Canadian Pacific Railway Limited (NYSE:CP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $89.73.

A number of equities research analysts recently commented on CP shares. Barclays raised their price objective on shares of Canadian Pacific Railway from $81.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, January 11th. Stifel Nicolaus reduced their price objective on shares of Canadian Pacific Railway from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, October 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $98.00 in a report on Monday, November 28th. National Bank Financial increased their price objective on shares of Canadian Pacific Railway from C$105.00 to C$106.00 in a research report on Friday, December 16th. Finally, Atb Cap Markets reaffirmed an “outperform” rating on shares of Canadian Pacific Railway in a report on Tuesday, December 20th.

Institutional Trading of Canadian Pacific Railway

Several hedge funds have recently bought and sold shares of CP. Cetera Investment Advisers increased its position in shares of Canadian Pacific Railway by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock valued at $1,389,000 after purchasing an additional 559 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Canadian Pacific Railway by 69.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock worth $457,000 after acquiring an additional 2,263 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Canadian Pacific Railway by 2.4% during the first quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock worth $2,496,807,000 after purchasing an additional 695,215 shares in the last quarter. Baird Financial Group Inc. increased its position in Canadian Pacific Railway by 5.1% during the 1st quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after buying an additional 2,417 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Canadian Pacific Railway by 116.4% in the first quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock worth $1,178,000 after acquiring an additional 7,678 shares in the last quarter. Institutional investors own 72.31% of the company’s stock.

Canadian Pacific Railway Stock Up 0.3 %

CP stock opened at $79.94 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $78.05 and its 200 day simple moving average is $75.81. Canadian Pacific Railway has a twelve month low of $65.17 and a twelve month high of $84.22. The company has a market cap of $74.38 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01.

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) last released its quarterly earnings results on Wednesday, October 26th. The transportation company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Canadian Pacific Railway had a return on equity of 8.77% and a net margin of 33.05%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.69 billion. On average, research analysts anticipate that Canadian Pacific Railway will post 2.75 earnings per share for the current year.

About Canadian Pacific Railway

(Get Rating)

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.

Further Reading

Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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