Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) had its price objective increased by Desjardins from C$230.00 to C$254.00 in a report published on Wednesday, October 18th. The firm currently has a buy rating on the stock. Desjardins also issued estimates for Canadian Pacific Railway Limited’s Q3 2017 earnings at $2.83 EPS, Q4 2017 earnings at $3.29 EPS, FY2017 earnings at $11.48 EPS, FY2018 earnings at $12.74 EPS and FY2020 earnings at $16.10 EPS.
A number of other brokerages also recently commented on CP. Scotiabank lifted their price target on shares of Canadian Pacific Railway Limited from C$220.00 to C$230.00 and gave the stock an outperform rating in a report on Wednesday, October 18th. CIBC boosted their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a report on Thursday, July 6th. National Bank Financial cut shares of Canadian Pacific Railway Limited from an overweight rating to a sector perform rating and reduced their price target for the company from C$219.00 to C$207.00 in a research report on Wednesday, September 13th. J P Morgan Chase & Co boosted their target price on shares of Canadian Pacific Railway Limited from C$262.00 to C$265.00 in a research report on Wednesday, October 18th. Finally, BMO Capital Markets reissued an outperform rating and set a C$238.00 target price on shares of Canadian Pacific Railway Limited in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of C$230.08.
Shares of Canadian Pacific Railway Limited (TSE CP) traded down 0.25% on Wednesday, hitting $223.51. 202,905 shares of the company were exchanged. The firm’s 50-day moving average is $206.91 and its 200-day moving average is $205.33. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $225.82. The stock has a market capitalization of $32.52 billion and a PE ratio of 18.16.
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In other Canadian Pacific Railway Limited news, insider Laird Joseph Pitz sold 609 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total transaction of C$95,923.59. Also, insider Steven Nettleton sold 436 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total transaction of C$67,876.48. Insiders sold a total of 1,250 shares of company stock valued at $197,881 over the last three months.
About Canadian Pacific Railway Limited
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.
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