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.
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
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