Canadian Pacific Railway Limited (CP) Short Interest Update

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 1,321,193 shares, an increase of 67.5% from the May 31st total of 788,645 shares. Based on an average daily volume of 675,690 shares, the days-to-cover ratio is presently 2.0 days.

NYSE:CP opened at $183.02 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.50 and a current ratio of 0.58. Canadian Pacific Railway has a 52 week low of $150.91 and a 52 week high of $196.34. The firm has a market capitalization of $25.83 billion, a PE ratio of 20.85, a PEG ratio of 1.50 and a beta of 1.04.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 18th. The transportation company reported $2.70 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.54. Canadian Pacific Railway had a net margin of 35.18% and a return on equity of 28.51%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm posted $2.50 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts forecast that Canadian Pacific Railway will post 10.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 30th. Stockholders of record on Friday, June 29th will be paid a $0.438 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, June 28th. Canadian Pacific Railway’s dividend payout ratio is currently 22.89%.

A number of research firms recently issued reports on CP. Seaport Global Securities reiterated a “buy” rating and set a $205.00 price objective on shares of Canadian Pacific Railway in a research report on Monday, June 25th. Cowen reiterated a “buy” rating and set a $208.00 price objective on shares of Canadian Pacific Railway in a research report on Thursday, April 19th. Zacks Investment Research upgraded shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research report on Thursday, April 5th. Stifel Nicolaus reiterated a “hold” rating and set a $201.00 price objective on shares of Canadian Pacific Railway in a research report on Saturday, June 2nd. Finally, Credit Suisse Group boosted their target price on shares of Canadian Pacific Railway from $204.00 to $208.00 and gave the stock an “outperform” rating in a report on Thursday, April 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $206.62.

Large investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Canadian Pacific Railway by 10.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,938 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 358 shares during the period. 10 15 Associates Inc. lifted its position in shares of Canadian Pacific Railway by 3.5% during the 1st quarter. 10 15 Associates Inc. now owns 11,832 shares of the transportation company’s stock valued at $2,088,000 after acquiring an additional 405 shares during the period. Comerica Bank lifted its position in shares of Canadian Pacific Railway by 4.0% during the 1st quarter. Comerica Bank now owns 10,874 shares of the transportation company’s stock valued at $1,918,000 after acquiring an additional 415 shares during the period. Guggenheim Capital LLC lifted its position in shares of Canadian Pacific Railway by 8.8% during the 4th quarter. Guggenheim Capital LLC now owns 5,821 shares of the transportation company’s stock valued at $1,064,000 after acquiring an additional 470 shares during the period. Finally, BB&T Securities LLC lifted its position in shares of Canadian Pacific Railway by 6.9% during the 4th quarter. BB&T Securities LLC now owns 9,138 shares of the transportation company’s stock valued at $1,669,000 after acquiring an additional 588 shares during the period. 68.60% of the stock is currently owned by institutional investors.

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.

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