Canadian Pacific Railway Limited (CP) Earns “Buy” Rating from Loop Capital

Loop Capital restated their buy rating on shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) in a report released on Saturday morning.

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.

Analyst Recommendations for Canadian Pacific Railway Limited (NYSE:CP)

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.

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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.

5 Day Chart for NYSE:CP

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