Credit Suisse Group Trims Canadian Pacific Railway (NYSE:CP) Target Price to $420.00

Last updated on Wednesday, April 28, 2021 | 2021 MarketBeat

Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its target price decreased by equities research analysts at Credit Suisse Group from $423.00 to $420.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the transportation company's stock. Credit Suisse Group's price target would indicate a potential upside of 12.15% from the company's previous close.

CP has been the subject of a number of other reports. TD Securities reduced their price objective on shares of Canadian Pacific Railway from $540.00 to $525.00 and set a "buy" rating for the company in a research note on Thursday, April 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Canadian Pacific Railway from $368.00 to $405.00 and gave the company a "buy" rating in a research note on Monday. Susquehanna Bancshares lifted their price objective on shares of Canadian Pacific Railway from $402.00 to $403.00 and gave the company a "positive" rating in a research note on Thursday, April 22nd. Wells Fargo & Company boosted their price target on shares of Canadian Pacific Railway from $401.00 to $418.00 and gave the company an "overweight" rating in a research report on Monday, March 29th. Finally, Cowen reiterated a "buy" rating on shares of Canadian Pacific Railway in a research report on Tuesday, April 20th. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has an average rating of "Buy" and a consensus price target of $434.77.

Shares of Canadian Pacific Railway stock opened at $374.50 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.51 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $371.34 and a two-hundred day moving average price of $348.25. Canadian Pacific Railway has a 1-year low of $214.54 and a 1-year high of $390.46. The company has a market cap of $49.92 billion, a P/E ratio of 29.86, a PEG ratio of 2.60 and a beta of 0.93.

Shares of Canadian Pacific Railway are scheduled to split on the morning of Monday, May 17th. The 5-1 split was announced on Wednesday, April 21st. The newly issued shares will be issued to shareholders after the market closes on Friday, May 14th.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, April 20th. The transportation company reported $4.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $1.01. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.98 billion. Canadian Pacific Railway had a return on equity of 32.77% and a net margin of 29.66%. The company's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.42 EPS. Equities research analysts forecast that Canadian Pacific Railway will post 13.57 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Huntington National Bank raised its position in shares of Canadian Pacific Railway by 72.3% during the 1st quarter. Huntington National Bank now owns 81 shares of the transportation company's stock valued at $31,000 after purchasing an additional 34 shares during the period. Perigon Wealth Management LLC purchased a new position in Canadian Pacific Railway during the fourth quarter valued at $36,000. GPS Wealth Strategies Group LLC purchased a new position in Canadian Pacific Railway during the first quarter valued at $37,000. Sowell Financial Services LLC grew its stake in Canadian Pacific Railway by 643.8% during the fourth quarter. Sowell Financial Services LLC now owns 119 shares of the transportation company's stock valued at $41,000 after acquiring an additional 103 shares in the last quarter. Finally, Montag A & Associates Inc. purchased a new position in Canadian Pacific Railway during the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

Featured Article: What is a back-end load?

Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Does a trade war provide a risk to the global economy?

7 Bellwether Stocks Signaling a Return to Normal

Bellwether stocks are considered to be leading indicators about the direction of the overall economy, a specific sector, or the broader market. They are predictive stocks in that investors can use the company’s earnings reports to gauge economic strength or weakness.

The traditional definition of bellwether stocks brings to mind established, blue-chip companies. They are the home of mature brands with consumer loyalty. These may be stocks that aren’t associated with exceptional growth; some may be dividend stocks.

But there’s something different about normal this time around. If it’s true (and I think it is) that the old rules no longer apply, investors need to change the way they think about bellwether stocks. Plus, let’s face it, many stocks that we might consider to be bellwether stocks have already had a bit of a vaccine rally. That means that the easy gains are gone.

With that in mind, we’ve put together this special presentation that highlights seven of what may be termed the new bellwether stocks. These are stocks that investors should be paying attention to as the economy continues to reopen.

One quality of many of these stocks is that they are either negative for 2021 or underperforming the broader market. And that means that they are likely to have a strong upside as the economy grows.

View the "7 Bellwether Stocks Signaling a Return to Normal".

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.