Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price objective lifted by Royal Bank of Canada from C$342.00 to C$356.00 in a research report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. BMO Capital Markets reissued a hold rating on shares of Snc-Lavalin Group in a research note on Monday, July 8th. Desjardins lowered shares of Canadian Pacific Railway from a buy rating to a hold rating in a research note on Friday, April 12th. Morgan Stanley boosted 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. Raymond James lowered shares of RioCan Real Estate Investment Trust to a hold rating in a research note on Monday, July 15th. Finally, National Bank Financial reissued a sector perform spec overwgt rating on shares of Almaden Minerals in a research note on Thursday, June 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Canadian Pacific Railway presently has an average rating of Buy and a consensus price target of C$331.80.

Canadian Pacific Railway stock opened at C$310.77 on Wednesday. The company has a debt-to-equity ratio of 124.55, a current ratio of 0.67 and a quick ratio of 0.50. The firm’s 50-day moving average price is C$310.34. The firm has a market cap of $44.63 billion and a price-to-earnings ratio of 18.91. Canadian Pacific Railway has a 52-week low of C$228.35 and a 52-week high of C$323.71.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its earnings results on Tuesday, April 23rd. The company reported C$2.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.99 by C($0.20). The business had revenue of C$1.77 billion for the quarter, compared to analysts’ expectations of C$1.76 billion. 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. Stockholders of record on Friday, September 27th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis 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%.

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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Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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