Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) had its target price upped by equities researchers at J P Morgan Chase & Co from C$262.00 to C$265.00 in a note issued to investors on Wednesday. J P Morgan Chase & Co’s price target points to a potential upside of 26.39% from the stock’s previous close.
CP has been the subject of a number of other research reports. CIBC raised their price objective on Canadian Pacific Railway Limited from C$222.00 to C$233.00 in a research report on Tuesday, September 26th. Scotiabank lowered their price objective on Canadian Pacific Railway Limited from C$225.00 to C$220.00 and set an “outperform” rating for the company in a research report on Wednesday, August 23rd. Royal Bank Of Canada raised their price objective on Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the stock an “outperform” rating in a research report on Thursday, July 20th. National Bank Financial cut Canadian Pacific Railway Limited from an “overweight” rating to a “sector perform” rating and lowered their price target for the stock from C$219.00 to C$207.00 in a research report on Wednesday, September 13th. Finally, TD Securities lifted their price target on Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a research report on Wednesday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$223.92.
Canadian Pacific Railway Limited (TSE:CP) traded up 5.23% on Wednesday, hitting $220.64. The stock had a trading volume of 834,886 shares. The company has a 50-day moving average price of $201.32 and a 200 day moving average price of $204.15. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $222.19. The firm has a market cap of $32.23 billion and a PE ratio of 19.80.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, July 19th. The company reported C$2.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$2.69 by C$0.08. The firm had revenue of C$1.64 billion during the quarter, compared to analysts’ expectations of C$1.62 billion. Canadian Pacific Railway Limited had a return on equity of 37.13% and a net margin of 29.21%. Equities analysts forecast that Canadian Pacific Railway Limited will post $11.43 earnings per share for the current fiscal year.
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In other Canadian Pacific Railway Limited news, insider Laird Joseph Pitz sold 609 shares of Canadian Pacific Railway Limited stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59. Also, insider Steven Nettleton sold 436 shares of Canadian Pacific Railway Limited stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total value of C$67,876.48. Insiders have sold a total of 1,250 shares of company stock valued at $197,881 in the last quarter.
About Canadian Pacific Railway Limited
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.
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