Canadian Pacific Railway Limited (CP) Stake Lifted by Signaturefd LLC

Signaturefd LLC lifted its holdings in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 86.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,219 shares of the transportation company’s stock after purchasing an additional 564 shares during the quarter. Signaturefd LLC’s holdings in Canadian Pacific Railway were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Jackson Grant Investment Advisers Inc. purchased a new stake in Canadian Pacific Railway during the second quarter valued at $103,000. Zions Bancorporation purchased a new stake in Canadian Pacific Railway during the second quarter valued at $134,000. Financial Gravity Wealth Inc. purchased a new stake in Canadian Pacific Railway during the first quarter valued at $175,000. Credit Agricole S A purchased a new stake in Canadian Pacific Railway during the first quarter valued at $200,000. Finally, Sawtooth Solutions LLC purchased a new stake in Canadian Pacific Railway during the second quarter valued at $207,000. Hedge funds and other institutional investors own 65.64% of the company’s stock.

NYSE:CP opened at $205.55 on Friday. Canadian Pacific Railway Limited has a 52-week low of $158.08 and a 52-week high of $211.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market cap of $29.52 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 1.74 and a beta of 1.08.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 18th. The transportation company reported $3.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.76. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company posted $2.77 earnings per share. Canadian Pacific Railway’s revenue for the quarter was up 6.5% on a year-over-year basis. equities research analysts predict that Canadian Pacific Railway Limited will post 10.22 EPS for the current year.

A number of research firms recently commented on CP. Seaport Global Securities reiterated a “buy” rating and set a $205.00 price objective on shares of Canadian Pacific Railway in a research report on Monday, June 25th. Credit Suisse Group upped their price objective on Canadian Pacific Railway from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, July 19th. Stifel Nicolaus upped their price objective on Canadian Pacific Railway from $200.00 to $207.00 and gave the company a “hold” rating in a research report on Thursday, July 19th. Loop Capital reiterated a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, July 19th. Finally, Raymond James upgraded Canadian Pacific Railway from an “outperform” rating to a “strong-buy” rating in a research report on Monday, July 9th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $217.11.

Canadian Pacific Railway 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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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Institutional Ownership by Quarter for Canadian Pacific Railway (NYSE:CP)

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