Seaport Global Securities reiterated their buy rating on shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) in a report issued on Thursday, January 24th. Seaport Global Securities also issued estimates for Canadian Pacific Railway’s Q1 2019 earnings at $2.54 EPS, Q2 2019 earnings at $2.84 EPS, Q3 2019 earnings at $3.26 EPS, Q4 2019 earnings at $3.55 EPS and FY2021 earnings at $15.23 EPS.
A number of other research analysts also recently weighed in on CP. Barclays reiterated a buy rating and issued a $235.00 price objective on shares of Canadian Pacific Railway in a research report on Wednesday, September 26th. Bank of America upped their price target on shares of Canadian Pacific Railway from $213.00 to $233.00 and gave the stock a buy rating in a research report on Monday, October 1st. Royal Bank of Canada restated an outperform rating on shares of Canadian Pacific Railway in a research report on Friday, October 5th. Citigroup reiterated a buy rating and issued a $260.00 price objective (up previously from $242.00) on shares of Canadian Pacific Railway in a report on Friday, October 5th. Finally, TD Securities upgraded shares of Canadian Pacific Railway from a hold rating to a buy rating in a report on Friday, October 5th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $233.23.
NYSE CP traded up $2.36 on Thursday, hitting $204.36. The stock had a trading volume of 312,620 shares, compared to its average volume of 565,069. The firm has a market capitalization of $28.73 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.40 and a beta of 1.15. The company has a current ratio of 0.68, a quick ratio of 0.58 and a debt-to-equity ratio of 1.10. Canadian Pacific Railway has a 52-week low of $167.48 and a 52-week high of $224.19.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 23rd. The transportation company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.18 by $1.37. Canadian Pacific Railway had a net margin of 26.62% and a return on equity of 30.69%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the company earned $3.22 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. As a group, sell-side analysts predict that Canadian Pacific Railway will post 12.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 29th will be given a $0.4887 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.95 annualized dividend and a yield of 0.96%. Canadian Pacific Railway’s dividend payout ratio is presently 17.05%.
A number of hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new stake in Canadian Pacific Railway during the 3rd quarter worth $3,170,000. Dimensional Fund Advisors LP raised its stake in Canadian Pacific Railway by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 43,314 shares of the transportation company’s stock worth $9,180,000 after acquiring an additional 886 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in Canadian Pacific Railway by 0.5% during the 3rd quarter. Gateway Investment Advisers LLC now owns 75,264 shares of the transportation company’s stock worth $15,951,000 after acquiring an additional 342 shares in the last quarter. FMR LLC raised its stake in Canadian Pacific Railway by 1.5% during the 3rd quarter. FMR LLC now owns 1,245,056 shares of the transportation company’s stock worth $263,373,000 after acquiring an additional 18,445 shares in the last quarter. Finally, Cerebellum GP LLC raised its stake in Canadian Pacific Railway by 61.9% during the 4th quarter. Cerebellum GP LLC now owns 1,468 shares of the transportation company’s stock worth $261,000 after acquiring an additional 561 shares in the last quarter. 68.34% of the stock is owned by institutional investors.
About Canadian Pacific Railway
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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.
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