Desjardins Increases Canadian Pacific Railway Limited (CP) Price Target to C$254.00
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) had its target price increased by Desjardins from C$230.00 to C$254.00 in a report published on Wednesday. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for Canadian Pacific Railway Limited’s Q3 2017 earnings at $2.83 EPS, Q4 2017 earnings at $3.29 EPS, FY2017 earnings at $11.48 EPS, FY2018 earnings at $12.74 EPS and FY2020 earnings at $16.10 EPS.
Several other research analysts have also weighed in on the company. J P Morgan Chase & Co upped their price target on Canadian Pacific Railway Limited from C$262.00 to C$265.00 in a research report on Wednesday. TD Securities upped their price target on Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a research report on Wednesday. BMO Capital Markets reissued an outperform rating and set a C$238.00 price target on shares of Canadian Pacific Railway Limited in a research report on Wednesday. National Bank Financial upped their price target on Canadian Pacific Railway Limited from C$207.00 to C$226.00 and gave the company a sector perform rating in a research report on Wednesday. Finally, Scotiabank upped their price target on Canadian Pacific Railway Limited from C$220.00 to C$230.00 and gave the company an outperform rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of C$225.08.
Shares of Canadian Pacific Railway Limited (TSE:CP) opened at 224.16 on Wednesday. The firm has a market capitalization of $32.62 billion and a price-to-earnings ratio of 18.21. The firm has a 50-day moving average price of $204.63 and a 200-day moving average price of $204.79. Canadian Pacific Railway Limited has a 52 week low of $186.21 and a 52 week high of $225.59.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, July 19th. The company reported C$2.77 earnings per share for the quarter, beating the consensus estimate of C$2.69 by C$0.08. The firm had revenue of C$1.64 billion for the quarter, compared to analyst estimates of C$1.62 billion. Canadian Pacific Railway Limited had a return on equity of 37.54% and a net margin of 31.97%. On average, equities analysts expect that Canadian Pacific Railway Limited will post $11.43 earnings per share for the current fiscal year.
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In other news, insider Laird Joseph Pitz sold 609 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59. Also, insider Steven Nettleton sold 436 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of C$155.68, for a total value of C$67,876.48. Insiders sold 1,250 shares of company stock worth $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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