Canadian Pacific Railway Limited (NYSE:CP) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC grew its stake in Canadian Pacific Railway Limited (NYSE:CP – Get Rating) (TSE:CP) by 504.6% in the third quarter, Holdings Channel reports. The fund owned 19,110 shares of the transportation company’s stock after purchasing an additional 15,949 shares during the period. Ieq Capital LLC’s holdings in Canadian Pacific Railway were worth $1,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC increased its stake in shares of Canadian Pacific Railway by 57.3% in the 3rd quarter. Hexagon Capital Partners LLC now owns 453 shares of the transportation company’s stock worth $30,000 after acquiring an additional 165 shares during the last quarter. Pacifica Partners Inc. increased its position in shares of Canadian Pacific Railway by 102.8% during the 3rd quarter. Pacifica Partners Inc. now owns 515 shares of the transportation company’s stock worth $36,000 after purchasing an additional 261 shares during the last quarter. Private Trust Co. NA purchased a new stake in Canadian Pacific Railway in the 2nd quarter valued at about $45,000. Eagle Bay Advisors LLC acquired a new position in Canadian Pacific Railway in the second quarter valued at about $45,000. Finally, CX Institutional purchased a new position in Canadian Pacific Railway during the second quarter worth about $45,000. 72.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CP has been the topic of a number of research analyst reports. National Bank Financial boosted their price target on shares of Canadian Pacific Railway from C$105.00 to C$106.00 in a research note on Friday, December 16th. Atb Cap Markets reiterated an “outperform” rating on shares of Canadian Pacific Railway in a report on Tuesday, December 20th. StockNews.com assumed coverage on shares of Canadian Pacific Railway in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Scotiabank lifted their target price on shares of Canadian Pacific Railway from C$102.00 to C$110.00 in a report on Tuesday. Finally, Barclays lifted their target price on shares of Canadian Pacific Railway from $81.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, January 11th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Railway presently has a consensus rating of “Moderate Buy” and an average price target of $89.73.

Canadian Pacific Railway Stock Performance

Shares of CP stock opened at $79.94 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. Canadian Pacific Railway Limited has a 52 week low of $65.17 and a 52 week high of $84.22. The stock has a market capitalization of $74.38 billion, a PE ratio of 32.36, a P/E/G ratio of 2.35 and a beta of 1.01. The firm has a 50 day moving average of $78.05 and a two-hundred day moving average of $75.81.

Canadian Pacific Railway (NYSE:CP – Get Rating) (TSE:CP) last released its quarterly earnings data on Wednesday, October 26th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Canadian Pacific Railway had a net margin of 33.05% and a return on equity of 8.77%. On average, research analysts predict that Canadian Pacific Railway Limited will post 2.75 EPS for the current fiscal year.

Canadian Pacific Railway Company Profile

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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.