Loop Capital downgraded shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) from a buy rating to a hold rating in a report released on Wednesday morning, Benzinga’s Daily Ratings Newsletter reports.
A number of other research analysts have also recently commented on the stock. National Bank Financial restated a sector perform spec overwgt rating on shares of Almaden Minerals in a report on Thursday, June 27th. Argus restated a buy rating and issued a $215.00 price target on shares of AvalonBay Communities in a report on Tuesday, April 30th. 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. Deutsche Bank cut shares of CROWN CASTLE IN/SH SH from a buy rating to a hold rating and set a $121.00 price target on the stock. in a report on Monday, March 18th. They noted that the move was a valuation call. Finally, Wolfe Research upgraded shares of Covenant Transportation Group from an underperform rating to a peer perform rating in a report on Friday, June 28th. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Canadian Pacific Railway has an average rating of Buy and a consensus price target of $234.41.
CP stock opened at $239.10 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.66. Canadian Pacific Railway has a twelve month low of $167.48 and a twelve month high of $241.20. The company has a market capitalization of $33.44 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. The company’s fifty day moving average price is $232.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $0.6174 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.49. This represents a $2.47 dividend on an annualized basis and a yield of 1.03%. Canadian Pacific Railway’s dividend payout ratio is 22.68%.
A number of large investors have recently added to or reduced their stakes in CP. Zweig DiMenna Associates LLC purchased a new stake in shares of Canadian Pacific Railway during the second quarter valued at about $5,811,000. Sanders Morris Harris LLC purchased a new position in shares of Canadian Pacific Railway in the 2nd quarter valued at approximately $244,000. Capital Insight Partners LLC raised its position in shares of Canadian Pacific Railway by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 3,752 shares of the transportation company’s stock valued at $883,000 after purchasing an additional 96 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Canadian Pacific Railway by 5.1% in the 2nd quarter. WINTON GROUP Ltd now owns 83,381 shares of the transportation company’s stock valued at $19,615,000 after purchasing an additional 4,066 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its position in shares of Canadian Pacific Railway by 13.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 149,186 shares of the transportation company’s stock valued at $30,737,000 after purchasing an additional 17,685 shares during the last quarter. 67.63% of the stock is 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.
Featured Article: Options Trading – Understanding Strike Price
Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.