Canadian Pacific Railway (CP) Given New C$263.00 Price Target at CIBC

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target raised by research analysts at CIBC from C$255.00 to C$263.00 in a report issued on Monday. CIBC’s price objective suggests a potential upside of 17.19% from the company’s current price.

Several other research firms also recently weighed in on CP. TD Securities upped their price objective on shares of Canadian Pacific Railway from C$240.00 to C$250.00 and gave the stock a “hold” rating in a report on Friday, January 19th. National Bank Financial upped their price objective on shares of Canadian Pacific Railway from C$248.00 to C$250.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 20th. UBS reduced their price objective on shares of Canadian Pacific Railway from C$270.00 to C$266.00 in a report on Friday, January 19th. BMO Capital Markets set a C$254.00 price objective on shares of Canadian Pacific Railway and gave the stock an “outperform” rating in a report on Friday, January 19th. Finally, Macquarie set a C$250.00 price objective on shares of Canadian Pacific Railway and gave the stock an “outperform” rating in a report on Friday, January 12th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$250.31.

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CP stock traded down C$2.77 during trading on Monday, hitting C$224.43. 130,362 shares of the company’s stock traded hands, compared to its average volume of 397,762. Canadian Pacific Railway has a 52 week low of C$189.57 and a 52 week high of C$240.40.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Thursday, January 18th. The company reported C$3.22 EPS for the quarter, topping the consensus estimate of C$3.20 by C$0.02. The business had revenue of C$1.71 billion during the quarter, compared to analyst estimates of C$1.71 billion. Canadian Pacific Railway had a net margin of 89.03% and a return on equity of 101.93%.

In other Canadian Pacific Railway news, insider James Dominic Luther Clements sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of C$230.21, for a total transaction of C$230,210.00.

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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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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