Canadian Pacific Railway Limited Upgraded by CIBC to Outperform (CP)
Canadian Pacific Railway Limited (NYSE:CP) was upgraded by analysts at CIBC from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Canadian Pacific Railway Limited from $168.00 to $196.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Buckingham Research downgraded shares of Canadian Pacific Railway Limited from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 24th. Finally, analysts at BMO Capital Markets raised their price target on shares of Canadian Pacific Railway Limited from $205.00 to $215.00 in a research note on Wednesday, June 11th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $177.88.
Shares of Canadian Pacific Railway Limited (NYSE:CP) traded up 1.76% during mid-day trading on Wednesday, hitting $183.38. 346,149 shares of the company’s stock traded hands. Canadian Pacific Railway Limited has a 52 week low of $115.54 and a 52 week high of $186.00. The stock has a 50-day moving average of $173.7 and a 200-day moving average of $157.5. The company has a market cap of $32.113 billion and a price-to-earnings ratio of 37.35.
Canadian Pacific Railway Limited (NYSE:CP) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.44 earnings per share (EPS) for the quarter, missing the 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 in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Canadian Pacific Railway Limited will post $8.52 EPS for the current fiscal year.
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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