Canadian Pacific Railway (TSE: CP) (NYSE: CP) was upgraded to an “outperform” rating by equity analysts at the Royal Bank of Canada in a research report released to clients and investors on Tuesday, reports Stock Target Advisor. The company currently has a target price of $ 587.00 on the stock. The Royal Bank of Canada’s price target would mean a potential 21.67% gain over the current price of the stock.
Several other brokers have also published reports on CP recently. Desjardins upgraded the Canadian Pacific Railway from a “Hold” rating to a “Buy” rating in a research note on Thursday, January 28th. CIBC raised its target price for the Canadian Pacific Railway from C $ 490.00 to C $ 560.00 and gave the company a “Tender” rating in a research note on Monday, March 22nd. TD Securities raised its target price for the Canadian Pacific Railway from C $ 505.00 to C $ 585.00 and gave the company a “Tender” rating in a research note on Monday, March 22nd. National Bankshares upgraded the Canadian Pacific Railway from a “Sector Performance” rating to an “Outperform” rating in a research note on Wednesday, March 31, and raised its target price for the company from C $ 490.00 to C $ 515.00 C $ raised. Finally, National Bank Financial upgraded the Canadian Pacific Railway from “sector market weight” to “outperform market weight” in a research note on Tuesday, March 30th. Two research analysts for stocks have given the stock a hold rating and four have given it a buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 490.08.
CP was trading at C $ 0.27 during Tuesday’s trading hours to hit C $ 482.44. 23,865 shares of the stock were exchanged, compared to an average volume of 288,215. The stock has a 50-day simple moving average of $ 462.99 and a 200-day simple moving average of $ 437.92. The Canadian Pacific Railway has a 12-month low of $ 302.33 and a 12-month high of $ 489.37. The stock has a market capitalization of $ 64.31 billion and a price / earnings ratio of 26.83. The company has a leverage ratio of 137.75, a current rate of 0.50, and a fast rate of 0.37.
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The Canadian Pacific Railway (TSE: CP) (NYSE: CP) last announced its quarterly earnings data on Wednesday, January 27th. The company reported earnings per share for the quarter of $ 5.06, beating Thomson Reuters’ 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. Sell-side analysts expect the Canadian Pacific Railway to achieve an EPS of 16.3500004 this year.
Via the Canadian Pacific Railway
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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