Canadian Pacific Railway Limited (CP.TO) Charts Showing Bearish Signals

Cornelia Mascio
Novembre 15, 2017

WCM Investment Management CA increased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,081 shares of the transportation company's stock after selling 1,541 shares during the period. Valinor Management L.P. owned 0.19% of Canadian Pacific Railway worth $42,946,000 at the end of the most recent quarter.

A number of research firms have recently issued reports on CNI. NN Investment Partners Holdings N.V. lifted its position in shares of Canadian Pacific Railway Limited by 0.8% in the 2nd quarter.

Moving average indicators are used widely for stock analysis. Bronfman E.L. Rothschild L.P. lifted its stake in Canadian National Railway by 0.9% in the second quarter. The value of the investment in (CP) increased from $1,276,000 to $1,316,000 a change of 3.1% since the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Canadian Pacific Railway Limited by 13.0% in the 2nd quarter. The value in dollars went from $448,000 to $1,552,000 a change of $1,104,000 quarter to quarter. Schaper Benz & Wise Investment Counsel Inc. Canadian Pacific Railway now has a P/E ratio of 17.86 and the market cap of the company is 25.13B. Hall Laurie J Trustee now owns 1,275 shares of the transportation company's stock worth $103,000 after buying an additional 50 shares during the last quarter. Canada Pension Plan Investment Board now owns 29,800 shares of the transportation company's stock worth $4,788,000 after purchasing an additional 100 shares during the period. The company presently has an average rating of "Hold" and an average price target of $79.67. With short interest at 676,285 and short average daily volume at 648,954, the short-interest ratio is 1.0 and the percentage of shorted shares was 0.00% on October 31. Canadian National Railway Company has a 52-week low of $62.97 and a 52-week high of $84.48.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 8th will be given a $0.3304 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.32 annualized dividend and a dividend yield of 1.65%. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 0.58. Zacks Investment Research downgraded Canadian National Railway from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 26th. They set a "buy" rating for the company.

Equity analyst Deutsche Bank AG released research on CP with an initial rating of "Buy". Argus raised the price target of the stock on October 19 changing the forecast from $180.00 to $200.00 and issued a "Buy" recommendation. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of "Buy" and an average price target of $181.77.

Other large investors have also added to or reduced their stakes in the company. The stock was sold at an average price of $149.60, for a total transaction of $2,288,880.00. Oppenheimer & Co Inc now controls 2,675 shares valued at $450,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Traders may be relying in part on technical stock analysis. The shares were sold at an average price of $143.65, for a total value of $560,235.00.

Canadian National Railway Company (NYSE:CNI) traded down $0.12 during midday trading on Tuesday, reaching $80.21.

Canadian National Railway Company is engaged in the rail and related transportation business. The Company's business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

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