Canadian Pacific Railway Limited (CP.TO) (TSE:CP) Given New C$445.00 Price Target at Raymond James

Canadian Pacific Railway Limited (CP.TO) (TSE:CP) (NYSE:CP) had its target price increased by Raymond James from C$438.00 to C$445.00 in a report released on Wednesday morning, AnalystRatings.net reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Canadian Pacific Railway Limited (CP.TO)’s Q4 2020 earnings at $5.15 EPS, FY2020 earnings at $17.76 EPS and FY2021 earnings at $20.15 EPS.

A number of other brokerages have also recently weighed in on CP. National Bank Financial lifted their price target on shares of Canadian Pacific Railway Limited (CP.TO) from C$347.00 to C$375.00 and gave the stock a sector perform rating in a research report on Thursday, July 23rd. CIBC lifted their price target on shares of Canadian Pacific Railway Limited (CP.TO) from C$370.00 to C$410.00 in a research report on Thursday, July 23rd. Royal Bank of Canada lifted their price target on shares of Canadian Pacific Railway Limited (CP.TO) from C$401.00 to C$408.00 and gave the stock an outperform rating in a research report on Thursday, July 23rd. Benchmark lifted their price target on shares of Canadian Pacific Railway Limited (CP.TO) from C$246.00 to C$280.00 in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. set a C$483.00 price target on shares of Canadian Pacific Railway Limited (CP.TO) in a research report on Friday, October 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of C$418.54.

Shares of CP stock opened at C$413.50 on Wednesday. Canadian Pacific Railway Limited has a 52-week low of C$252.00 and a 52-week high of C$432.27. The stock has a market cap of $55.62 billion and a PE ratio of 24.43. The company has a debt-to-equity ratio of 127.90, a quick ratio of 0.63 and a current ratio of 0.81. The firm’s 50 day moving average price is C$403.15 and its two-hundred day moving average price is C$361.64.

Canadian Pacific Railway Limited (CP.TO) (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported C$4.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$3.73 by C$0.34. The firm had revenue of C$1.79 billion for the quarter, compared to the consensus estimate of C$1.76 billion. As a group, sell-side analysts predict that Canadian Pacific Railway Limited will post 16.5659715 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 25th. Investors of record on Thursday, December 31st will be given a $0.95 dividend. The ex-dividend date of this dividend is Wednesday, December 30th. This represents a $3.80 annualized dividend and a yield of 0.92%. Canadian Pacific Railway Limited (CP.TO)’s dividend payout ratio is currently 20.32%.

Canadian Pacific Railway Limited (CP.TO) 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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Analyst Recommendations for Canadian Pacific Railway Limited (CP.TO) (TSE:CP)

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