Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) has received an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$334.56.
CP has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Canadian Pacific Railway from C$356.00 to C$378.00 in a report on Friday, September 13th. Raymond James downgraded shares of Canadian Pacific Railway from a “strong-buy” rating to an “outperform” rating and set a C$340.00 price objective on the stock. in a report on Monday, July 15th. TD Securities upped their price objective on shares of Canadian Pacific Railway from C$335.00 to C$355.00 and gave the company a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. upped their price objective on shares of Canadian Pacific Railway from C$345.00 to C$346.00 in a report on Friday, October 4th. Finally, BMO Capital Markets cut their price objective on shares of Canadian Pacific Railway from C$335.00 to C$330.00 in a report on Wednesday, September 25th.
In other Canadian Pacific Railway news, Senior Officer Michael Redeker sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$315.03, for a total value of C$72,456.90. Following the sale, the insider now owns 791 shares in the company, valued at approximately C$249,188.73.
Canadian Pacific Railway stock traded up C$2.38 during trading hours on Monday, reaching C$286.22. The stock had a trading volume of 252,632 shares, compared to its average volume of 304,587. The company has a market cap of $39.78 billion and a price-to-earnings ratio of 17.42. 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 business’s 50 day moving average price is C$297.37 and its 200-day moving average price is C$303.00. Canadian Pacific Railway has a 52 week low of C$228.35 and a 52 week high of C$323.71.
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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