Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price objective hoisted by stock analysts at National Bank Financial from C$332.00 to C$335.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 5.81% from the company’s previous close.
Several other equities research analysts have also weighed in on the stock. Royal Bank of Canada cut their target price on shares of Turquoise Hill Resources from $3.00 to $2.00 and set a “sector perform” rating on the stock in a report on Wednesday. BMO Capital Markets restated a “hold” rating on shares of Snc-Lavalin Group in a report on Monday, July 8th. Desjardins lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Friday, April 12th. JPMorgan Chase & Co. upgraded shares of M.D.C. from an “underweight” rating to a “neutral” rating in a report on Monday, July 8th. Finally, Morgan Stanley raised their price objective on shares of Canadian Pacific Railway from C$272.00 to C$277.00 in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$315.50.
CP traded down C$5.63 during mid-day trading on Wednesday, hitting C$316.62. The stock had a trading volume of 280,047 shares, compared to its average volume of 310,603. The business’s fifty day simple moving average is C$309.57. The company has a debt-to-equity ratio of 136.62, a current ratio of 0.76 and a quick ratio of 0.61. The firm has a market cap of $45.06 billion and a price-to-earnings ratio of 22.17. Canadian Pacific Railway has a 1-year low of C$228.35 and a 1-year high of C$323.71.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its earnings results on Tuesday, April 23rd. The company reported C$2.79 earnings per share 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 the consensus estimate of C$1.76 billion. As a group, analysts forecast that Canadian Pacific Railway will post 16.3500002 earnings per share for the current year.
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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