Canadian Pacific Railway Limited Upgraded to Outperform at BMO Capital Markets (CP)
Canadian Pacific Railway Limited (TSE:CP) was upgraded by BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday. The firm currently has a C$205.00 price target on the stock, up from their previous price target of C$180.00. BMO Capital Markets’ price target points to a potential upside of 9.63% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of Canadian Pacific Railway Limited from C$192.00 to C$198.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Salman Partners raised their price target on shares of Canadian Pacific Railway Limited from C$186.00 to C$195.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Finally, analysts at FirstEnergy Capital raised their price target on shares of Canadian Pacific Railway Limited from C$165.00 to C$180.00 in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$169.35.
Canadian Pacific Railway Limited (TSE:CP) traded up 1.89% during mid-day trading on Wednesday, hitting $190.54. The stock had a trading volume of 324,161 shares. Canadian Pacific Railway Limited has a 52-week low of $120.13 and a 52-week high of $187.53. The stock has a 50-day moving average of $173.8 and a 200-day moving average of $167.1. The company has a market cap of $33.367 billion and a price-to-earnings ratio of 35.96.
Canadian Pacific Railway Limited (TSE:CP) last announced its earnings results on Wednesday, April 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.02. On average, analysts predict that Canadian Pacific Railway Limited will post $8.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.75%.
Canadian Pacific Railway Limited (TSE: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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