Canadian Pacific Railway Limited (CP) Given Consensus Rating of “Buy” by Analysts

Shares of Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) have been given an average rating of “Buy” by the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$249.54.

Several research analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Canadian Pacific Railway from C$228.00 to C$248.00 in a research note on Monday, January 22nd. CIBC lifted their target price on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a research note on Thursday, January 4th. Macquarie set a C$250.00 target price on shares of Canadian Pacific Railway and gave the stock an “outperform” rating in a research note on Friday, January 12th. National Bank Financial lifted their target price on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 13th. Finally, Raymond James Financial lifted their target price on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a research note on Tuesday, January 16th.

Shares of Canadian Pacific Railway (CP) opened at C$230.17 on Wednesday. The firm has a market cap of $33,190.00, a P/E ratio of 11.41 and a beta of 0.70. Canadian Pacific Railway has a 1-year low of C$189.57 and a 1-year high of C$235.65.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Thursday, January 18th. The company reported C$3.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$3.20 by C$0.02. The firm had revenue of C$1.71 billion during the quarter, compared to analyst estimates of C$1.71 billion. Canadian Pacific Railway had a net margin of 31.97% and a return on equity of 37.54%.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 23rd will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 0.98%. Canadian Pacific Railway’s payout ratio is 10.84%.

In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the business’s stock in a transaction 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 business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of C$230.21, for a total transaction of C$230,210.00.

COPYRIGHT VIOLATION NOTICE: “Canadian Pacific Railway Limited (CP) Given Consensus Rating of “Buy” by Analysts” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/21/canadian-pacific-railway-limited-cp-given-consensus-rating-of-buy-by-analysts.html.

About Canadian Pacific Railway

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.

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply