Canadian Pacific Railway (TSE:CP) Downgraded to Outperform at Raymond James

Raymond James cut shares of Canadian Pacific Railway (TSE:CP) (NYSE:CP) from a strong-buy rating to an outperform rating in a report issued on Monday, BayStreet.CA reports. They currently have C$340.00 target price on the stock. Raymond James also issued estimates for Canadian Pacific Railway’s Q2 2019 earnings at $4.19 EPS, Q3 2019 earnings at $4.69 EPS, Q3 2019 earnings at $4.68 EPS, Q4 2019 earnings at $4.99 EPS, FY2019 earnings at $16.67 EPS and FY2020 earnings at $18.58 EPS.

Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada set a GBX 5,200 ($67.95) price objective on shares of London Stock Exchange Group and gave the stock a buy rating in a research report on Wednesday, April 24th. CIBC lifted their price objective on shares of Winpak from C$47.00 to C$48.00 in a research report on Wednesday, April 24th. BMO Capital Markets reiterated a hold rating on shares of Snc-Lavalin Group in a research report on Monday, July 8th. National Bank Financial reiterated a sector perform spec overwgt rating on shares of Almaden Minerals in a research report on Thursday, June 27th. Finally, JPMorgan Chase & Co. upgraded shares of M.D.C. from an underweight rating to a neutral rating in a research report on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Canadian Pacific Railway has an average rating of Buy and an average target price of C$318.83.

Canadian Pacific Railway stock opened at C$314.63 on Monday. The company has a debt-to-equity ratio of 136.62, a quick ratio of 0.61 and a current ratio of 0.76. The firm has a market capitalization of $44.63 billion and a price-to-earnings ratio of 21.98. Canadian Pacific Railway has a 1 year low of C$228.35 and a 1 year high of C$323.71. The business has a 50 day simple moving average of C$310.08.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported C$2.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.99 by C($0.20). The business had revenue of C$1.77 billion for the quarter, compared to analysts’ expectations of C$1.76 billion. Analysts predict that Canadian Pacific Railway will post 16.3500002 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, September 26th. Canadian Pacific Railway’s payout ratio is 19.42%.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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