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

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

A number of other equities analysts have also commented on the stock. Loop Capital lowered shares of CSX from a buy rating to a hold rating and decreased their price target for the stock from $85.00 to $81.00 in a report on Wednesday. Macquarie set a $52.00 price target on shares of Southwest Airlines and gave the stock a hold rating in a report on Thursday, March 28th. National Bank Financial reissued a sector perform spec overwgt rating on shares of Almaden Minerals in a report on Thursday, June 27th. ValuEngine raised shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Friday, May 17th. Finally, Citigroup set a $20.00 price target on shares of Compania de Minas Buenaventura SAA and gave the stock a buy rating in a report on Thursday, April 4th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Canadian Pacific Railway has a consensus rating of Buy and a consensus target price of $234.41.

Shares of NYSE:CP opened at $239.10 on Wednesday. The business has a fifty day moving average of $232.58. The company has a market cap 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. Canadian Pacific Railway has a one year low of $167.48 and a one year high of $241.20. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 1.24.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.79 EPS for the quarter, topping the Zacks’ consensus estimate of $2.25 by $0.54. The firm 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%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.70 EPS. As a group, research analysts forecast that Canadian Pacific Railway will post 12.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.6174 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.47 annualized dividend and a dividend yield of 1.03%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.49. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 22.68%.

Hedge funds have recently added to or reduced their stakes in the stock. We Are One Seven LLC grew its holdings in shares of Canadian Pacific Railway by 72.8% during the 1st quarter. We Are One Seven LLC now owns 2,328 shares of the transportation company’s stock valued at $479,000 after purchasing an additional 981 shares during the last quarter. Moors & Cabot Inc. bought a new position in shares of Canadian Pacific Railway during the 1st quarter valued at $360,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in shares of Canadian Pacific Railway during the 4th quarter valued at $18,909,000. Park National Corp OH boosted its position in Canadian Pacific Railway by 11.1% during the 1st quarter. Park National Corp OH now owns 1,708 shares of the transportation company’s stock valued at $352,000 after buying an additional 170 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in Canadian Pacific Railway by 23.8% during the 1st 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 buying an additional 14,624 shares during the period. 67.63% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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