Deutsche Bank Boosts Canadian Pacific Railway (CP) Price Target to $248.00

Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its price objective raised by Deutsche Bank from $245.00 to $248.00 in a report issued on Monday morning, Marketbeat reports. They currently have a buy rating on the transportation company’s stock.

CP has been the subject of a number of other research reports. Credit Suisse Group boosted their price objective on Canadian Pacific Railway from $216.00 to $255.00 and gave the company an outperform rating in a research report on Friday, October 5th. Stephens restated a hold rating and set a $239.00 price objective on shares of Canadian Pacific Railway in a research report on Monday, October 8th. Stifel Nicolaus boosted their price objective on Canadian Pacific Railway from $207.00 to $247.00 and gave the company a hold rating in a research report on Sunday, October 7th. Cowen boosted their price objective on Canadian Pacific Railway from $225.00 to $236.00 and gave the company an outperform rating in a research report on Monday, October 8th. Finally, BMO Capital Markets restated a buy rating and set a $260.00 price objective (up previously from $242.00) on shares of Canadian Pacific Railway in a research report on Monday, October 8th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $237.15.

Shares of NYSE CP opened at $199.79 on Monday. Canadian Pacific Railway has a twelve month low of $166.36 and a twelve month high of $224.19. The company has a quick ratio of 0.58, a current ratio of 0.68 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $28.49 billion, a PE ratio of 19.45, a PEG ratio of 1.42 and a beta of 0.91.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Thursday, October 18th. The transportation company reported $4.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.16 by $0.96. Canadian Pacific Railway had a return on equity of 28.71% and a net margin of 34.07%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the business earned $2.90 EPS. The business’s quarterly revenue was up 19.0% on a year-over-year basis. On average, equities analysts forecast that Canadian Pacific Railway will post 10.82 EPS for the current year.

A number of hedge funds have recently made changes to their positions in CP. Aperio Group LLC boosted its position in Canadian Pacific Railway by 1.0% during the 2nd quarter. Aperio Group LLC now owns 58,812 shares of the transportation company’s stock worth $10,764,000 after acquiring an additional 588 shares during the period. Wells Fargo & Company MN boosted its position in Canadian Pacific Railway by 20.3% during the 2nd quarter. Wells Fargo & Company MN now owns 87,658 shares of the transportation company’s stock worth $16,043,000 after acquiring an additional 14,799 shares during the period. D.A. Davidson & CO. boosted its position in Canadian Pacific Railway by 7.0% during the 2nd quarter. D.A. Davidson & CO. now owns 4,320 shares of the transportation company’s stock worth $791,000 after acquiring an additional 282 shares during the period. Traynor Capital Management Inc. boosted its position in Canadian Pacific Railway by 16.6% during the 2nd quarter. Traynor Capital Management Inc. now owns 1,902 shares of the transportation company’s stock worth $343,000 after acquiring an additional 271 shares during the period. Finally, HL Financial Services LLC boosted its position in Canadian Pacific Railway by 20.2% during the 2nd quarter. HL Financial Services LLC now owns 1,554 shares of the transportation company’s stock worth $284,000 after acquiring an additional 261 shares during the period. Institutional investors own 67.31% of the company’s stock.

Canadian Pacific Railway Company Profile

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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