Canadian Pacific Railway Ltd (TSE:CP) Receives C$334.56 Average PT from Analysts

Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$334.56.

A number of brokerages have recently issued reports on CP. JPMorgan Chase & Co. boosted their price objective on shares of Canadian Pacific Railway from C$345.00 to C$346.00 in a research report on Friday, October 4th. National Bank Financial decreased their target price on Canadian Pacific Railway from C$335.00 to C$328.00 and set a “sector perform” rating on the stock in a report on Friday, September 27th. BMO Capital Markets lowered their target price on Canadian Pacific Railway from C$335.00 to C$330.00 in a research report on Wednesday, September 25th. Royal Bank of Canada boosted their price target on Canadian Pacific Railway from C$356.00 to C$378.00 in a report on Friday, September 13th. Finally, CIBC cut their price target on Canadian Pacific Railway from C$345.00 to C$327.00 in a report on Tuesday, October 8th.

In other Canadian Pacific Railway news, Senior Officer Michael Redeker sold 6,100 shares of Canadian Pacific Railway stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of C$295.42, for a total transaction of C$1,802,090.67. Following the transaction, the insider now owns 791 shares of the company’s stock, valued at C$233,680.94.

TSE CP traded up C$9.65 during trading hours on Tuesday, hitting C$325.47. 332,188 shares of the company’s stock traded hands, compared to its average volume of 298,311. Canadian Pacific Railway has a 52 week low of C$228.35 and a 52 week high of C$325.68. The firm has a market capitalization of $44.65 billion and a P/E ratio of 19.69. The company has a current ratio of 0.57, a quick ratio of 0.44 and a debt-to-equity ratio of 129.63. The business’s fifty day moving average price is C$307.50 and its two-hundred day moving average price is C$307.05.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, October 23rd. The company reported C$4.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$4.51 by C$0.10. The business had revenue of C$1.98 billion during the quarter, compared to the consensus estimate of C$1.99 billion. On average, sell-side analysts expect that Canadian Pacific Railway will post 16.3499992 EPS for the current fiscal year.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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