Canadian Pacific Railway Limited Given Consensus Recommendation of “Buy” by Brokerages (NYSE:CP)
Canadian Pacific Railway Limited (NYSE:CP) has been given an average rating of “Buy” by the sixteen analysts that are presently covering the stock, Stock Ratings Network.com reports. Four investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $162.70.
A number of analysts have recently weighed in on CP shares. Analysts at Credit Suisse raised their price target on shares of Canadian Pacific Railway Limited from $183.00 to $205.00 in a research note on Tuesday, May 20th. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Canadian Pacific Railway Limited in a research note on Friday, May 2nd. They now have a $190.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Canadian Pacific Railway Limited in a research note on Wednesday, April 23rd.
Canadian Pacific Railway Limited (NYSE:CP) opened at 166.89 on Wednesday. Canadian Pacific Railway Limited has a 52-week low of $113.82 and a 52-week high of $167.14. The stock has a 50-day moving average of $155.6 and a 200-day moving average of $152.5. The company has a market cap of $29.225 billion and a price-to-earnings ratio of 35.09.
Canadian Pacific Railway Limited (NYSE:CP) last released its earnings data on Tuesday, April 22nd. The company reported $1.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.50 by $0.06. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $1.24 earnings per share. Canadian Pacific Railway Limited’s revenue was up .9% compared to the same quarter last year. Analysts expect that Canadian Pacific Railway Limited will post $8.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.3171 per share. This represents a $1.27 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, June 25th.
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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