Canadian Pacific Railway (CP) PT Raised to C$265.00 at BMO Capital Markets

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price increased by research analysts at BMO Capital Markets from C$254.00 to C$265.00 in a research report issued to clients and investors on Thursday. BMO Capital Markets’ price target indicates a potential upside of 10.00% from the company’s current price.

Other research analysts also recently issued research reports about the company. CIBC increased their target price on Canadian Pacific Railway from C$263.00 to C$270.00 in a report on Thursday, April 19th. Desjardins lowered their target price on Canadian Pacific Railway from C$254.00 to C$253.00 in a report on Monday, April 16th. Raymond James increased their target price on Canadian Pacific Railway from C$255.00 to C$260.00 in a report on Tuesday, April 3rd. Royal Bank of Canada increased their target price on Canadian Pacific Railway from C$256.00 to C$258.00 and gave the company an “outperform” rating in a report on Thursday, April 19th. Finally, National Bank Financial increased their target price on Canadian Pacific Railway from C$250.00 to C$260.00 and gave the company a “sector perform” rating in a report on Thursday, June 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$258.00.

Canadian Pacific Railway opened at C$240.92 on Thursday, MarketBeat Ratings reports. Canadian Pacific Railway has a fifty-two week low of C$189.57 and a fifty-two week high of C$257.95.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, April 18th. The company reported C$2.70 earnings per share 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 firm had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.68 billion.

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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