South Street Advisors LLC raised its holdings in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,774 shares of the transportation company’s stock after purchasing an additional 1,730 shares during the period. Canadian Pacific Railway comprises 2.4% of South Street Advisors LLC’s holdings, making the stock its 23rd largest position. South Street Advisors LLC’s holdings in Canadian Pacific Railway were worth $8,011,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Egerton Capital UK LLP boosted its stake in shares of Canadian Pacific Railway by 24.4% in the second quarter. Egerton Capital UK LLP now owns 2,792,805 shares of the transportation company’s stock worth $511,139,000 after acquiring an additional 548,467 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Canadian Pacific Railway by 79.4% in the second quarter. Toronto Dominion Bank now owns 1,034,315 shares of the transportation company’s stock worth $187,564,000 after acquiring an additional 457,885 shares during the last quarter. UBS Group AG boosted its stake in shares of Canadian Pacific Railway by 234.5% in the first quarter. UBS Group AG now owns 155,729 shares of the transportation company’s stock worth $27,487,000 after acquiring an additional 271,502 shares during the last quarter. Addenda Capital Inc. acquired a new stake in shares of Canadian Pacific Railway in the second quarter worth approximately $41,368,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Canadian Pacific Railway in the first quarter worth approximately $38,708,000. 65.64% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on CP. Stifel Nicolaus lifted their price target on Canadian Pacific Railway from $200.00 to $207.00 and gave the stock a “hold” rating in a research note on Thursday, July 19th. Zacks Investment Research lowered Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. ValuEngine raised Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Seaport Global Securities reaffirmed a “buy” rating and issued a $205.00 price target on shares of Canadian Pacific Railway in a research note on Monday, June 25th. Finally, Deutsche Bank lowered Canadian Pacific Railway to a “buy” rating in a research note on Monday, July 9th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $217.11.
Shares of Canadian Pacific Railway stock opened at $205.55 on Monday. Canadian Pacific Railway Limited has a one year low of $158.08 and a one year high of $211.44. The company has a market cap of $29.52 billion, a P/E ratio of 23.41, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.21.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 18th. The transportation company reported $3.16 EPS for the quarter, topping the Zacks’ consensus estimate of $2.40 by $0.76. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the business posted $2.77 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. research analysts predict that Canadian Pacific Railway Limited will post 10.22 earnings per share for the current year.
Canadian Pacific Railway 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 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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