Janus Henderson Group PLC raised its holdings in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 24.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,842 shares of the transportation company’s stock after acquiring an additional 13,417 shares during the quarter. Janus Henderson Group PLC’s holdings in Canadian Pacific Railway were worth $14,353,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. Zions Bancorporation bought a new stake in shares of Canadian Pacific Railway in the 2nd quarter valued at approximately $134,000. Cerebellum GP LLC bought a new stake in shares of Canadian Pacific Railway in the 3rd quarter valued at approximately $192,000. Usca Ria LLC bought a new stake in shares of Canadian Pacific Railway in the 3rd quarter valued at approximately $207,000. Ullmann Financial Group Inc. bought a new stake in shares of Canadian Pacific Railway in the 3rd quarter valued at approximately $215,000. Finally, Cypress Asset Management Inc. TX bought a new stake in shares of Canadian Pacific Railway in the 3rd quarter valued at approximately $219,000. 67.31% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on CP shares. Cowen reissued a “buy” rating and issued a $236.00 price target on shares of Canadian Pacific Railway in a research note on Friday, October 19th. Raymond James reissued a “buy” rating on shares of Canadian Pacific Railway in a research note on Monday, December 3rd. ValuEngine cut Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Deutsche Bank set a $245.00 price target on Canadian Pacific Railway and gave the company a “buy” rating in a research note on Friday, October 5th. Finally, Citigroup reissued a “buy” rating and issued a $260.00 price target (up previously from $242.00) on shares of Canadian Pacific Railway in a research note on Friday, October 5th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $237.15.
Shares of Canadian Pacific Railway stock opened at $189.28 on Friday. The company has a market cap of $27.90 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.39 and a beta of 0.91. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.68 and a quick ratio of 0.58. Canadian Pacific Railway Limited has a 12-month low of $166.36 and a 12-month high of $224.19.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its earnings results on Thursday, October 18th. The transportation company reported $4.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.96. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Canadian Pacific Railway had a return on equity of 28.71% and a net margin of 34.07%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.90 earnings per share. As a group, equities analysts predict that Canadian Pacific Railway Limited will post 10.82 EPS for the current fiscal year.
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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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