Canadian Pacific Railway Ltd (TSE:CP) Receives C$301.50 Consensus Price Target from Analysts

Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) has been given an average rating of “Buy” by the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$310.45.

Several equities analysts recently weighed in on CP shares. JPMorgan Chase & Co. raised shares of M.D.C. from an “underweight” rating to a “neutral” rating in a research note on Monday, July 8th. BMO Capital Markets reissued a “hold” rating on shares of Snc-Lavalin Group in a research note on Monday, July 8th. Raymond James set a C$13.50 target price on shares of Secure Energy Services and gave the company a “strong-buy” rating in a research note on Tuesday, April 30th. CIBC raised their target price on shares of Winpak from C$47.00 to C$48.00 in a research note on Wednesday, April 24th. Finally, Morgan Stanley raised their target price on shares of Canadian Pacific Railway from C$272.00 to C$277.00 in a research note on Wednesday, April 24th.

Shares of TSE CP traded up C$1.56 during midday trading on Friday, reaching C$311.75. The company’s stock had a trading volume of 227,700 shares, compared to its average volume of 309,468. The company has a debt-to-equity ratio of 136.62, a current ratio of 0.76 and a quick ratio of 0.61. Canadian Pacific Railway has a fifty-two week low of C$228.35 and a fifty-two week high of C$318.75. The company has a market cap of $45.17 billion and a PE ratio of 21.78. The stock has a 50 day simple moving average of C$308.59.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a $0.83 dividend. The ex-dividend date is Thursday, June 27th. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.65. This represents a $3.32 annualized dividend and a dividend yield of 1.06%. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 23.20%.

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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