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.
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