CIBC Increases Canadian Pacific Railway (CP) Price Target to C$270.00

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.

How to Become a New Pot Stock Millionaire

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.

COPYRIGHT VIOLATION NOTICE: “CIBC Increases Canadian Pacific Railway (CP) Price Target to C$270.00” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/04/22/cibc-increases-canadian-pacific-railway-cp-price-target-to-c270-00.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 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)

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