Canadian Pacific Railway Limited (NYSE:CP) shares traded -1.20% lower at $77.95 on Wall Street last session.
In accordance with the data, 31 analysts cover Canadian Pacific Railway Limited (NYSE:CP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $138.60 and a low of $103.92, we find $117.25. Given the previous closing price of $78.90, this indicates a potential upside of 48.61 percent. CP stock price is now -0.13% away from the 50-day moving average and 4.44% away from the 200-day moving average. The market capitalization of the company currently stands at $95.89B.
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It has been rated a hold by 11 analysts and a buy by 17. Brokers who have rated the stock have averaged $117.37 as their price target over the next twelve months.
With the price target enhanced from $80 to $98, Deutsche Bank Upgraded its rating from Hold to Buy for Canadian Pacific Railway Limited (NYSE: CP). On September 12, 2022, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $85 to quote $87, while ‘Scotiabank’ rates the stock as ‘Sector Perform’.
Insiders disposed of 400,324 shares of company stock worth roughly $31.21 million over the past 1 year. A total of 0.02% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CP stock. A new stake in Canadian Pacific Railway Limited shares was purchased by NAYA CAPITAL MANAGEMENT UK LTD during the first quarter worth $189,851,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $27,153,000 in shares of CP during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Canadian Pacific Railway Limited valued at approximately $20,790,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in CP for approximately $19,908,000. ROYAL LONDON ASSET MANAGEMENT LTD purchased a new stake in CP valued at around $17,234,000 in the second quarter. In total, there are 1,224 active investors with 69.50% ownership of the company’s stock.
Canadian Pacific Railway Limited (NYSE: CP) opened at $78.98 on Wednesday. During the past 12 months, Canadian Pacific Railway Limited has had a low of $65.17 and a high of $84.22. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 0.60, and a quick ratio of 0.50. The fifty day moving average price for CP is $78.06 and a two-hundred day moving average price translates $74.64 for the stock.
The latest earnings results from Canadian Pacific Railway Limited (NYSE: CP) was released for Sep, 2022. According to the Railroads Company, earnings per share came in at $0.81, beating analysts’ expectations of $0.8 by 0.01. This compares to $0.56 EPS in the same period last year. The net profit margin was 33.10% and return on equity was 7.90% for CP. The company reported revenue of $1.77 billion for the quarter, compared to $1.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.83 percent. For the current quarter, analysts expect CP to generate $1.65B in revenue.
In terms of dividend payout ratio, CP is presently at 24.10%.
Canadian Pacific Railway Limited(CP) 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. It also transports intermodal traffic comprising retail goods in overseas containers. The company offers rail and intermodal transportation services through a network of approximately 13,000 miles serving business centers in Quebec and British Columbia, Canada; and the United States Northeast and Midwest regions. Canadian Pacific Railway Limited was incorporated in 1881 and is headquartered in Calgary, Canada.
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