Canadian Pacific Railway Limited Earns A- Credit Rating (CP)
Canadian Pacific Railway Limited (NYSE:CP) has earned an “A-” credit rating from Morningstar. The agency’s “A-” rating suggests that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a one star rating.
CP has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Canadian Pacific Railway Limited from $196.00 to $204.00 in a research note on Friday, July 18th. They now have an “overweight” rating on the stock. Separately, 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, July 2nd. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $182.71.
Canadian Pacific Railway Limited (NYSE:CP) opened at 205.02 on Thursday. Canadian Pacific Railway Limited has a 52-week low of $119.61 and a 52-week high of $207.22. The stock’s 50-day moving average is $194.8 and its 200-day moving average is $171.0. The company has a market cap of $35.360 billion and a price-to-earnings ratio of 38.00.
Canadian Pacific Railway Limited (NYSE:CP) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.09 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts expect that Canadian Pacific Railway Limited will post $8.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 27th. Investors of record on Friday, September 26th will be given a dividend of $0.3259 per share. This represents a $1.30 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Wednesday, September 24th.
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 more credit ratings from Morningstar, visit www.morningstar.com.
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.