP) last posted its earnings results on Wednesday, January 18th. The company reported $3.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.11 by $0.07. Canadian Pacific Railway Limited had a return on equity of 32.07% and a net margin of 25.56%. The firm earned $1.64 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company earned $2.72 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. Equities analysts forecast that Canadian Pacific Railway Limited will post $8.59 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Web Breaking News and is the property of of Web Breaking News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at http://www.webbreakingnews.com/2017/03/25/canadian-pacific-railway-limited-cp-earns-buy-rating-from-loop-capital.html.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Shareholders of record on Friday, March 31st will be given a dividend of $0.3803 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 29th. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. Canadian Pacific Railway Limited’s dividend payout ratio (DPR) is currently 18.67%.
In other news, CEO E Hunter Harrison sold 178,617 shares of the stock in a transaction dated Friday, January 20th. The shares were sold at an average price of $150.81, for a total value of $26,937,229.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark Kenneth Wallace sold 8,080 shares of the stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $150.18, for a total transaction of $1,213,454.40. Following the completion of the sale, the vice president now directly owns 4,500 shares in the company, valued at $675,810. The disclosure for this sale can be found here. Insiders have sold 191,184 shares of company stock valued at $28,835,829 in the last quarter. Company insiders own 0.13% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Canadian Pacific Railway Limited during the fourth quarter worth about $238,403,000. 3G Capital Partners LP increased its stake in shares of Canadian Pacific Railway Limited by 32.6% in the fourth quarter. 3G Capital Partners LP now owns 675,990 shares of the company’s stock worth $96,511,000 after buying an additional 166,106 shares during the last quarter. Jarislowsky Fraser Ltd purchased a new stake in shares of Canadian Pacific Railway Limited during the fourth quarter worth about $1,095,000. PagnatoKarp Partners LLC purchased a new stake in shares of Canadian Pacific Railway Limited during the fourth quarter worth about $350,000. Finally, Worth Venture Partners LLC purchased a new stake in shares of Canadian Pacific Railway Limited during the fourth quarter worth about $706,000. 69.01% of the stock is currently owned by hedge funds and other institutional investors.
Canadian Pacific Railway Limited Company Profile
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 Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Limited and related companies with MarketBeat.com's FREE daily email newsletter.