Nomura Asset Management Co. Ltd. bought a new position in shares of Canadian Pacific Railway Limited (NYSE: CP – Get a rating) (TSE:CP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 49,638 shares of the transportation company, valued at approximately $3,571,000.
Other hedge funds and other institutional investors have also been buying and selling shares of the company recently. Capital Investment Advisory Services LLC increased its holdings in Canadian Pacific Railway by 9.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 17,880 shares of the transportation company valued at $1,286,000 after purchasing an additional 1,519 shares during the period. Atlas Capital Advisors LLC raised its position in Canadian Pacific Railway stocks by 2,857.0% in the fourth quarter. Atlas Capital Advisors LLC now owns 2,957 shares of the transportation company worth $213,000 after buying 2,857 additional shares last quarter. Centaurus Financial Inc. acquired a new stake in Canadian Pacific Railway during the fourth quarter valued at $1,284,000. Qube Research & Technologies Ltd increased its position in Canadian Pacific Railway by 193.3% during the fourth quarter. Qube Research & Technologies Ltd now owns 85,585 shares of the transport company worth $6,157,000 after buying an additional 56,406 shares last quarter. Finally, Bridges Investment Management Inc. bought a new position in Canadian Pacific Railway in Q4 worth approximately $421,000. Institutional investors and hedge funds own 79.49% of the company’s shares.
CP has been the subject of several research analyst reports. Zacks Investment Research upgraded Canadian Pacific Railway shares from a “sell” rating to a “hold” rating and set a price target of $76.00 for the stock in a Monday, Feb. 21 research report . Evercore ISI began covering Canadian Pacific Railway stocks in a research report on Monday, December 20. They set an “outperformance” rating on the stock. Raymond James downgraded Canadian Pacific Railway shares from an “outperforming” rating to a “market performing” rating in a Wednesday, March 9 research report. Susquehanna raised its price target on Canadian Pacific Railway from $89.00 to $96.00 and gave the company a “positive” rating in a research report on Thursday. Finally, Scotiabank raised its price target on Canadian Pacific Railway from C$105.00 to C$106.00 in a Wednesday, April 6 research report. Eight equity research analysts gave the stock a hold rating and fifteen gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $93.33.
CP opened at $75.07 on Monday. The company has a quick ratio of 0.35, a current ratio of 0.43 and a leverage ratio of 0.55. Canadian Pacific Railway Limited has a 52 week minimum of $64.37 and a 52 week maximum of $84.22. The stock has a market capitalization of $69.79 billion, a PE ratio of 22.28, a PEG ratio of 2.25 and a beta of 0.93. The company has a 50-day moving average of $75.82 and a 200-day moving average of $74.01.
Canadian Pacific Railway (NYSE: CP – Get a rating) (TSE:CP) last released its quarterly earnings data on Thursday, January 27. The transportation company reported earnings per share (EPS) of $0.75 for the quarter, missing analyst consensus estimates of $0.76 per ($0.01). Canadian Pacific Railway had a return on equity of 17.05% and a net margin of 35.84%. The company posted revenue of $2.04 billion in the quarter, versus a consensus estimate of $2.02 billion. In the same quarter last year, the company posted EPS of $0.78. Canadian Pacific Railway’s revenues for the quarter increased 1.4% over the same quarter last year. Stock analysts expect Canadian Pacific Railway Limited to post an EPS of 2.97 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 25. Investors of record on Friday, March 25 will receive a dividend of $0.15 per share. This represents a dividend of $0.60 on an annualized basis and a yield of 0.80%. The ex-date of this dividend is Thursday, March 24. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 18.10%.
About Canadian Pacific Railway (Get a rating)
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company hauls bulk commodities including grain, coal, potash, fertilizers and sulphur. and cargo freight, such as energy, chemicals and plastics, metals, minerals and consumer products, automobiles and forestry.
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