Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price hoisted by Morgan Stanley from C$272.00 to C$277.00 in a research note published on Wednesday, BayStreet.CA reports.
A number of other research firms also recently commented on CP. Raymond James reissued a strong-buy rating and set a C$340.00 price objective on shares of Canadian Pacific Railway in a report on Thursday, January 24th. National Bank Financial boosted their price objective on shares of Canadian Pacific Railway from C$287.00 to C$293.00 and gave the stock an outperform rating in a report on Thursday, January 24th. BMO Capital Markets boosted their price objective on shares of Canadian Pacific Railway from C$295.00 to C$315.00 in a report on Wednesday. Desjardins downgraded shares of Canadian Pacific Railway from a buy rating to a hold rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Canadian Pacific Railway from C$332.00 to C$335.00 in a report on Monday, January 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of C$302.23.
CP stock opened at C$302.96 on Wednesday. The stock has a market cap of $41.26 billion and a P/E ratio of 22.26. Canadian Pacific Railway has a 52 week low of C$226.11 and a 52 week high of C$306.13. The company has a current ratio of 0.57, a quick ratio of 0.45 and a debt-to-equity ratio of 131.04.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, January 23rd. The company reported C$4.55 EPS for the quarter, topping analysts’ consensus estimates of C$4.22 by C$0.33. The company had revenue of C$2.01 billion for the quarter, compared to analysts’ expectations of C$1.94 billion. On average, equities analysts predict that Canadian Pacific Railway will post 16.3404007896251 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 29th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, March 28th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 18.46%.
In other Canadian Pacific Railway news, Director Andrew Fitzpatrick Reardon sold 3,578 shares of the company’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of C$270.28, for a total value of C$967,073.29. Following the sale, the director now owns 151 shares of the company’s stock, valued at C$40,812.76.
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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