Canadian Pacific Railway (NYSE:CP) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Canadian Pacific Railway (NYSE:CP – Get Rating) (TSE:CP) in a report released on Thursday. The brokerage issued a hold rating on the transportation company’s stock.

Several other analysts have also recently weighed in on CP. Wells Fargo & Company boosted their price objective on shares of Canadian Pacific Railway from $85.00 to $90.00 and gave the stock an overweight rating in a research note on Wednesday, February 1st. CIBC reduced their price target on Canadian Pacific Railway from C$128.00 to C$125.00 in a research report on Wednesday, February 1st. Scotiabank raised Canadian Pacific Railway from a sector perform rating to a sector outperform rating in a research note on Wednesday. Barclays lifted their price objective on Canadian Pacific Railway from $86.00 to $90.00 and gave the stock an overweight rating in a research note on Tuesday, February 7th. Finally, National Bank Financial increased their target price on shares of Canadian Pacific Railway from C$105.00 to C$106.00 in a research report on Friday, December 16th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Canadian Pacific Railway has an average rating of Moderate Buy and an average price target of $90.00.

Canadian Pacific Railway Stock Down 3.0 %

NYSE:CP opened at $77.29 on Thursday. Canadian Pacific Railway has a one year low of $65.17 and a one year high of $84.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The company has a market cap of $71.94 billion, a PE ratio of 26.84, a P/E/G ratio of 2.44 and a beta of 1.02. The firm’s 50 day simple moving average is $77.58 and its 200 day simple moving average is $75.79.

Canadian Pacific Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Stockholders of record on Friday, March 31st will be given a dividend of $0.1424 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.14. Canadian Pacific Railway’s dividend payout ratio is 19.44%.

Institutional Trading of Canadian Pacific Railway

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CP. Geneos Wealth Management Inc. grew its holdings in shares of Canadian Pacific Railway by 3.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,261 shares of the transportation company’s stock valued at $318,000 after buying an additional 130 shares during the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Canadian Pacific Railway by 1.7% in the 4th quarter. Bahl & Gaynor Inc. now owns 8,051 shares of the transportation company’s stock worth $601,000 after acquiring an additional 137 shares in the last quarter. Mitchell Capital Management Co. raised its holdings in shares of Canadian Pacific Railway by 1.1% in the fourth quarter. Mitchell Capital Management Co. now owns 13,170 shares of the transportation company’s stock valued at $982,000 after purchasing an additional 143 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Canadian Pacific Railway by 1.0% during the third quarter. Brown Advisory Inc. now owns 15,329 shares of the transportation company’s stock valued at $1,023,000 after purchasing an additional 145 shares in the last quarter. Finally, Dakota Wealth Management boosted its holdings in Canadian Pacific Railway by 0.9% during the third quarter. Dakota Wealth Management now owns 18,252 shares of the transportation company’s stock worth $1,218,000 after purchasing an additional 157 shares during the last quarter. 72.31% of the stock is owned by institutional investors.

About Canadian Pacific Railway

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Canadian Pacific Railway Ltd. operates as a holding company, which engages in the provision of rail services. It offers a suite of freight transportation services, logistics solutions and supply chain expertise. The company was founded in 1881 and is headquartered in Calgary, Canada.