Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price lifted by stock analysts at TD Securities from C$240.00 to C$250.00 in a report issued on Friday, January 19th. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 9.74% from the stock’s current price.
CP has been the topic of a number of other reports. BMO Capital Markets set a C$254.00 price target on shares of Canadian Pacific Railway and gave the company an “outperform” rating in a research note on Friday, January 19th. UBS Group dropped their price objective on shares of Canadian Pacific Railway from C$270.00 to C$266.00 in a report on Friday, January 19th. JPMorgan Chase & Co. raised their price objective on shares of Canadian Pacific Railway from C$272.00 to C$276.00 in a report on Thursday, January 11th. Desjardins raised their price objective on shares of Canadian Pacific Railway from C$230.00 to C$254.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, CIBC raised their price objective on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Canadian Pacific Railway presently has an average rating of “Buy” and an average target price of C$249.54.
Canadian Pacific Railway (TSE:CP) traded up C$2.65 on Friday, hitting C$227.81. 479,139 shares of the stock were exchanged, compared to its average volume of 441,935. Canadian Pacific Railway has a one year low of C$189.57 and a one year high of C$234.97. The firm has a market cap of $33,020.00, a P/E ratio of 13.84 and a beta of 0.70.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Thursday, January 18th. The company reported C$3.22 earnings per share for the quarter, beating analysts’ consensus estimates of C$3.20 by C$0.02. Canadian Pacific Railway had a net margin of 31.97% and a return on equity of 37.54%. The company had revenue of C$1.71 billion for the quarter, compared to the consensus estimate of C$1.71 billion.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of C$229.35, for a total transaction of C$137,610.00. Also, insider James Dominic Luther Clements sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of C$230.21, for a total transaction of C$230,210.00.
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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 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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