Canadian Pacific Railway (CP) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) from a hold rating to a buy rating in a report published on Friday, Marketbeat reports.

A number of other research analysts also recently commented on CP. Seaport Global Securities reaffirmed a buy rating and issued a $205.00 price target on shares of Canadian Pacific Railway in a report on Monday, June 25th. Raymond James raised shares of Canadian Pacific Railway from an outperform rating to a strong-buy rating in a report on Monday, July 9th. Deutsche Bank downgraded shares of Canadian Pacific Railway to a buy rating in a report on Monday, July 9th. Zacks Investment Research downgraded shares of Canadian Pacific Railway from a hold rating to a sell rating in a report on Tuesday, July 10th. Finally, Loop Capital reaffirmed a buy rating on shares of Canadian Pacific Railway in a report on Thursday, July 19th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Canadian Pacific Railway currently has a consensus rating of Buy and an average price target of $237.38.

Shares of NYSE:CP opened at $218.28 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.21. Canadian Pacific Railway has a 12 month low of $164.01 and a 12 month high of $224.19. The stock has a market capitalization of $30.22 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 29th. Shareholders of record on Friday, September 28th will be paid a $0.4999 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.00 annualized dividend and a yield of 0.92%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 22.89%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HL Financial Services LLC lifted its stake in Canadian Pacific Railway by 20.2% in the second quarter. HL Financial Services LLC now owns 1,554 shares of the transportation company’s stock worth $284,000 after purchasing an additional 261 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in Canadian Pacific Railway by 16.6% in the second quarter. Traynor Capital Management Inc. now owns 1,902 shares of the transportation company’s stock worth $343,000 after purchasing an additional 271 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Canadian Pacific Railway by 7.0% in the second quarter. D.A. Davidson & CO. now owns 4,320 shares of the transportation company’s stock worth $791,000 after purchasing an additional 282 shares during the last quarter. Reliance Trust Co. of Delaware lifted its stake in Canadian Pacific Railway by 5.3% in the second quarter. Reliance Trust Co. of Delaware now owns 5,966 shares of the transportation company’s stock worth $1,092,000 after purchasing an additional 300 shares during the last quarter. Finally, BB&T Securities LLC lifted its stake in Canadian Pacific Railway by 2.9% in the second quarter. BB&T Securities LLC now owns 11,111 shares of the transportation company’s stock worth $2,033,000 after purchasing an additional 317 shares during the last quarter. 65.08% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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