Trade Report: The Canadian Pacific Railway Ltd. (CP) Now Covered by Analysts at Vertical Research

The Canadian Pacific Railway Ltd. (CP) Now Covered by Analysts at Vertical Research

Vertical Research initiated coverage on shares of Canadian Pacific Railway Ltd. (NYSE:CP) in a report issued on Tuesday, The Fly reports. The firm issued a buy rating on the stock.

Other analysts have also issued research reports about the stock. Cowen and Company lifted their target price on shares of Canadian Pacific Railway from $166.00 to $168.00 and gave the company an outperform rating in a research report on Wednesday, July 20th. Royal Bank Of Canada dropped their target price on shares of Canadian Pacific Railway from $209.00 to $203.00 and set an outperform rating on the stock in a research report on Thursday, June 23rd. Desjardins upgraded shares of Canadian Pacific Railway from a hold rating to a buy rating and dropped their target price for the company from $204.00 to $195.00 in a research report on Wednesday, June 22nd. TD Securities reiterated a hold rating and issued a $185.00 target price (down previously from $195.00) on shares of Canadian Pacific Railway in a research report on Wednesday, June 22nd. Finally, Argus lifted their target price on shares of Canadian Pacific Railway from $155.00 to $165.00 and gave the company a buy rating in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $177.89.

Shares of Canadian Pacific Railway (NYSE:CP) traded down 0.98% during trading on Tuesday, reaching $150.95. 159,267 shares of the company traded hands. Canadian Pacific Railway has a 52 week low of $97.09 and a 52 week high of $157.34. The stock has a market capitalization of $22.31 billion, a PE ratio of 20.42 and a beta of 1.32. The firm has a 50 day moving average of $151.00 and a 200 day moving average of $141.23.

Canadian Pacific Railway (NYSE:CP) last announced its earnings results on Wednesday, July 20th. The company reported $2.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.50 by $0.45. Canadian Pacific Railway had a net margin of 23.36% and a return on equity of 32.47%. The company earned $1.45 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the business earned $2.45 EPS. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, equities analysts predict that Canadian Pacific Railway will post $8.01 EPS for the current year.

In other news, Director Pershing Square Capital Manage sold 9,840,890 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $141.68, for a total value of $1,394,257,295.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Canadian Pacific Railway by 6.6% in the first quarter. Royal Bank of Canada now owns 6,998,863 shares of the company’s stock valued at $928,678,000 after buying an additional 435,438 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Canadian Pacific Railway by 34.4% in the second quarter. Artisan Partners Limited Partnership now owns 3,771,402 shares of the company’s stock valued at $485,719,000 after buying an additional 965,068 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of Canadian Pacific Railway by 65.1% in the second quarter. 1832 Asset Management L.P. now owns 3,540,175 shares of the company’s stock valued at $455,518,000 after buying an additional 1,395,706 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Canadian Pacific Railway by 184.4% in the second quarter. JPMorgan Chase & Co. now owns 3,535,121 shares of the company’s stock valued at $455,287,000 after buying an additional 2,292,240 shares during the last quarter. Finally, WCM Investment Management CA boosted its position in shares of Canadian Pacific Railway by 5.2% in the second quarter. WCM Investment Management CA now owns 3,078,686 shares of the company’s stock valued at $396,504,000 after buying an additional 152,937 shares during the last quarter. Institutional investors and hedge funds own 68.21% of the company’s stock.

About Canadian Pacific Railway

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.

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