Stephens set a $236.00 price objective on Canadian Pacific Railway (NYSE:CP) (TSE:CP) in a research report sent to investors on Friday morning. The brokerage currently has a hold rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on the stock. Cowen reaffirmed a buy rating and set a $236.00 target price on shares of Canadian Pacific Railway in a report on Friday. National Bank Financial raised shares of Canadian Pacific Railway from a sector perform rating to an outperform rating in a report on Thursday. Stifel Nicolaus raised shares of Canadian Pacific Railway from a hold rating to a buy rating and set a $244.00 target price for the company in a report on Friday, October 12th. ValuEngine lowered shares of Canadian Pacific Railway from a buy rating to a hold rating in a report on Thursday, October 11th. Finally, BMO Capital Markets reaffirmed a buy rating and set a $260.00 target price (up previously from $242.00) on shares of Canadian Pacific Railway in a report on Monday, October 8th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Canadian Pacific Railway has an average rating of Buy and an average target price of $236.92.

Canadian Pacific Railway stock opened at $198.84 on Friday. Canadian Pacific Railway has a 52-week low of $166.36 and a 52-week high of $224.19. The firm has a market cap of $28.35 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.40 and a beta of 1.07. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.21.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Thursday, October 18th. The transportation company reported $4.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.16 by $0.96. Canadian Pacific Railway had a net margin of 34.07% and a return on equity of 29.29%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the firm earned $2.90 earnings per share. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. Equities research analysts anticipate that Canadian Pacific Railway will post 10.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 29th. Investors of record on Friday, September 28th will be issued a $0.4999 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.44. Canadian Pacific Railway’s dividend payout ratio is currently 22.89%.

Several institutional investors and hedge funds have recently made changes to their positions in CP. Dimensional Fund Advisors LP grew its holdings in shares of Canadian Pacific Railway by 6.2% in the first quarter. Dimensional Fund Advisors LP now owns 40,683 shares of the transportation company’s stock valued at $7,181,000 after purchasing an additional 2,382 shares during the period. United Capital Financial Advisers LLC purchased a new position in Canadian Pacific Railway during the first quarter worth about $216,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Canadian Pacific Railway by 10.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,938 shares of the transportation company’s stock worth $695,000 after buying an additional 358 shares during the period. LPL Financial LLC boosted its stake in Canadian Pacific Railway by 113.4% during the first quarter. LPL Financial LLC now owns 5,357 shares of the transportation company’s stock worth $945,000 after buying an additional 2,847 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in Canadian Pacific Railway by 14.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 119,520 shares of the transportation company’s stock worth $21,096,000 after buying an additional 14,745 shares during the period. 65.41% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Railway

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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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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