Brokerages Set Canadian Pacific Railway Limited (TSE:CP) Target Price at $216.36

Shares of Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) have been assigned a consensus recommendation of “Buy” from the seventeen research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$216.36.

Several analysts recently weighed in on the company. Scotiabank lifted their price objective on Canadian Pacific Railway Limited from C$220.00 to C$225.00 and gave the company an “outperform” rating in a report on Thursday, July 20th. Royal Bank Of Canada lifted their price objective on Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the company an “outperform” rating in a report on Thursday, July 20th. CIBC lifted their price objective on Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a report on Thursday, July 6th. Loop Capital downgraded Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Finally, TD Securities reiterated a “hold” rating and issued a C$210.00 target price on shares of Canadian Pacific Railway Limited in a research note on Thursday, April 20th.

Canadian Pacific Railway Limited (TSE CP) traded down 1.46% during mid-day trading on Friday, hitting $193.93. 587,497 shares of the stock were exchanged. The stock has a 50 day moving average of $205.02 and a 200-day moving average of $203.30. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $218.78. The stock has a market cap of $28.33 billion and a price-to-earnings ratio of 17.40.

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, July 19th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.08. Canadian Pacific Railway Limited had a return on equity of 37.13% and a net margin of 29.21%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Equities analysts predict that Canadian Pacific Railway Limited will post $11.57 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.16%.

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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 transports bulk commodities, including grain, coal, potash, fertilizers, and Sulphur; and merchandise freight, such as finished vehicles and machinery, automotive parts, chemicals and plastics, crude, and metals and minerals, as well as forest and industrial, and consumer products.

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