Canadian Pacific Railway Ltd. (NYSE:CP) (TSE:CP) has received a consensus recommendation of “Buy” from the thirty-two brokerages that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $184.38.

A number of research firms have recently commented on CP. Seaport Global Securities began coverage on shares of Canadian Pacific Railway in a research report on Monday, October 24th. They issued a “buy” rating and a $165.00 price objective for the company. Vertical Research began coverage on shares of Canadian Pacific Railway in a research report on Tuesday, October 11th. They issued a “buy” rating for the company. Scotiabank restated an “outperform” rating and issued a $220.00 price objective (up from $210.00) on shares of Canadian Pacific Railway in a research report on Saturday, October 22nd. TD Securities restated a “hold” rating and issued a $205.00 price objective on shares of Canadian Pacific Railway in a research report on Saturday, October 22nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $220.00 price objective (up from $215.00) on shares of Canadian Pacific Railway in a research report on Saturday, October 22nd.

Hedge funds have recently made changes to their positions in the stock. Sarasin & Partners LLP boosted its stake in shares of Canadian Pacific Railway by 4.7% in the second quarter. Sarasin & Partners LLP now owns 926,269 shares of the company’s stock worth $119,294,000 after buying an additional 41,572 shares during the period. Creative Planning boosted its stake in shares of Canadian Pacific Railway by 0.3% in the second quarter. Creative Planning now owns 32,207 shares of the company’s stock worth $4,148,000 after buying an additional 89 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Canadian Pacific Railway by 78.3% in the second quarter. Gateway Investment Advisers LLC now owns 57,598 shares of the company’s stock worth $7,418,000 after buying an additional 25,287 shares during the period. Park National Corp OH boosted its stake in shares of Canadian Pacific Railway by 3.1% in the second quarter. Park National Corp OH now owns 1,664 shares of the company’s stock worth $214,000 after buying an additional 50 shares during the period. Finally, Barnett & Company Inc. acquired a new stake in shares of Canadian Pacific Railway during the first quarter worth approximately $186,000. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Shares of Canadian Pacific Railway (NYSE:CP) traded down 0.59% during trading on Friday, reaching $145.35. 298,398 shares of the company’s stock traded hands. The company’s 50-day moving average is $147.43 and its 200 day moving average is $142.24. Canadian Pacific Railway has a 52-week low of $97.09 and a 52-week high of $157.34. The company has a market cap of $21.26 billion, a price-to-earnings ratio of 19.43 and a beta of 1.08.

Canadian Pacific Railway (NYSE:CP) last issued its earnings results on Wednesday, October 19th. The company reported $2.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by $0.06. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.26 billion. Canadian Pacific Railway had a return on equity of 30.92% and a net margin of 24.33%. Canadian Pacific Railway’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.69 EPS. Equities analysts forecast that Canadian Pacific Railway will post $7.81 EPS for the current year.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

5 Day Chart for NYSE:CP

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