Canadian Pacific Railway (CP) Rating Increased to Buy at ValuEngine

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Canadian Pacific Railway (NYSE:CP) (TSE:CP) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

CP has been the topic of several other reports. Deutsche Bank increased their target price on Canadian Pacific Railway from $245.00 to $248.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd. Raymond James reiterated a “buy” rating on shares of Canadian Pacific Railway in a research report on Monday, December 3rd. Zacks Investment Research upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating and set a $230.00 target price on the stock in a research report on Wednesday, January 30th. Seaport Global Securities reiterated a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, January 24th. Finally, Cowen reiterated a “buy” rating and set a $238.00 target price on shares of Canadian Pacific Railway in a research report on Thursday, January 24th. Two equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $233.23.

CP opened at $203.61 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.58 and a debt-to-equity ratio of 1.23. The firm has a market cap of $29.18 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.47 and a beta of 1.15. 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 data on Wednesday, January 23rd. The transportation company reported $4.55 EPS for the quarter, beating analysts’ consensus estimates of $3.18 by $1.37. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.93 billion. Canadian Pacific Railway had a return on equity of 30.83% and a net margin of 26.62%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.22 earnings per share. Equities analysts predict that Canadian Pacific Railway will post 12.65 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Canadian Pacific Railway in the 4th quarter worth about $293,901,000. Dimensional Fund Advisors LP raised its holdings in shares of Canadian Pacific Railway by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 45,666 shares of the transportation company’s stock worth $8,111,000 after purchasing an additional 2,352 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of Canadian Pacific Railway in the 4th quarter worth about $45,000. FMR LLC raised its holdings in shares of Canadian Pacific Railway by 8.6% in the 4th quarter. FMR LLC now owns 1,352,579 shares of the transportation company’s stock worth $240,001,000 after purchasing an additional 107,523 shares during the period. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in shares of Canadian Pacific Railway in the 4th quarter worth about $18,909,000. Institutional investors own 68.31% of the company’s stock.

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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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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