Raymond James Analysts Give Canadian Pacific Railway (CP) a C$340.00 Price Target

Share on StockTwits

Raymond James set a C$340.00 target price on Canadian Pacific Railway (TSE:CP) (NYSE:CP) in a research report released on Friday morning. The brokerage currently has a strong-buy rating on the stock.

A number of other analysts have also recently commented on the company. National Bank Financial raised Canadian Pacific Railway from a sector perform rating to an outperform rating and set a C$303.00 price target for the company in a research note on Friday. Royal Bank of Canada upped their price target on Canadian Pacific Railway from C$329.00 to C$331.00 and gave the company an outperform rating in a research note on Friday. CIBC upped their price target on Canadian Pacific Railway from C$300.00 to C$310.00 in a research note on Tuesday, October 9th. Desjardins upped their price target on Canadian Pacific Railway from C$274.00 to C$311.00 in a research note on Tuesday, October 9th. Finally, TD Securities raised Canadian Pacific Railway from a hold rating to a buy rating and upped their price target for the company from C$290.00 to C$325.00 in a research note on Friday, October 5th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of C$288.50.

TSE:CP traded up C$0.52 on Friday, hitting C$261.11. 471,900 shares of the stock were exchanged, compared to its average volume of 336,200. Canadian Pacific Railway has a 52 week low of C$212.50 and a 52 week high of C$291.56.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Wednesday, July 18th. The company reported C$3.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$3.12 by C$0.04. The firm had revenue of C$1.75 billion during the quarter, compared to analysts’ expectations of C$1.74 billion. Canadian Pacific Railway had a return on equity of 101.93% and a net margin of 89.03%.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 29th. Investors of record on Friday, September 28th will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.56. This represents a $2.60 annualized dividend and a dividend yield of 1.00%.

In related news, insider Jeffrey Ellis sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of C$252.74, for a total value of C$25,274.00. Also, insider Laird Joseph Pitz sold 700 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of C$269.66, for a total value of C$188,762.00. Insiders sold a total of 2,264 shares of company stock valued at $605,070 over the last quarter.

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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

Further Reading: Technical Analysis of Stocks and What It Means

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Dimensional Fund Advisors LP Acquires 7,024 Shares of Total System Services, Inc.
Dimensional Fund Advisors LP Acquires 7,024 Shares of Total System Services, Inc.
F.N.B. Corp  Shares Bought by Dimensional Fund Advisors LP
F.N.B. Corp Shares Bought by Dimensional Fund Advisors LP
OneMain Holdings Inc  Shares Bought by Dimensional Fund Advisors LP
OneMain Holdings Inc Shares Bought by Dimensional Fund Advisors LP
GAM Holding AG Buys 342 Shares of IDEXX Laboratories, Inc.
GAM Holding AG Buys 342 Shares of IDEXX Laboratories, Inc.
Tapestry Inc  Shares Bought by Mirae Asset Global Investments Co. Ltd.
Tapestry Inc Shares Bought by Mirae Asset Global Investments Co. Ltd.
Brian James Harris Acquires 2,000 Shares of Summit Materials Inc  Stock
Brian James Harris Acquires 2,000 Shares of Summit Materials Inc Stock


© 2006-2018 Ticker Report