Canadian Pacific Railway (NYSE:CP) Earns Neutral Rating from Analysts at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) in a research report report published on Wednesday, Benzinga’s Daily Ratings Newsletter reports. The firm issued a neutral rating and a $253.00 price objective on the transportation company’s stock.

CP has been the subject of several other reports. National Bank Financial reaffirmed a sector perform spec overwgt rating on shares of Almaden Minerals in a research note on Thursday, June 27th. Sanford C. Bernstein began coverage on shares of CVS Health in a research report on Tuesday, March 12th. They set an outperform rating and a $76.00 target price for the company. Loop Capital downgraded shares of CSX from a buy rating to a hold rating and decreased their target price for the stock from $85.00 to $81.00 in a research report on Wednesday. Desjardins downgraded shares of Canadian Pacific Railway from a buy rating to a hold rating in a research report on Friday, April 12th. Finally, Argus reissued a buy rating and set a $215.00 target price on shares of AvalonBay Communities in a research report on Tuesday, April 30th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $234.41.

CP stock opened at $239.10 on Wednesday. The firm has a market capitalization of $33.44 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. 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 12-month low of $167.48 and a 12-month high of $241.20. The firm has a fifty day moving average price of $232.58.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, April 23rd. The transportation company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.54. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. Canadian Pacific Railway had a net margin of 27.45% and a return on equity of 30.52%. Canadian Pacific Railway’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.70 earnings per share. Equities analysts anticipate that Canadian Pacific Railway will post 12.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a $0.6174 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 1.03%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, June 27th. Canadian Pacific Railway’s dividend payout ratio is presently 22.68%.

Hedge funds have recently modified their holdings of the business. We Are One Seven LLC boosted its stake in Canadian Pacific Railway by 72.8% in the first quarter. We Are One Seven LLC now owns 2,328 shares of the transportation company’s stock valued at $479,000 after acquiring an additional 981 shares during the last quarter. Moors & Cabot Inc. purchased a new position in Canadian Pacific Railway in the first quarter valued at about $360,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new position in Canadian Pacific Railway in the fourth quarter valued at about $18,909,000. Park National Corp OH boosted its stake in Canadian Pacific Railway by 11.1% in the first quarter. Park National Corp OH now owns 1,708 shares of the transportation company’s stock valued at $352,000 after acquiring an additional 170 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Canadian Pacific Railway by 23.8% in the first quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 76,001 shares of the transportation company’s stock valued at $15,664,000 after acquiring an additional 14,624 shares during the last quarter. 67.63% 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 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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