Canadian Pacific Railway (NYSE:CP) Downgraded to “Hold” at ValuEngine

Canadian Pacific Railway (NYSE:CP) (TSE:CP) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday, April 1st, ValuEngine reports.

A number of other research firms have also recently commented on CP. Zacks Investment Research cut Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Deutsche Bank reduced their price objective on Canadian Pacific Railway from $248.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 18th. Credit Suisse Group reduced their price objective on Canadian Pacific Railway from $243.00 to $224.00 and set an “outperform” rating on the stock in a research note on Monday, January 7th. Macquarie reiterated a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, March 28th. Finally, Cowen reiterated a “buy” rating and issued a $238.00 price objective on shares of Canadian Pacific Railway in a research note on Thursday, January 24th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Canadian Pacific Railway presently has a consensus rating of “Buy” and a consensus target price of $228.46.

NYSE:CP traded up $5.17 during trading hours on Monday, reaching $224.42. 1,017,605 shares of the stock were exchanged, compared to its average volume of 480,291. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.23. Canadian Pacific Railway has a twelve month low of $167.48 and a twelve month high of $227.53. The stock has a market capitalization of $30.24 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.54. Canadian Pacific Railway had a return on equity of 30.83% and a net margin of 26.62%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the firm earned $2.70 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Canadian Pacific Railway will post 12.28 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. WCM Investment Management LLC increased its holdings in Canadian Pacific Railway by 5.4% in the fourth quarter. WCM Investment Management LLC now owns 4,949,371 shares of the transportation company’s stock valued at $879,107,000 after buying an additional 255,486 shares during the last quarter. Vanguard Group Inc. increased its holdings in Canadian Pacific Railway by 2.7% in the third quarter. Vanguard Group Inc. now owns 3,671,523 shares of the transportation company’s stock valued at $778,143,000 after buying an additional 96,728 shares during the last quarter. Vanguard Group Inc increased its holdings in Canadian Pacific Railway by 2.7% in the third quarter. Vanguard Group Inc now owns 3,671,523 shares of the transportation company’s stock valued at $778,143,000 after buying an additional 96,728 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Canadian Pacific Railway by 15.5% in the fourth quarter. CIBC Asset Management Inc now owns 1,983,724 shares of the transportation company’s stock valued at $352,088,000 after buying an additional 266,619 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Canadian Pacific Railway by 25.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,902,990 shares of the transportation company’s stock valued at $338,009,000 after buying an additional 381,373 shares during the last quarter. 68.69% of the stock is currently owned by hedge funds and other institutional investors.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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