Zacks Investment Research upgraded shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) from a sell rating to a hold rating in a research report report published on Thursday.
According to Zacks, “Shares of Canadian Pacific have outperformed its industry over the past year. The increase in overall freight revenues at the company is encouraging. The company's investments for enhancing productivity and safety are also encouraging. We are also impressed with the company’s efforts to reward investors through share buybacks and dividend payments. Moreover, the company's commentary about its increasing network fluidity is encouraging. We are, however, concerned about declining revenues in segments like – Grain, Automotive and Sulphur and Fertilizer. Moreover, high costs may hurt the company's first-quarter results. Detailed results should be out on Apr 18. “
Other equities analysts have also issued research reports about the stock. Goldman Sachs upgraded shares of Canadian Pacific Railway from a neutral rating to a buy rating and upped their price objective for the company from $176.72 to $213.00 in a report on Tuesday, February 13th. Credit Suisse Group reiterated an outperform rating and set a $200.00 price objective (down previously from $209.00) on shares of Canadian Pacific Railway in a report on Thursday, March 8th. Finally, Cowen reiterated an outperform rating and set a $209.00 price objective (up previously from $207.00) on shares of Canadian Pacific Railway in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the stock. Canadian Pacific Railway currently has a consensus rating of Buy and a consensus price target of $195.33.
CP stock opened at $173.14 on Thursday. The firm has a market capitalization of $24,924.54, a P/E ratio of 19.72, a PEG ratio of 1.45 and a beta of 1.03. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 1.15. Canadian Pacific Railway has a 12-month low of $149.64 and a 12-month high of $188.80.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Thursday, January 18th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.03). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Canadian Pacific Railway had a net margin of 36.88% and a return on equity of 29.96%. equities analysts anticipate that Canadian Pacific Railway will post 10.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 23rd will be given a dividend of $0.4473 per share. The ex-dividend date is Thursday, March 22nd. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. This represents a $1.79 annualized dividend and a dividend yield of 1.03%. Canadian Pacific Railway’s payout ratio is presently 19.93%.
Large investors have recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Canadian Pacific Railway during the fourth quarter worth about $133,000. We Are One Seven LLC bought a new stake in shares of Canadian Pacific Railway during the fourth quarter worth about $156,000. SeaCrest Wealth Management LLC bought a new stake in shares of Canadian Pacific Railway during the fourth quarter worth about $180,000. Jones Collombin Investment Counsel Inc increased its position in shares of 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 worth $185,000 after acquiring an additional 322 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Canadian Pacific Railway during the fourth quarter worth about $192,000. 68.72% of the stock is owned by 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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