Canadian Pacific Railway (TSE:CP) Price Target Lowered to C$103.00 at Desjardins

Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price objective decreased by Desjardins from C$104.00 to C$103.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for Canadian Pacific Railway’s FY2021 earnings at $3.77 EPS, FY2022 earnings at $4.26 EPS and FY2023 earnings at $4.70 EPS.

Other equities research analysts also recently issued reports about the company. National Bank Financial dropped their price objective on Canadian Pacific Railway from C$98.00 to C$97.00 and set a sector perform rating on the stock in a report on Thursday, September 16th. National Bankshares dropped their price objective on Canadian Pacific Railway from C$98.00 to C$97.00 and set a sector perform rating on the stock in a report on Friday, September 17th. Sanford C. Bernstein lifted their price objective on Canadian Pacific Railway from C$102.00 to C$105.00 and gave the stock a na rating in a report on Tuesday, August 3rd. Royal Bank of Canada dropped their price objective on Canadian Pacific Railway from C$116.00 to C$115.00 and set an outperform rating on the stock in a report on Thursday. Finally, Raymond James set a C$98.00 price objective on Canadian Pacific Railway and gave the stock an outperform rating in a report on Tuesday, October 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Canadian Pacific Railway presently has a consensus rating of Buy and a consensus target price of C$179.18.

Shares of TSE:CP opened at C$94.16 on Thursday. The company has a market cap of C$62.80 billion and a P/E ratio of 20.26. The company has a debt-to-equity ratio of 110.23, a quick ratio of 0.28 and a current ratio of 0.40. Canadian Pacific Railway has a one year low of C$78.36 and a one year high of C$100.00. The business’s 50-day simple moving average is C$87.69 and its 200 day simple moving average is C$173.20.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, July 28th. The company reported C$1.03 EPS for the quarter, beating the consensus estimate of C$1.02 by C$0.01. The company had revenue of C$2.05 billion for the quarter, compared to analysts’ expectations of C$2.07 billion. Analysts predict that Canadian Pacific Railway will post 4.2399995 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Friday, December 31st will be given a $0.19 dividend. The ex-dividend date is Thursday, December 30th. This represents a $0.76 annualized dividend and a dividend yield of 0.81%. Canadian Pacific Railway’s payout ratio is 16.35%.

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.

Featured Article: Reverse Stock Split

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.