Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price objective upped by CIBC from C$263.00 to C$270.00 in a research note released on Thursday.
A number of other equities analysts also recently weighed in on CP. JPMorgan Chase upped their price target on shares of Canadian Pacific Railway from C$272.00 to C$276.00 in a research note on Thursday, January 11th. Macquarie set a C$250.00 price target on shares of Canadian Pacific Railway and gave the stock an outperform rating in a research note on Friday, January 12th. Raymond James upped their price target on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a research note on Tuesday, January 16th. National Bank Financial upped their price target on shares of Canadian Pacific Railway from C$244.00 to C$248.00 and gave the stock a sector perform rating in a research note on Friday, January 19th. Finally, UBS dropped their price target on shares of Canadian Pacific Railway from C$270.00 to C$266.00 in a research note on Friday, January 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Canadian Pacific Railway has a consensus rating of Buy and an average target price of C$255.42.
TSE CP opened at C$223.48 on Thursday. Canadian Pacific Railway has a 1-year low of C$189.57 and a 1-year high of C$240.40.
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, topping the Zacks’ consensus estimate of C$3.20 by C$0.02. Canadian Pacific Railway had a net margin of 89.03% and a return on equity of 101.93%. The business had revenue of C$1.71 billion for the quarter, compared to the consensus estimate of C$1.71 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 23rd will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, March 22nd.
In related news, insider James Dominic Luther Clements sold 1,000 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of C$230.21, for a total value of C$230,210.00.
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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 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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