Canadian Pacific Railway (CP) Price Target Raised to C$244.00 at National Bank Financial
Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price boosted by National Bank Financial from C$226.00 to C$244.00 in a research report report published on Wednesday morning. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q4 2017 earnings at $3.26 EPS, Q1 2018 earnings at $2.96 EPS, Q2 2018 earnings at $3.15 EPS, FY2018 earnings at $12.64 EPS and FY2019 earnings at $13.57 EPS.
Several other research analysts also recently issued reports on the stock. TD Securities boosted their price objective on shares of Canadian Pacific Railway from C$220.00 to C$225.00 in a report on Wednesday, October 18th. BMO Capital Markets restated an outperform rating and set a C$238.00 price objective on shares of Canadian Pacific Railway in a report on Wednesday, October 18th. Desjardins boosted their price objective on shares of Canadian Pacific Railway from C$230.00 to C$254.00 and gave the stock a buy rating in a report on Wednesday, October 18th. J P Morgan Chase & Co boosted their price objective on shares of Canadian Pacific Railway from C$262.00 to C$265.00 in a report on Wednesday, October 18th. Finally, CIBC boosted their price objective on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a report on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Canadian Pacific Railway has an average rating of Buy and an average target price of C$232.58.
Canadian Pacific Railway (TSE:CP) traded up C$1.50 during trading on Wednesday, reaching C$230.63. 451,068 shares of the company’s stock were exchanged, compared to its average volume of 350,155. Canadian Pacific Railway has a 52-week low of C$188.36 and a 52-week high of C$232.29.
In related news, insider John Kenneth Brooks sold 600 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$229.35, for a total value of C$137,610.00.
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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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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