Canadian Pacific Railway (CP) Price Target Raised to C$248.00 at Morgan Stanley

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price upped by research analysts at Morgan Stanley from C$228.00 to C$248.00 in a research report issued on Monday. Morgan Stanley’s price target points to a potential upside of 7.70% from the stock’s previous close.

CP has been the subject of several other reports. CIBC boosted their target price on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a research report on Tuesday, September 26th. Raymond James Financial boosted their target price on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a research report on Tuesday, January 16th. TD Securities boosted their target price on shares of Canadian Pacific Railway from C$240.00 to C$250.00 and gave the company a “hold” rating in a research report on Friday. Desjardins upped their price target on shares of 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, National Bank Financial upped their price target on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Canadian Pacific Railway currently has an average rating of “Buy” and a consensus price target of C$249.54.

Shares of Canadian Pacific Railway (CP) traded down C$3.13 during midday trading on Monday, reaching C$230.27. 425,945 shares of the company traded hands, compared to its average volume of 360,540. The company has a market capitalization of $33,830.00, a price-to-earnings ratio of 13.99 and a beta of 0.84. Canadian Pacific Railway has a 12 month low of C$189.57 and a 12 month high of C$234.97.

In other news, insider John Kenneth Brooks sold 600 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$229.35, for a total value 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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