Canadian Pacific Railway (CP) Given New C$265.00 Price Target at BMO Capital Markets

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.

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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