Canadian Pacific Railway (CP) Given New C$250.00 Price Target at BMO Capital Markets

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target lifted by BMO Capital Markets from C$245.00 to C$250.00 in a research note issued to investors on Friday.

Several other research firms have also issued reports on CP. Raymond James Financial upped their price target on Canadian Pacific Railway from C$230.00 to C$245.00 in a research report on Thursday, October 19th. Desjardins upped their price target on Canadian Pacific Railway from C$230.00 to C$254.00 and gave the company a buy rating in a research report on Wednesday, October 18th. J P Morgan Chase & Co upped their price target on Canadian Pacific Railway from C$262.00 to C$265.00 in a research report on Wednesday, October 18th. TD Securities upped their price target on Canadian Pacific Railway from C$220.00 to C$225.00 in a research report on Wednesday, October 18th. Finally, National Bank Financial increased their target price on Canadian Pacific Railway from C$207.00 to C$226.00 and gave the stock a sector perform rating in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of C$231.08.

Canadian Pacific Railway (TSE:CP) traded up C$0.05 during mid-day trading on Friday, hitting C$225.85. The company had a trading volume of 502,810 shares, compared to its average volume of 282,442. Canadian Pacific Railway has a twelve month low of C$188.36 and a twelve month high of C$227.59.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be paid a $0.5625 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.25 annualized dividend and a dividend yield of 1.00%. Canadian Pacific Railway’s payout ratio is 17.28%.

In other news, insider Laird Joseph Pitz sold 609 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total value of C$95,923.59.

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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.

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