Financial Advisory Service Inc. Purchases 145 Shares of Canadian Pacific Railway Limited (NYSE:CP)

Financial Advisory Service Inc. increased its stake in shares of Canadian Pacific Railway Limited (NYSE:CP – Get Rating) (TSE:CP) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,070 shares of the transportation company’s stock after purchasing an additional 145 shares during the quarter. Financial Advisory Service Inc.’s holdings in Canadian Pacific Railway were worth $253,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lindbrook Capital LLC lifted its holdings in Canadian Pacific Railway by 14.5% in the first quarter. Lindbrook Capital LLC now owns 1,286 shares of the transportation company’s stock valued at $106,000 after buying an additional 163 shares during the period. Baird Financial Group Inc. grew its position in shares of Canadian Pacific Railway by 64.4% in the 4th quarter. Baird Financial Group Inc. now owns 47,107 shares of the transportation company’s stock valued at $3,389,000 after acquiring an additional 18,457 shares during the period. Northern Trust Corp grew its position in shares of Canadian Pacific Railway by 31.0% in the 4th quarter. Northern Trust Corp now owns 2,973,028 shares of the transportation company’s stock valued at $213,879,000 after acquiring an additional 703,889 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Canadian Pacific Railway by 86.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 79,917 shares of the transportation company’s stock valued at $5,710,000 after acquiring an additional 37,043 shares during the period. Finally, abrdn plc grew its position in shares of Canadian Pacific Railway by 222.9% in the 4th quarter. abrdn plc now owns 166,279 shares of the transportation company’s stock valued at $11,962,000 after acquiring an additional 114,779 shares during the period. 75.22% of the stock is owned by institutional investors.

Canadian Pacific Railway Trading Up 3.2 %

CP opened at $76.96 on Thursday. Canadian Pacific Railway Limited has a fifty-two week low of $64.37 and a fifty-two week high of $84.22. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.44 and a quick ratio of 0.36. The firm has a market capitalization of $71.57 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 2.74 and a beta of 0.93. The company’s 50 day moving average price is $71.33 and its two-hundred day moving average price is $73.66.

Canadian Pacific Railway (NYSE:CP – Get 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 analysts’ consensus estimates of $0.57 by ($0.07). Canadian Pacific Railway had a return on equity of 11.88% and a net margin of 36.24%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year. As a group, research analysts predict that Canadian Pacific Railway Limited will post 2.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CP shares. Susquehanna cut their target price on shares of Canadian Pacific Railway from $91.00 to $84.00 in a research note on Wednesday, July 6th. Stifel Nicolaus raised their target price on shares of Canadian Pacific Railway from $78.00 to $79.00 in a research note on Friday, July 15th. Scotiabank cut shares of Canadian Pacific Railway from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, July 7th. Credit Suisse Group started coverage on shares of Canadian Pacific Railway in a research note on Monday, June 27th. They set a “neutral” rating and a $74.00 target price for the company. Finally, Wells Fargo & Company cut their target price on shares of Canadian Pacific Railway from $88.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, July 15th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Canadian Pacific Railway has an average rating of “Moderate Buy” and a consensus price target of $90.00.

About Canadian Pacific Railway

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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.