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.
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.
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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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