Canadian Pacific Railway (NYSE:CP) Price Target Raised to C$110.00 at Scotiabank

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) had its price objective lifted by Scotiabank from C$102.00 to C$110.00 in a report released on Tuesday, The Fly reports.

Several other research firms also recently commented on CP. Credit Suisse Group decreased their price objective on shares of Canadian Pacific Railway from $88.00 to $78.00 in a report on Tuesday, October 11th. CIBC upped their price objective on shares of Canadian Pacific Railway from C$120.00 to C$130.00 in a report on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Canadian Pacific Railway from a hold rating to a buy rating and upped their price objective for the company from $80.00 to $98.00 in a report on Monday, November 28th. Atb Cap Markets restated an outperform rating on shares of Canadian Pacific Railway in a research note on Tuesday, December 20th. Finally, Stephens upped their price target on shares of Canadian Pacific Railway from $73.00 to $76.00 and gave the company an equal weight rating in a research note on Thursday, October 27th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $89.73.

Canadian Pacific Railway Price Performance

Shares of CP opened at $79.94 on Tuesday. The company has a market cap of $74.38 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.35 and a beta of 1.01. Canadian Pacific Railway has a 1-year low of $65.17 and a 1-year high of $84.22. The company’s fifty day simple moving average is $78.05 and its 200 day simple moving average is $75.81. The company has a current ratio of 0.58, a quick ratio of 0.49 and a debt-to-equity ratio of 0.51.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of Canadian Pacific Railway by 6.1% in the second quarter. Sequoia Financial Advisors LLC now owns 5,879 shares of the transportation company’s stock worth $411,000 after acquiring an additional 340 shares during the last quarter. Brown Advisory Inc. raised its holdings in Canadian Pacific Railway by 4.0% in the 2nd quarter. Brown Advisory Inc. now owns 12,100 shares of the transportation company’s stock valued at $845,000 after buying an additional 465 shares during the last quarter. LPL Financial LLC raised its holdings in Canadian Pacific Railway by 2.4% in the 2nd quarter. LPL Financial LLC now owns 284,786 shares of the transportation company’s stock valued at $19,889,000 after buying an additional 6,747 shares during the last quarter. FDx Advisors Inc. raised its holdings in Canadian Pacific Railway by 2.2% in the 2nd quarter. FDx Advisors Inc. now owns 37,600 shares of the transportation company’s stock valued at $2,626,000 after buying an additional 794 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Canadian Pacific Railway by 7.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,704 shares of the transportation company’s stock valued at $607,000 after buying an additional 593 shares during the last quarter. Institutional investors own 72.31% of the company’s stock.

Canadian Pacific Railway Company Profile

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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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