Canadian Pacific Railway (NYSE:CP) Given a $240.00 Price Target by Bank of America Analysts

Canadian Pacific Railway (NYSE:CP) (TSE:CP) received a $240.00 target price from Bank of America in a research report issued on Tuesday, TipRanks reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price indicates a potential upside of 11.11% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Loop Capital downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. TheStreet downgraded Canadian Pacific Railway from a “b+” rating to a “c” rating in a research note on Tuesday, July 16th. Deutsche Bank raised their price target on Canadian Pacific Railway from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Argus raised their price target on Canadian Pacific Railway to $265.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, UBS Group lowered their target price on Canadian Pacific Railway from $349.00 to $346.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Canadian Pacific Railway presently has an average rating of “Buy” and an average target price of $260.73.

Shares of CP stock traded up $1.95 on Tuesday, reaching $216.01. The stock had a trading volume of 449,625 shares, compared to its average volume of 446,412. The stock has a market cap of $30.10 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. Canadian Pacific Railway has a 1 year low of $167.48 and a 1 year high of $247.52. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.55 and a current ratio of 0.67. The company has a 50 day simple moving average of $229.06 and a 200 day simple moving average of $227.38.



Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $4.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.19 by $1.11. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.98 billion. Canadian Pacific Railway had a return on equity of 32.03% and a net margin of 30.40%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business posted $3.16 EPS. On average, equities research analysts anticipate that Canadian Pacific Railway will post 12.49 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of CP. Liberty Wealth Management LLC raised its holdings in Canadian Pacific Railway by 287.8% during the second quarter. Liberty Wealth Management LLC now owns 159 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 118 shares during the period. Institutional & Family Asset Management LLC raised its holdings in Canadian Pacific Railway by 33.3% during the second quarter. Institutional & Family Asset Management LLC now owns 240 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 60 shares during the period. Clear Perspective Advisors LLC bought a new stake in Canadian Pacific Railway during the second quarter valued at about $65,000. Capital Investment Advisory Services LLC raised its holdings in Canadian Pacific Railway by 39.9% during the second quarter. Capital Investment Advisory Services LLC now owns 319 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 91 shares during the period. Finally, Coastal Investment Advisors Inc. raised its holdings in Canadian Pacific Railway by 81.5% during the second quarter. Coastal Investment Advisors Inc. now owns 343 shares of the transportation company’s stock valued at $81,000 after acquiring an additional 154 shares during the period. 68.02% of the stock is currently owned by institutional investors and hedge funds.

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

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Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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