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.

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