Canadian Pacific Railway Limited’s “Neutral” Rating Reaffirmed at Zacks (CP)
Canadian Pacific Railway Limited (NYSE:CP)‘s stock had its “neutral” rating restated by Zacks in a report released on Friday. They currently have a $192.00 target price on the stock. Zacks‘s price objective would suggest a potential upside of 4.87% from the stock’s previous close.
Canadian Pacific Railway Limited (NYSE:CP) traded up 0.93% during mid-day trading on Friday, hitting $183.08. The stock had a trading volume of 331,414 shares. Canadian Pacific Railway Limited has a 52-week low of $115.54 and a 52-week high of $186.00. The stock’s 50-day moving average is $175.0 and its 200-day moving average is $157.9. The company has a market cap of $32.060 billion and a P/E ratio of 37.59.
Canadian Pacific Railway Limited (NYSE:CP) last released its earnings data on Tuesday, April 22nd. The company reported $1.44 EPS for the quarter, missing the Thomson Reuters 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.
Several other analysts have also recently commented on the stock. Analysts at CIBC upgraded shares of Canadian Pacific Railway Limited from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. Separately, 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. Finally, 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. 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. The company currently has an average rating of “Buy” and a consensus price target of $182.88.
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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.