Canadian Pacific Railway (CP) Price Target Cut to C$253.00 by Analysts at Desjardins

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price decreased by Desjardins from C$254.00 to C$253.00 in a report issued on Monday morning.

Several other equities research analysts have also issued reports on CP. CIBC lifted their price objective on Canadian Pacific Railway from C$233.00 to C$255.00 in a research note on Thursday, January 4th. JPMorgan Chase lifted their price objective on Canadian Pacific Railway from C$272.00 to C$276.00 in a research note on Thursday, January 11th. Macquarie set a C$250.00 price objective on Canadian Pacific Railway and gave the company an outperform rating in a research note on Friday, January 12th. Raymond James Financial lifted their price objective on Canadian Pacific Railway from C$245.00 to C$255.00 in a research note on Tuesday, January 16th. Finally, National Bank Financial lifted their price objective on Canadian Pacific Railway from C$244.00 to C$248.00 and gave the company a sector perform rating in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of C$252.42.

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Canadian Pacific Railway stock opened at C$226.38 on Monday. Canadian Pacific Railway has a one year low of C$189.57 and a one year high of C$240.40.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Thursday, January 18th. The company reported C$3.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$3.20 by C$0.02. The company had revenue of C$1.71 billion during the quarter, compared to analyst estimates of C$1.71 billion. Canadian Pacific Railway had a return on equity of 101.93% and a net margin of 89.03%.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be given a dividend of $0.5625 per share. The ex-dividend date is Thursday, March 22nd. This represents a $2.25 dividend on an annualized basis and a yield of 0.99%.

In other Canadian Pacific Railway news, insider James Dominic Luther Clements sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of C$230.21, for a total transaction of C$230,210.00.

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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 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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