Canadian Pacific Railway (TSE:CP) (NYSE:CP)‘s stock had its “strong-buy” rating reiterated by equities research analysts at Raymond James in a research report issued on Wednesday, BayStreet.CA reports. They presently have a C$340.00 price objective on the stock. Raymond James’ price target indicates a potential upside of 13.42% from the stock’s previous close. Raymond James also issued estimates for Canadian Pacific Railway’s Q2 2019 earnings at $4.23 EPS, Q3 2019 earnings at $4.70 EPS, Q4 2019 earnings at $4.98 EPS, FY2019 earnings at $16.70 EPS and FY2020 earnings at $18.60 EPS.
CP has been the topic of several other research reports. JPMorgan Chase & Co. boosted their price target on Canadian Pacific Railway from C$332.00 to C$335.00 in a research note on Monday, January 14th. Morgan Stanley boosted their price target on Canadian Pacific Railway from C$276.00 to C$277.00 in a research note on Thursday, January 24th. CIBC upped their price objective on Canadian Pacific Railway from C$310.00 to C$315.00 in a research note on Thursday, January 24th. Royal Bank of Canada upped their price objective on Canadian Pacific Railway from C$331.00 to C$334.00 and gave the company an “outperform” rating in a research note on Thursday, January 24th. Finally, TD Securities upped their price objective on Canadian Pacific Railway from C$305.00 to C$315.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$302.23.
Shares of CP traded up C$0.63 during midday trading on Wednesday, reaching C$299.78. 199,832 shares of the company were exchanged, compared to its average volume of 318,663. The stock has a market cap of $41.84 billion and a PE ratio of 20.95. Canadian Pacific Railway has a 1-year low of C$227.53 and a 1-year high of C$306.13. The company has a debt-to-equity ratio of 136.62, a current ratio of 0.76 and a quick ratio of 0.61.
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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