Canadian Pacific Railway (NYSE:CP) Downgraded by Zacks Investment Research

Canadian Pacific Railway (NYSE:CP) Downgraded by Zacks Investment Research

According to Zacks, "Shares of Canadian Pacific have outperformed its industry over the past year". Detailed results should be out on April 18.

A number of research analysts recently weighed in on CP shares. Finally, Morgan Stanley cut their target price on shares of Canadian Pacific Railway from $248.00 to $243.00 and set an "overweight" rating for the company in a research note on Friday, April 6th. Cowen lifted their price target on shares of Canadian Pacific Railway from $184.00 to $207.00 and gave the company an "outperform" rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company. Canadian Pacific Railway has an average rating of Buy and a consensus price target of C$255.42. Susquehanna maintained Canadian Pacific Railway Limited (NYSE:CP) rating on Monday, April 2. Egerton Capital UK LLP now owns 1,535,632 shares of the transportation company's stock worth $280,652,000 after purchasing an additional 419,905 shares during the last quarter. The firm has a market cap of $25,844.47, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.51 and a beta of 1.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.57. Canadian Pacific Railway has a 1-year low of $150.91 and a 1-year high of $188.80.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $2.70 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.54. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.67 billion.

Canadian Pacific Railway stock opened at C$223.48 on Friday.

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. Desjardins also issued estimates for Canadian Pacific Railway's Q3 2018 earnings at $3.39 EPS, Q4 2018 earnings at $3.71 EPS, FY2018 earnings at $12.95 EPS and FY2019 earnings at $14.49 EPS. Shareholders of record on Friday, March 23rd will be given a $0.5625 dividend. The firm has "Buy" rating given on Thursday, March 8 by Credit Suisse. This represents a $1.79 annualized dividend and a yield of 1.01%. CIBC boosted their price target on Canadian Pacific Railway from C$233.00 to C$255.00 in a report on Thursday, January 4th.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase boosted their price target on Canadian Pacific Railway from C$272.00 to C$276.00 in a report on Thursday, January 11th. Tyers Asset Management LLC bought a new stake in Canadian Pacific Railway Limited during the fourth quarter worth approximately $204,000. WCM Investment Management CA boosted its holdings in Canadian Pacific Railway by 6.0% during the fourth quarter. Jones Collombin Investment Counsel Inc increased its position in Canadian Pacific Railway by 46.7% during the fourth quarter. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $3.15 per share for the quarter, up from their previous forecast of $3.08.