National Bank Financial Raises Canadian Pacific Railway (CP) Price Target to C$248.00

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price lifted by research analysts at National Bank Financial from C$244.00 to C$248.00 in a report issued on Friday. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 9.18% from the company’s current price.

CP has been the topic of a number of other research reports. CIBC raised their target price on Canadian Pacific Railway from C$222.00 to C$233.00 in a report on Tuesday, September 26th. Raymond James Financial raised their target price on Canadian Pacific Railway from C$245.00 to C$255.00 in a report on Tuesday. 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 report on Wednesday, October 18th. BMO Capital Markets raised their target price on Canadian Pacific Railway from C$245.00 to C$250.00 in a report on Friday, December 1st. Finally, Scotiabank raised their target price on Canadian Pacific Railway from C$220.00 to C$230.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Three equities 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 an average price target of C$249.67.

Canadian Pacific Railway (TSE CP) traded up C$1.85 during mid-day trading on Friday, hitting C$227.15. The stock had a trading volume of 360,383 shares, compared to its average volume of 312,179. Canadian Pacific Railway has a 52 week low of C$189.57 and a 52 week high of C$234.97. The company 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 posted its earnings results on Tuesday, October 17th. The company reported C$2.90 earnings per share for the quarter, beating the Zacks’ 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 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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