10 15 Associates Inc. grew its position in shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,832 shares of the transportation company’s stock after buying an additional 405 shares during the quarter. 10 15 Associates Inc.’s holdings in Canadian Pacific Railway were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC acquired a new stake in Canadian Pacific Railway in the 1st quarter worth approximately $116,000. We Are One Seven LLC acquired a new stake in Canadian Pacific Railway in the 4th quarter worth approximately $156,000. SeaCrest Wealth Management LLC acquired a new stake in Canadian Pacific Railway in the 4th quarter worth approximately $180,000. Financial Gravity Companies Inc. acquired a new stake in Canadian Pacific Railway in the 4th quarter worth approximately $192,000. Finally, Lake Street Advisors Group LLC acquired a new stake in Canadian Pacific Railway in the 4th quarter worth approximately $203,000. Institutional investors and hedge funds own 68.02% of the company’s stock.
Several research firms recently weighed in on CP. Cowen restated an “outperform” rating and issued a $209.00 target price (up from $207.00) on shares of Canadian Pacific Railway in a report on Wednesday, February 28th. Stifel Nicolaus began coverage on Canadian Pacific Railway in a report on Thursday. They issued a “hold” rating and a $201.00 target price for the company. Credit Suisse Group boosted their target price on Canadian Pacific Railway from $204.00 to $208.00 and gave the stock an “outperform” rating in a report on Thursday, April 19th. Zacks Investment Research lowered Canadian Pacific Railway from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Finally, Goldman Sachs Group upgraded Canadian Pacific Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $176.72 to $213.00 in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $206.75.
CP opened at $186.25 on Monday. The company has a market cap of $26.76 billion, a PE ratio of 21.21, a PEG ratio of 1.54 and a beta of 1.04. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 1.18. Canadian Pacific Railway has a 1 year low of $150.91 and a 1 year high of $188.80.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 18th. The transportation company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.54. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Canadian Pacific Railway had a return on equity of 28.51% and a net margin of 35.18%. Canadian Pacific Railway’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.50 earnings per share. research analysts predict that Canadian Pacific Railway will post 10.34 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 30th. Stockholders of record on Friday, June 29th will be given a dividend of $0.438 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, June 28th. Canadian Pacific Railway’s dividend payout ratio is presently 19.93%.
Canadian Pacific Railway Profile
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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