Canadian Pacific Railway (TSE:CP) Price Target Raised to C$330.00

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target hoisted by Desjardins from C$319.00 to C$330.00 in a research report released on Wednesday, BayStreet.CA reports. Desjardins also issued estimates for Canadian Pacific Railway’s Q2 2019 earnings at $4.20 EPS, Q3 2019 earnings at $4.65 EPS, Q4 2019 earnings at $5.01 EPS, FY2019 earnings at $16.56 EPS, FY2019 earnings at $16.72 EPS, FY2020 earnings at $18.74 EPS, FY2020 earnings at $18.60 EPS, FY2021 earnings at $20.21 EPS and FY2021 earnings at $20.46 EPS.

Several other brokerages have also recently weighed in on CP. CIBC lowered their target price on NFI Group from C$45.00 to C$41.00 in a report on Wednesday. JPMorgan Chase & Co. upgraded M.D.C. from an underweight rating to a neutral rating in a report on Monday, July 8th. Royal Bank of Canada restated a hold rating and set a $136.00 target price on shares of Continental in a report on Wednesday. Raymond James cut RioCan Real Estate Investment Trust to a hold rating in a report on Monday, July 15th. Finally, National Bank Financial lowered their target price on NFI Group from C$43.00 to C$39.00 and set an outperform rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$331.80.

CP stock opened at C$310.77 on Wednesday. The firm has a market cap of $44.63 billion and a PE ratio of 18.91. The business has a 50-day moving average price of C$310.34. Canadian Pacific Railway has a 12-month low of C$228.35 and a 12-month high of C$323.71. The company has a current ratio of 0.67, a quick ratio of 0.50 and a debt-to-equity ratio of 124.55.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.99 by C($0.20). The firm had revenue of C$1.77 billion during the quarter, compared to analyst estimates of C$1.76 billion. As a group, equities research analysts anticipate that Canadian Pacific Railway will post 16.3500012 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, September 26th. Canadian Pacific Railway’s dividend payout ratio is currently 20.20%.

Canadian Pacific Railway Company Profile

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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Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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