Canadian Pacific Railway Limited (CP) Price Target Raised to C$233.00 at CIBC
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) had its price objective upped by research analysts at CIBC from C$222.00 to C$233.00 in a report released on Tuesday. CIBC’s price objective indicates a potential upside of 11.80% from the company’s previous close.
A number of other research analysts also recently commented on the company. Scotiabank dropped their price target on Canadian Pacific Railway Limited from C$225.00 to C$220.00 and set an “outperform” rating for the company in a research note on Wednesday, August 23rd. Royal Bank Of Canada boosted their price target on Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th. Finally, National Bank Financial cut Canadian Pacific Railway Limited from an “overweight” rating to a “sector perform” rating and reduced their price target for the stock from C$219.00 to C$207.00 in a report on Wednesday, September 13th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Canadian Pacific Railway Limited presently has an average rating of “Buy” and a consensus target price of C$215.38.
Canadian Pacific Railway Limited (TSE:CP) traded down 0.48% during mid-day trading on Tuesday, hitting $207.41. 115,579 shares of the company traded hands. Canadian Pacific Railway Limited has a one year low of $186.21 and a one year high of $218.78. The stock has a market capitalization of $30.30 billion and a price-to-earnings ratio of 18.61. The company’s 50-day moving average is $194.15 and its 200-day moving average is $202.72.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, July 19th. The company reported C$2.77 EPS for the quarter, topping the Zacks’ consensus estimate of C$2.69 by C$0.08. Canadian Pacific Railway Limited had a net margin of 29.21% and a return on equity of 37.13%. The firm had revenue of C$1.64 billion during the quarter, compared to analysts’ expectations of C$1.62 billion. Analysts predict that Canadian Pacific Railway Limited will post $11.50 EPS for the current year.
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In other news, insider Steven Nettleton sold 436 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of C$155.68, for a total value of C$67,876.48. Also, insider Laird Joseph Pitz sold 609 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total value of C$95,923.59. Insiders sold 1,250 shares of company stock valued at $197,881 in the last 90 days.
Canadian Pacific Railway Limited 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 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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