Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price objective boosted by BMO Capital Markets from C$254.00 to C$265.00 in a report published on Thursday.
CP has been the topic of a number of other research reports. Royal Bank of Canada upped their target price on Canadian Pacific Railway from C$256.00 to C$258.00 and gave the stock an outperform rating in a report on Thursday, April 19th. Raymond James increased their target price on Canadian Pacific Railway from C$255.00 to C$260.00 in a research note on Tuesday, April 3rd. CIBC increased their target price on Canadian Pacific Railway from C$270.00 to C$280.00 in a research note on Wednesday, June 20th. National Bank Financial increased their price target on Canadian Pacific Railway from C$248.00 to C$250.00 and gave the company a sector perform rating in a report on Tuesday, March 20th. Finally, Desjardins lowered their price target on Canadian Pacific Railway from C$254.00 to C$253.00 in a report on Monday, April 16th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of C$258.00.
Shares of Canadian Pacific Railway traded up C$0.60, reaching C$240.92, during midday trading on Thursday, Marketbeat.com reports. 276,697 shares of the stock were exchanged, compared to its average volume of 359,543. Canadian Pacific Railway has a 1 year low of C$189.57 and a 1 year high of C$257.95.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, April 18th. The company reported C$2.70 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.76 by C($0.06). Canadian Pacific Railway had a return on equity of 101.93% and a net margin of 89.03%. The firm had revenue of C$1.66 billion for the quarter, compared to analysts’ expectations of C$1.68 billion.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 30th. Investors of record on Friday, June 29th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $2.25 dividend on an annualized basis and a yield of 0.93%.
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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