Canadian Pacific Railway (NYSE:CP) PT Raised to $430.00 at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell

Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its price objective boosted by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $355.00 to $430.00 in a research report sent to investors on Monday, Stock Target Advisor reports.

Several other analysts have also recently weighed in on CP. Credit Suisse Group lifted their price target on shares of Canadian Pacific Railway from $336.00 to $353.00 and gave the company an outperform rating in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Canadian Pacific Railway from $319.00 to $367.00 and gave the company a buy rating in a report on Thursday, October 22nd. Scotiabank lifted their price target on shares of Canadian Pacific Railway from $395.00 to $450.00 in a report on Friday, October 9th. Zacks Investment Research cut shares of Canadian Pacific Railway from a buy rating to a hold rating and set a $314.00 price target on the stock. in a report on Tuesday, September 22nd. Finally, Barclays lifted their price target on shares of Canadian Pacific Railway from $415.00 to $420.00 and gave the company an equal weight rating in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $372.62.

Canadian Pacific Railway stock opened at $363.43 on Monday. Canadian Pacific Railway has a 52 week low of $173.26 and a 52 week high of $379.00. The business has a 50-day simple moving average of $343.01 and a 200 day simple moving average of $307.99. The company has a quick ratio of 0.51, a current ratio of 0.60 and a debt-to-equity ratio of 1.18. The stock has a market cap of $48.81 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 2.74 and a beta of 0.93.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, October 20th. The transportation company reported $4.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.23 by ($0.11). Canadian Pacific Railway had a return on equity of 32.77% and a net margin of 29.66%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the firm earned $4.61 earnings per share. Canadian Pacific Railway’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, research analysts anticipate that Canadian Pacific Railway will post 13.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 25th. Investors of record on Thursday, December 31st will be paid a $0.7202 dividend. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.71. The ex-dividend date is Wednesday, December 30th. This represents a $2.88 dividend on an annualized basis and a yield of 0.79%. Canadian Pacific Railway’s payout ratio is presently 24.05%.

A number of institutional investors have recently made changes to their positions in the stock. Prospera Financial Services Inc acquired a new stake in Canadian Pacific Railway during the 3rd quarter worth about $32,000. Mirova acquired a new stake in Canadian Pacific Railway in the third quarter worth approximately $33,000. Sowell Financial Services LLC lifted its position in Canadian Pacific Railway by 643.8% in the fourth quarter. Sowell Financial Services LLC now owns 119 shares of the transportation company’s stock worth $41,000 after purchasing an additional 103 shares during the period. Biltmore Capital Advisors LLC acquired a new stake in Canadian Pacific Railway in the third quarter worth approximately $78,000. Finally, Trust Co. of Vermont lifted its position in Canadian Pacific Railway by 42.6% in the third quarter. Trust Co. of Vermont now owns 335 shares of the transportation company’s stock worth $102,000 after purchasing an additional 100 shares during the period. Institutional investors own 69.29% 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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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