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.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be paid a $0.5625 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.25 dividend on an annualized basis and a yield of 0.98%. Canadian Pacific Railway’s payout ratio is currently 17.28%.

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.

COPYRIGHT VIOLATION WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/14/canadian-pacific-railway-cp-price-target-raised-to-c244-00-at-national-bank-financial.html.

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.

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

Receive News & Stock 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 stocks with our FREE daily email newsletter.