Canadian Pacific Railway (CP) Given a C$254.00 Price Target by BMO Capital Markets Analysts

Canadian Pacific Railway (TSE:CP) (NYSE:CP) has been given a C$254.00 price objective by BMO Capital Markets in a research report issued on Friday. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 11.82% from the company’s previous close.

CP has been the topic of several other research reports. TD Securities boosted their price target on Canadian Pacific Railway from C$220.00 to C$225.00 in a research report on Wednesday, October 18th. UBS Group lowered their price target on Canadian Pacific Railway from C$270.00 to C$266.00 in a research report on Friday. JPMorgan Chase & Co. boosted their price target on Canadian Pacific Railway from C$272.00 to C$276.00 in a research report on Thursday, January 11th. Desjardins boosted their price target on Canadian Pacific Railway from C$230.00 to C$254.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, CIBC boosted their price target on Canadian Pacific Railway from C$222.00 to C$233.00 in a research report on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$249.67.

Canadian Pacific Railway (TSE:CP) traded up C$1.85 during trading hours on Friday, hitting C$227.15. The company’s stock had a trading volume of 360,383 shares, compared to its average volume of 312,179. The firm has a market cap of $33,830.00, a price-to-earnings ratio of 18.47 and a beta of 0.84. Canadian Pacific Railway has a 52-week low of C$189.57 and a 52-week high of C$234.97.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Tuesday, October 17th. The company reported C$2.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.86 by C$0.04. Canadian Pacific Railway had a return on equity of 37.54% and a net margin of 31.97%.

In related news, insider John Kenneth Brooks sold 600 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$229.35, for a total transaction of C$137,610.00.

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About Canadian Pacific Railway

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 (TSE:CP)

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