Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 661,800 shares, a decrease of 12.2% from the January 15th total of 753,600 shares. Based on an average daily volume of 362,500 shares, the short-interest ratio is presently 1.8 days. Approximately 0.5% of the shares of the company are sold short.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Carmichael Hill & Associates Inc. purchased a new position in Canadian Pacific Railway during the fourth quarter valued at $25,000. KCS Wealth Advisory purchased a new position in Canadian Pacific Railway during the third quarter valued at $36,000. Benjamin F. Edwards & Company Inc. purchased a new position in Canadian Pacific Railway during the fourth quarter valued at $51,000. Firestone Capital Management purchased a new position in Canadian Pacific Railway during the fourth quarter valued at $51,000. Finally, TCI Wealth Advisors Inc. purchased a new position in Canadian Pacific Railway during the fourth quarter valued at $57,000. 67.80% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the stock. Stephens upped their target price on shares of Canadian Pacific Railway from $264.00 to $271.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Zacks Investment Research cut shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating and set a $227.00 target price for the company. in a report on Monday, October 21st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a report on Friday, December 6th. Benchmark assumed coverage on shares of Canadian Pacific Railway in a report on Thursday, January 30th. They set a “buy” rating and a $295.00 target price for the company. Finally, Loop Capital cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $340.00 target price for the company. in a report on Tuesday, December 17th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $296.16.
Shares of NYSE CP traded down $2.58 during midday trading on Friday, reaching $270.95. The stock had a trading volume of 176,900 shares, compared to its average volume of 364,700. The stock has a 50-day moving average of $262.18 and a 200-day moving average of $240.83. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 0.57. The company has a market capitalization of $37.53 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. Canadian Pacific Railway has a 12-month low of $199.33 and a 12-month high of $275.13.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $4.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.55 by $1.22. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Canadian Pacific Railway had a net margin of 31.31% and a return on equity of 32.44%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.55 earnings per share. As a group, analysts forecast that Canadian Pacific Railway will post 13.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a $0.6292 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 20.50%.
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.
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