Canadian Pacific Railway (TSE: CP) (NYSE: CP) The price target was lowered from C $ 516.00 to C $ 480.00 by equity analysts at Scotiabank in a research report released to customers and investors on Wednesday, reports BayStreet.CA. Scotiabank’s price target would mean a potential 7.21% gain over the company’s current price.
Several other stock analysts recently released reports on the stock. The Royal Bank of Canada confirmed an “outperform” rating and set a price target of CAD 587.00 for shares in the Canadian Pacific Railway in a research report on Tuesday. National Bankshares upgraded the Canadian Pacific Railway from a “Sector Performance” rating to an “Outperform” rating and its price target for the company from C $ 490.00 to 515.00 in a research note on Wednesday March 31st C $ raised. Raymond James raised his price target for the Canadian Pacific Railway from C $ 485.00 to C $ 500.00 and rated the company as “Outperform” in a research note on Monday March 22nd. Desjardins upgraded the Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Thursday, January 28th. Finally, JPMorgan Chase & Co. raised its target price on shares in the Canadian Pacific Railway from C $ 495.00 to C $ 517.00 and rated the stock “na” in a report on Thursday, April 8th. Two research analysts have given the share a hold rating and four have given it a buy rating. The stock currently has an average rating of “Buy” and a consensus target of $ 489.42.
Canadian Pacific Railway shares opened Wednesday at $ 447.71. The Canadian Pacific Railway has a 12-month low of $ 302.33 and a 12-month high of $ 489.37. The company has a current rate of 0.50, a quick rate of 0.37, and a leverage ratio of 137.75. The company has a 50 day simple moving average of $ 465.83 and a 200 day simple moving average of $ 443.01. The stock has a market capitalization of $ 59.68 billion and a P / E of 24.91.
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The Canadian Pacific Railway (TSE: CP) (NYSE: CP) last announced its quarterly results on Wednesday, January 27th. The company reported earnings per share for the quarter of $ 5.06, beating analysts’ consensus estimate of $ 4.95 by $ 0.11. The company posted revenue of $ 2.01 billion for the quarter, compared to the consensus estimate of $ 2.08 billion. As a group, sell-side analysts predict that Canadian Pacific Railway will achieve earnings per share of 16,3500007 for the current fiscal year.
Profile of the Canadian Pacific Railway Company
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental rail freight company in Canada and the United States. The company transports bulk goods such as grain, coal, potash, fertilizers and sulfur. and cargo freight such as energy, chemicals and plastics, metals, minerals, and consumer, automotive and forestry products.
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