Stifel Nicolaus Raises Canadian Pacific Railway (CP) Price Target to $247.00

Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its target price raised by equities research analysts at Stifel Nicolaus from $207.00 to $247.00 in a report issued on Sunday. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 13.09% from the stock’s previous close.

A number of other brokerages also recently commented on CP. Credit Suisse Group upped their target price on Canadian Pacific Railway from $216.00 to $255.00 and gave the company an “outperform” rating in a report on Friday. Stephens restated a “hold” rating and set a $239.00 target price on shares of Canadian Pacific Railway in a report on Monday. TD Securities upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Friday. Citigroup restated a “buy” rating and set a $260.00 target price (up previously from $242.00) on shares of Canadian Pacific Railway in a report on Friday. Finally, Deutsche Bank set a $245.00 target price on Canadian Pacific Railway and gave the company a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $237.38.

Shares of Canadian Pacific Railway stock traded down $2.28 during midday trading on Friday, reaching $218.41. 23,093 shares of the company’s stock traded hands, compared to its average volume of 528,846. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.21. The company has a market cap of $30.22 billion, a PE ratio of 24.86, a P/E/G ratio of 1.78 and a beta of 1.07. Canadian Pacific Railway has a 12 month low of $164.01 and a 12 month high of $224.19.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, July 18th. The transportation company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.76. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.77 earnings per share. On average, research analysts anticipate that Canadian Pacific Railway will post 10.25 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Egerton Capital UK LLP grew 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 grew 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 grew 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. purchased a new stake in shares of Canadian Pacific Railway in the second quarter worth $41,368,000. Finally, Fiera Capital Corp grew its stake in shares of Canadian Pacific Railway by 30.9% in the second quarter. Fiera Capital Corp now owns 924,876 shares of the transportation company’s stock worth $169,510,000 after acquiring an additional 218,248 shares during the last quarter. Institutional investors and hedge funds own 65.08% of the company’s stock.

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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