Canadian Pacific Railway Limited (NYSE:CP) Shares Sold by ClariVest Asset Management LLC

ClariVest Asset Management LLC cut its stake in shares of Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP) by 9.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 54,000 shares of the transportation company’s stock after selling 5,730 shares during the period. ClariVest Asset Management LLC’s holdings in Canadian Pacific Railway were worth $4,461,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Canadian Pacific Railway by 13.9% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,101 shares of the transportation company’s stock valued at $91,000 after purchasing an additional 134 shares during the last quarter. Financial Advisory Service Inc. increased its holdings in shares of Canadian Pacific Railway by 5.0% during the 1st quarter. Financial Advisory Service Inc. now owns 3,070 shares of the transportation company’s stock valued at $253,000 after acquiring an additional 145 shares during the last quarter. Pacific Global Investment Management Co. boosted its stake in Canadian Pacific Railway by 0.6% during the 1st quarter. Pacific Global Investment Management Co. now owns 26,512 shares of the transportation company’s stock valued at $2,188,000 after purchasing an additional 153 shares during the period. Lindbrook Capital LLC boosted its stake in Canadian Pacific Railway by 14.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,286 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 163 shares during the period. Finally, Coastline Trust Co lifted its position in shares of Canadian Pacific Railway by 1.7% in the 1st quarter. Coastline Trust Co now owns 11,867 shares of the transportation company’s stock worth $979,000 after acquiring an additional 204 shares during the period. 75.22% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Railway Stock Up 3.2 %

Shares of CP stock opened at $76.96 on Thursday. The company has a 50 day simple moving average of $71.33 and a two-hundred day simple moving average of $73.66. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. The stock has a market cap of $71.57 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.74 and a beta of 0.93. Canadian Pacific Railway Limited has a 12 month low of $64.37 and a 12 month high of $84.22.

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) last posted its earnings results on Wednesday, April 27th. The transportation company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.07). The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Canadian Pacific Railway had a net margin of 36.24% and a return on equity of 11.88%. The business’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. On average, research analysts expect that Canadian Pacific Railway Limited will post 2.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America cut Canadian Pacific Railway from a “buy” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Friday, April 8th. Evercore ISI boosted their price target on Canadian Pacific Railway from $76.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, July 12th. Susquehanna lowered their target price on Canadian Pacific Railway from $91.00 to $84.00 in a research report on Wednesday, July 6th. Barclays lowered their price target on Canadian Pacific Railway from $90.00 to $86.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Finally, Scotiabank cut Canadian Pacific Railway from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, July 7th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Canadian Pacific Railway has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Canadian Pacific Railway Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Canadian Pacific Railway (NYSE:CP)

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