Canadian Pacific Railway (CP) Given Average Rating of “Buy” by Brokerages

Shares of Canadian Pacific Railway (TSE:CP) (NYSE:CP) have been assigned an average rating of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$255.42.

CP has been the subject of a number of recent analyst reports. Raymond James boosted their target price on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a report on Tuesday, January 16th. National Bank Financial boosted their target price on shares of Canadian Pacific Railway from C$244.00 to C$248.00 and gave the company a “sector perform” rating in a report on Friday, January 19th. UBS lowered their target price 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 target price on shares of Canadian Pacific Railway and gave the company an “outperform” rating in a report on Friday, January 19th. Finally, TD Securities boosted 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 research note on Friday, January 19th.

Canadian Pacific Railway traded up C$0.62, reaching C$239.08, during trading on Monday, MarketBeat Ratings reports. The company had a trading volume of 209,509 shares, compared to its average volume of 376,590. Canadian Pacific Railway has a 12-month low of C$189.57 and a 12-month high of C$241.14.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, April 18th. The company reported C$2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.76 by C($0.06). Canadian Pacific Railway had a net margin of 89.03% and a return on equity of 101.93%. The company had revenue of C$1.66 billion during the quarter, compared to analysts’ expectations of C$1.68 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 30th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $2.25 annualized dividend and a yield of 0.94%.

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.

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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