Canadian Pacific Railway Limited (NYSE:CP) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC grew its stake in shares of Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP) by 504.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,110 shares of the transportation company’s stock after acquiring an additional 15,949 shares during the quarter. Ieq Capital LLC’s holdings in Canadian Pacific Railway were worth $1,275,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its holdings in Canadian Pacific Railway by 6.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,879 shares of the transportation company’s stock worth $411,000 after buying an additional 340 shares during the period. Brown Advisory Inc. increased 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 worth $845,000 after buying an additional 465 shares during the period. LPL Financial LLC increased 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 worth $19,889,000 after buying an additional 6,747 shares during the period. FDx Advisors Inc. increased 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 worth $2,626,000 after buying an additional 794 shares during the period. Finally, Assenagon Asset Management S.A. increased 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 worth $607,000 after buying an additional 593 shares during the period. Institutional investors and hedge funds own 72.31% of the company’s stock.

Canadian Pacific Railway Trading Up 0.3 %

Shares of NYSE:CP opened at $79.94 on Wednesday. Canadian Pacific Railway Limited has a 1 year low of $65.17 and a 1 year high of $84.22. The firm has a market capitalization of $74.38 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.49. The business’s 50 day moving average price is $78.05 and its 200-day moving average price is $75.81.

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

Analyst Upgrades and Downgrades

CP has been the topic of several research reports. Citigroup cut their price target on shares of Canadian Pacific Railway from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, September 29th. Scotiabank upped their price objective on Canadian Pacific Railway from C$102.00 to C$110.00 in a research report on Tuesday. Wells Fargo & Company upped their price objective on Canadian Pacific Railway from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, October 27th. Susquehanna Bancshares lowered their price objective on Canadian Pacific Railway from $84.00 to $79.00 and set a “positive” rating on the stock in a research report on Wednesday, September 28th. Finally, CIBC upped their price objective on Canadian Pacific Railway from C$120.00 to C$130.00 in a research report on Wednesday, December 14th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.73.

About Canadian Pacific Railway

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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.

Further Reading

Institutional Ownership by Quarter for Canadian Pacific Railway (NYSE:CP)

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