Canadian Pacific Railway (NYSE:CP) Rating Lowered to Peer Perform at Wolfe Research

Canadian Pacific Railway (NYSE:CP) (TSE:CP) was downgraded by Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued on Friday, Marketbeat reports.

A number of other brokerages have also recently issued reports on CP. National Bank Financial cut Canadian Pacific Railway from an “outperform” rating to a “sector perform” rating and set a $233.71 price objective on the stock. in a research note on Thursday. ValuEngine raised Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Morgan Stanley reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, April 4th. Macquarie reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, March 28th. Finally, Sanford C. Bernstein cut Canadian Pacific Railway from an “outperform” rating to a “market perform” rating and set a $211.00 price objective on the stock. in a research note on Tuesday, March 12th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $232.98.

CP opened at $235.24 on Friday. The company has a market capitalization of $32.90 billion, a PE ratio of 21.12, a PEG ratio of 1.68 and a beta of 1.10. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.24. Canadian Pacific Railway has a 52 week low of $167.48 and a 52 week high of $241.20. The company has a fifty day moving average price of $228.73.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.79 EPS for the quarter, beating the Zacks’ consensus estimate of $2.25 by $0.54. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Canadian Pacific Railway had a return on equity of 30.52% and a net margin of 27.45%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.70 earnings per share. As a group, equities research analysts predict that Canadian Pacific Railway will post 12.36 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of Canadian Pacific Railway by 4.7% during the first quarter. Parallel Advisors LLC now owns 1,208 shares of the transportation company’s stock worth $249,000 after purchasing an additional 54 shares during the period. Cornerstone Advisors Inc. boosted its holdings in shares of Canadian Pacific Railway by 4.1% during the first quarter. Cornerstone Advisors Inc. now owns 1,427 shares of the transportation company’s stock worth $294,000 after purchasing an additional 56 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Canadian Pacific Railway by 1.8% during the first quarter. Oppenheimer & Co. Inc. now owns 3,209 shares of the transportation company’s stock worth $661,000 after purchasing an additional 58 shares during the period. 10 15 Associates Inc. boosted its holdings in shares of Canadian Pacific Railway by 0.9% during the fourth quarter. 10 15 Associates Inc. now owns 9,664 shares of the transportation company’s stock worth $1,717,000 after purchasing an additional 90 shares during the period. Finally, BOKF NA boosted its holdings in shares of Canadian Pacific Railway by 7.9% during the fourth quarter. BOKF NA now owns 1,338 shares of the transportation company’s stock worth $238,000 after purchasing an additional 98 shares during the period. Institutional investors own 67.63% 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 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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