Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) posted its quarterly earnings data on Tuesday, October 17th. The transportation company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.59, Briefing.com reports. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. Canadian Pacific Railway Limited had a return on equity of 31.91% and a net margin of 27.92%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the company earned $2.73 EPS.
Canadian Pacific Railway Limited (CP) traded down 0.07% during trading on Friday, reaching $174.20. The company had a trading volume of 37,031 shares. Canadian Pacific Railway Limited has a 1-year low of $139.29 and a 1-year high of $179.17. The stock has a market capitalization of $25.35 billion, a price-to-earnings ratio of 17.20 and a beta of 1.11. The firm has a 50-day moving average of $166.68 and a 200-day moving average of $159.04.
CP has been the subject of a number of research analyst reports. BidaskClub raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus raised their price target on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research note on Wednesday, July 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $183.00 target price (up from $178.00) on shares of Canadian Pacific Railway Limited in a research report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Railway Limited in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and an average price target of $190.86.
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Canadian Pacific Railway Limited Company Profile
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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