JCIC Asset Management Inc. bought a new stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) during the second quarter, HoldingsChannel reports. The institutional investor bought 6,040 shares of the transportation company’s stock, valued at approximately $1,108,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Canadian Pacific Railway in the 2nd quarter valued at approximately $103,000. Signaturefd LLC acquired a new stake in shares of Canadian Pacific Railway in the 1st quarter valued at approximately $116,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Canadian Pacific Railway in the 1st quarter valued at approximately $175,000. Credit Agricole S A acquired a new stake in shares of Canadian Pacific Railway in the 1st quarter valued at approximately $200,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Canadian Pacific Railway in the 2nd quarter valued at approximately $210,000. Institutional investors own 68.63% of the company’s stock.
Shares of CP opened at $201.80 on Monday. The company has a market cap of $28.89 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. Canadian Pacific Railway Limited has a twelve month low of $150.91 and a twelve month high of $205.57. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.48.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 18th. The transportation company reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.76. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Canadian Pacific Railway had a net margin of 33.92% and a return on equity of 27.87%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $2.77 EPS. sell-side analysts expect that Canadian Pacific Railway Limited will post 10.16 EPS for the current fiscal year.
CP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Stifel Nicolaus reissued a “hold” rating and set a $201.00 target price on shares of Canadian Pacific Railway in a research note on Saturday, June 2nd. Deutsche Bank cut Canadian Pacific Railway to a “buy” rating in a research note on Monday, July 9th. Argus increased their target price on Canadian Pacific Railway from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, Loop Capital reissued a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $216.10.
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 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.
Featured Story: New Google Finance Tool and Screening Stocks
Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP).
Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.