Canadian Pacific Railway (NYSE:CP) Rating Reiterated by Cowen

Canadian Pacific Railway (NYSE:CP) (TSE:CP)‘s stock had its “buy” rating reissued by equities research analysts at Cowen in a note issued to investors on Tuesday, AnalystRatings.com reports. They currently have a $258.00 target price on the transportation company’s stock. Cowen’s price objective would suggest a potential upside of 5.52% from the company’s current price.

Other equities research analysts have also issued reports about the company. Deutsche Bank lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price objective for the company. in a research report on Monday, March 18th. They noted that the move was a valuation call. Goldman Sachs Group lowered EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 10th. Raymond James lowered RioCan Real Estate Investment Trust to a “hold” rating in a research report on Monday. Zacks Investment Research lowered Guardant Health from a “hold” rating to a “sell” rating in a research report on Monday, March 18th. Finally, National Bank Financial restated a “sector perform spec overwgt” rating on shares of Almaden Minerals in a research report on Thursday, June 27th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $241.19.

Shares of NYSE CP opened at $244.50 on Tuesday. Canadian Pacific Railway has a one year low of $167.48 and a one year high of $247.52. The firm has a market cap of $34.44 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.66 and a beta of 1.09. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.66. The business’s 50-day simple moving average is $234.23.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.30 EPS for the quarter, topping the Zacks’ consensus estimate of $3.19 by $1.11. Canadian Pacific Railway had a return on equity of 30.52% and a net margin of 27.45%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company posted $3.16 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Canadian Pacific Railway will post 12.58 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in CP. Fox Run Management L.L.C. bought a new stake in shares of Canadian Pacific Railway during the second quarter valued at approximately $367,000. NEXT Financial Group Inc increased its position in shares of Canadian Pacific Railway by 81.9% during the second quarter. NEXT Financial Group Inc now owns 664 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 299 shares during the period. First Hawaiian Bank increased its position in shares of Canadian Pacific Railway by 39.0% during the second quarter. First Hawaiian Bank now owns 994 shares of the transportation company’s stock valued at $234,000 after purchasing an additional 279 shares during the period. Zweig DiMenna Associates LLC bought a new stake in shares of Canadian Pacific Railway during the second quarter valued at approximately $5,811,000. Finally, Sanders Morris Harris LLC bought a new stake in shares of Canadian Pacific Railway during the second quarter valued at approximately $244,000. Institutional investors and hedge funds own 67.63% of the company’s stock.

Canadian Pacific Railway Company Profile

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.

Further Reading: Cost of equity and a company’s balance sheet

Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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