Canadian Pacific Railway (TSE:CP) (NYSE:CP) has been given a C$254.00 price objective by analysts at BMO Capital Markets in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 11.82% from the company’s current price.

Several other brokerages have also recently weighed in on CP. CIBC increased their price target on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a research report on Thursday, January 4th. Macquarie set a C$250.00 target price on shares of Canadian Pacific Railway and gave the stock an “outperform” rating in a research report on Friday, January 12th. National Bank Financial raised their target price on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 13th. Raymond James Financial raised their target price on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a research report on Tuesday. Finally, UBS Group dropped their target price on shares of Canadian Pacific Railway from C$270.00 to C$266.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Canadian Pacific Railway presently has an average rating of “Buy” and an average price target of C$249.67.

Shares of Canadian Pacific Railway (TSE:CP) traded up C$1.85 on Friday, reaching C$227.15. 360,383 shares of the company’s stock traded hands, compared to its average volume of 312,179. The stock has a market cap of $33,700.00, a PE ratio of 18.47 and a beta of 0.84. Canadian Pacific Railway has a fifty-two week low of C$189.57 and a fifty-two week high of C$234.97.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Tuesday, October 17th. The company reported C$2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.86 by C$0.04. Canadian Pacific Railway had a net margin of 31.97% and a return on equity of 37.54%.

In related 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 value 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.

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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