Canadian Pacific Railway (CP) Price Target Raised to C$250.00

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target hoisted by investment analysts at TD Securities from C$240.00 to C$250.00 in a research note issued on Friday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 10.06% from the company’s current price.

Other analysts have also issued reports about the company. National Bank Financial raised their target price on Canadian Pacific Railway from C$226.00 to C$244.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 13th. BMO Capital Markets raised their target price on Canadian Pacific Railway from C$245.00 to C$250.00 in a research note on Friday, December 1st. Desjardins raised their target price on Canadian Pacific Railway from C$230.00 to C$254.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. CIBC raised their target price on Canadian Pacific Railway from C$233.00 to C$255.00 in a research note on Thursday, January 4th. Finally, Raymond James Financial raised their target price on Canadian Pacific Railway from C$230.00 to C$245.00 in a research note on Thursday, October 19th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$249.67.

Canadian Pacific Railway (TSE:CP) traded up C$1.85 during trading on Friday, reaching C$227.15. The company’s stock had a trading volume of 360,383 shares, compared to its average volume of 312,179. Canadian Pacific Railway has a 1 year low of C$189.57 and a 1 year high of C$234.97. The firm has a market capitalization of $33,830.00, a price-to-earnings ratio of 18.47 and a beta of 0.84.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, October 17th. The company reported C$2.90 earnings per share (EPS) for the quarter, topping the 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 Canadian Pacific Railway stock in a transaction dated Monday, December 11th. The stock was sold at an average price of C$229.35, for a total value of C$137,610.00.

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Canadian Pacific Railway 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 (TSE:CP)

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