Traders Buy Shares of Canadian Pacific Railway (CP) on Weakness

Investors purchased shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) on weakness during trading hours on Friday. $51.88 million flowed into the stock on the tick-up and $38.14 million flowed out of the stock on the tick-down, for a money net flow of $13.74 million into the stock. Of all companies tracked, Canadian Pacific Railway had the 32nd highest net in-flow for the day. Canadian Pacific Railway traded down ($0.67) for the day and closed at $171.50

CP has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of Canadian Pacific Railway from a “neutral” rating to an “overweight” rating in a research note on Thursday, October 12th. Cowen raised their price target on shares of Canadian Pacific Railway from $182.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, October 18th. Goldman Sachs Group initiated coverage on shares of Canadian Pacific Railway in a research note on Monday, November 13th. They issued a “neutral” rating and a $178.00 price target on the stock. Deutsche Bank initiated coverage on shares of Canadian Pacific Railway in a research note on Wednesday, November 1st. They issued a “buy” rating and a $209.00 price target on the stock. Finally, Argus raised their price target on shares of Canadian Pacific Railway from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Canadian Pacific Railway presently has an average rating of “Buy” and an average price target of $190.53.

The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $25,498.28, a P/E ratio of 13.43, a P/E/G ratio of 1.45 and a beta of 1.08.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $2.54 EPS for the quarter, missing the Zacks’ consensus estimate of $2.57 by ($0.03). Canadian Pacific Railway had a net margin of 36.88% and a return on equity of 31.61%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. research analysts expect that Canadian Pacific Railway Limited will post 10.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Friday, December 29th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.03%. Canadian Pacific Railway’s dividend payout ratio is presently 14.33%.

Several hedge funds and other institutional investors have recently bought and sold shares of CP. Cerebellum GP LLC acquired a new position in shares of Canadian Pacific Railway during the fourth quarter valued at approximately $133,000. SeaCrest Wealth Management LLC acquired a new position in shares of Canadian Pacific Railway during the fourth quarter valued at approximately $180,000. Jones Collombin Investment Counsel Inc increased its stake in shares of Canadian Pacific Railway by 46.7% during the fourth quarter. Jones Collombin Investment Counsel Inc now owns 1,012 shares of the transportation company’s stock valued at $185,000 after acquiring an additional 322 shares during the period. Boston Private Wealth LLC acquired a new position in shares of Canadian Pacific Railway during the third quarter valued at approximately $203,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Canadian Pacific Railway during the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 67.30% of the company’s stock.

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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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

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