Canadian Pacific Railway (CP) Given New C$244.00 Price Target at National Bank Financial

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target hoisted by National Bank Financial from C$226.00 to C$244.00 in a research report sent to investors on Wednesday. The firm currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q4 2017 earnings at $3.26 EPS, Q1 2018 earnings at $2.96 EPS, Q2 2018 earnings at $3.15 EPS, Q3 2018 earnings at $3.02 EPS, Q4 2018 earnings at $3.51 EPS, FY2018 earnings at $12.64 EPS and FY2019 earnings at $13.57 EPS.

A number of other research firms have also issued reports on CP. Scotiabank upped their target price on shares of 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. BMO Capital Markets upped their target price on shares of Canadian Pacific Railway from C$245.00 to C$250.00 in a report on Friday, December 1st. Raymond James Financial upped their target price on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a report on Thursday, October 19th. CIBC upped their target price on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a report on Tuesday, September 26th. Finally, Desjardins upped their target price on shares of 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Canadian Pacific Railway has an average rating of Buy and an average target price of C$232.58.

Canadian Pacific Railway (CP) opened at C$230.05 on Wednesday. Canadian Pacific Railway has a 1-year low of C$188.36 and a 1-year high of C$232.31.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.5625 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.25 annualized dividend and a dividend yield of 0.98%. Canadian Pacific Railway’s payout ratio is currently 17.28%.

In other news, insider John Kenneth Brooks sold 600 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$229.35, for a total transaction of C$137,610.00.

TRADEMARK VIOLATION NOTICE: “Canadian Pacific Railway (CP) Given New C$244.00 Price Target at National Bank Financial” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/17/canadian-pacific-railway-cp-given-new-c244-00-price-target-at-national-bank-financial.html.

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)

What are top analysts saying about Canadian Pacific Railway? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Canadian Pacific Railway and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit