Analysts Set Canadian Pacific Railway Ltd (CP) PT at $234.60

Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) has received an average recommendation of “Buy” from the twenty brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $234.60.

A number of brokerages have recently issued reports on CP. ValuEngine upgraded shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Seaport Global Securities reiterated a “buy” rating on shares of Canadian Pacific Railway in a report on Thursday, January 24th. Cowen reiterated a “buy” rating and issued a $238.00 price target on shares of Canadian Pacific Railway in a report on Thursday, January 24th. Finally, Credit Suisse Group increased their price target on shares of Canadian Pacific Railway from $224.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, January 24th.

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Large investors have recently bought and sold shares of the business. CWM LLC increased its holdings in Canadian Pacific Railway by 186.2% during the 4th quarter. CWM LLC now owns 166 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 108 shares in the last quarter. Van ECK Associates Corp purchased a new position in Canadian Pacific Railway during the 4th quarter valued at about $36,000. Capital Investment Advisory Services LLC purchased a new position in Canadian Pacific Railway during the 4th quarter valued at about $40,000. Princeton Global Asset Management LLC purchased a new position in Canadian Pacific Railway during the 4th quarter valued at about $45,000. Finally, Bartlett & Co. LLC purchased a new position in Canadian Pacific Railway during the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 68.31% of the company’s stock.

Canadian Pacific Railway stock traded up $1.09 during trading hours on Friday, reaching $204.70. 457,000 shares of the stock were exchanged, compared to its average volume of 514,231. The company has a market cap of $29.25 billion, a P/E ratio of 18.61, a PEG ratio of 1.47 and a beta of 1.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.58 and a current ratio of 0.57. 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 announced its quarterly earnings data on Wednesday, January 23rd. The transportation company reported $4.55 EPS for the quarter, topping the Zacks’ consensus estimate of $3.18 by $1.37. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.93 billion. Canadian Pacific Railway had a net margin of 26.62% and a return on equity of 30.83%. Canadian Pacific Railway’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.22 EPS. As a group, equities analysts predict that Canadian Pacific Railway will post 12.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.4887 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.95 annualized dividend and a yield of 0.95%. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 17.05%.

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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