Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) had its price objective raised by equities research analysts at Raymond James Financial, Inc. from C$230.00 to C$245.00 in a research note issued to investors on Thursday. Raymond James Financial, Inc.’s price target would indicate a potential upside of 11.18% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Desjardins increased their price target on shares of Canadian Pacific Railway Limited from C$230.00 to C$254.00 and gave the stock a “buy” rating in a report on Wednesday. J P Morgan Chase & Co upped their price objective on shares of Canadian Pacific Railway Limited from C$262.00 to C$265.00 in a research note on Wednesday. TD Securities upped their price objective on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a research note on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$238.00 price objective on shares of Canadian Pacific Railway Limited in a research note on Wednesday. Finally, National Bank Financial upped their price objective on shares of Canadian Pacific Railway Limited from C$207.00 to C$226.00 and gave the company a “sector perform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$225.08.

Shares of Canadian Pacific Railway Limited (TSE CP) traded up 0.08% during mid-day trading on Thursday, reaching $220.54. 170,698 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $202.98 and a 200 day moving average price of $204.47. The firm has a market cap of $32.22 billion and a P/E ratio of 19.79. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $222.19.

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, July 19th. The company reported C$2.77 EPS for the quarter, topping the Zacks’ consensus estimate of C$2.69 by C$0.08. The firm had revenue of C$1.64 billion for the quarter, compared to analyst estimates of C$1.62 billion. Canadian Pacific Railway Limited had a net margin of 29.21% and a return on equity of 37.13%. Analysts forecast that Canadian Pacific Railway Limited will post $11.43 earnings per share for the current fiscal year.

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In other Canadian Pacific Railway Limited news, insider Laird Joseph Pitz sold 609 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total transaction of C$95,923.59. Also, insider Steven Nettleton sold 436 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total transaction of C$67,876.48. Insiders have sold a total of 1,250 shares of company stock valued at $197,881 in the last three months.

Canadian Pacific Railway Limited Company Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Analyst Recommendations for Canadian Pacific Railway Limited (TSE:CP)

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