Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its price target decreased by Morgan Stanley from $248.00 to $243.00 in a report issued on Friday. Morgan Stanley currently has an overweight rating on the transportation company’s stock.
Other equities research analysts have also recently issued reports about the stock. Goldman Sachs raised shares of Canadian Pacific Railway from a neutral rating to a buy rating and raised their price target for the stock from $176.72 to $213.00 in a research note on Tuesday, February 13th. Zacks Investment Research raised shares of Canadian Pacific Railway from a sell rating to a hold rating in a research report on Thursday. Credit Suisse Group reissued an outperform rating and issued a $200.00 target price (down from $209.00) on shares of Canadian Pacific Railway in a research report on Thursday, March 8th. Finally, Cowen reissued an outperform rating and issued a $209.00 target price (up from $207.00) on shares of Canadian Pacific Railway in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $195.33.
Shares of Canadian Pacific Railway stock traded down $3.56 during mid-day trading on Friday, hitting $173.14. 431,766 shares of the stock were exchanged, compared to its average volume of 322,593. Canadian Pacific Railway has a twelve month low of $149.64 and a twelve month high of $188.80. The stock has a market capitalization of $25,437.08, a P/E ratio of 20.06, a P/E/G ratio of 1.48 and a beta of 1.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.57.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by ($0.03). Canadian Pacific Railway had a return on equity of 29.96% and a net margin of 36.88%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. analysts forecast that Canadian Pacific Railway will post 10.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be given a dividend of $0.4473 per share. This represents a $1.79 dividend on an annualized basis and a yield of 1.03%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, March 22nd. Canadian Pacific Railway’s payout ratio is 19.93%.
Hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new position in Canadian Pacific Railway during the fourth quarter valued at approximately $133,000. We Are One Seven LLC acquired a new position in Canadian Pacific Railway during the fourth quarter valued at approximately $156,000. SeaCrest Wealth Management LLC acquired a new position in Canadian Pacific Railway during the fourth quarter valued at approximately $180,000. Jones Collombin Investment Counsel Inc lifted its position in Canadian Pacific Railway by 46.7% during the fourth quarter. Jones Collombin Investment Counsel Inc now owns 1,012 shares of the transportation company’s stock valued at $185,000 after buying an additional 322 shares in the last quarter. Finally, Financial Gravity Companies Inc. acquired a new position in Canadian Pacific Railway during the fourth quarter valued at approximately $192,000. 68.72% of the stock is currently owned by hedge funds and other institutional investors.
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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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