Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target upped by TD Securities from C$335.00 to C$355.00 in a report released on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Several other brokerages also recently issued reports on CP. Raymond James downgraded shares of RioCan Real Estate Investment Trust to a hold rating in a research note on Monday, July 15th. Royal Bank of Canada reiterated a hold rating and issued a $136.00 target price on shares of Continental in a research note on Wednesday, July 17th. CIBC cut their target price on shares of NFI Group from C$45.00 to C$41.00 in a research note on Wednesday, July 17th. JPMorgan Chase & Co. upgraded shares of M.D.C. from an underweight rating to a neutral rating in a research note on Monday, July 8th. Finally, Morgan Stanley raised their target price on shares of Canadian Pacific Railway from C$272.00 to C$277.00 in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of C$331.80.
Shares of TSE:CP opened at C$310.77 on Thursday. Canadian Pacific Railway has a 52-week low of C$228.35 and a 52-week high of C$323.71. The firm has a market cap of $44.63 billion and a P/E ratio of 18.91. The firm has a 50-day moving average price of C$310.34. The company has a debt-to-equity ratio of 124.55, a current ratio of 0.67 and a quick ratio of 0.50.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last issued its earnings results on Tuesday, April 23rd. The company reported C$2.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.99 by C($0.20). The company had revenue of C$1.77 billion for the quarter, compared to analyst estimates of C$1.76 billion. Equities research analysts anticipate that Canadian Pacific Railway will post 16.3500012 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a $0.83 dividend. The ex-dividend date is Thursday, September 26th. This represents a $3.32 annualized dividend and a yield of 1.07%. Canadian Pacific Railway’s dividend payout ratio is currently 20.20%.
In other Canadian Pacific Railway news, Senior Officer John Kenneth Brooks sold 900 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of C$312.03, for a total value of C$280,823.40.
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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.
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