Canadian Pacific Railway Limited Upgraded to Buy at Desjardins (CP)
Canadian Pacific Railway Limited (NYSE:CP) was upgraded by equities research analysts at Desjardins to a “buy” rating in a research note issued to investors on Thursday, AR Network reports.
Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at 142.99 on Thursday. Canadian Pacific Railway Limited has a 1-year low of $80.02 and a 1-year high of $139.99. The stock’s 50-day moving average is $122.0 and its 200-day moving average is $124.7. The company has a market cap of $25.041 billion and a price-to-earnings ratio of 34.75.
Canadian Pacific Railway Limited (NYSE:CP) last announced its earnings results on Wednesday, October 23rd. The company reported $1.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.74 by $0.14. The company had revenue of $1.53 billion for the quarter. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Canadian Pacific Railway Limited will post $6.18 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of Canadian Pacific Railway Limited from an “underperform” rating to a “sector perform” rating in a research note to investors on Thursday. They now have a $133.00 price target on the stock, up previously from $116.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Canadian Pacific Railway Limited in a research note to investors on Friday, October 18th. They now have a $136.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Canadian Pacific Railway Limited from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 22nd. They now have a $144.00 price target on the stock, up previously from $139.00. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $123.71.
Canadian Pacific Railway Limited (NYSE:CP) has 14,700-mile network serving the principal business centres of Canada, from Montreal to Vancouver, British Columbia and the United States Midwest and Northeast regions.
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