Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its target price upped by Cowen from $184.00 to $207.00 in a note issued to investors on Friday, January 19th, MarketBeat.com reports. The firm currently has an “outperform” rating on the transportation company’s stock. Cowen’s price target would suggest a potential upside of 10.75% from the company’s previous close.

A number of other research analysts have also recently issued reports on the company. Argus lifted their target price on Canadian Pacific Railway from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Goldman Sachs Group initiated coverage on Canadian Pacific Railway in a research report on Monday, November 13th. They issued a “neutral” rating and a $178.00 target price on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $238.00 target price on shares of Canadian Pacific Railway in a research report on Wednesday, October 18th. Deutsche Bank initiated coverage on Canadian Pacific Railway in a research report on Wednesday, November 1st. They issued a “buy” rating and a $209.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded Canadian Pacific Railway from a “neutral” rating to an “overweight” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $190.53.

Canadian Pacific Railway (NYSE:CP) traded up $0.36 during trading on Friday, reaching $186.90. The company’s stock had a trading volume of 297,420 shares, compared to its average volume of 469,128. Canadian Pacific Railway has a 1 year low of $143.20 and a 1 year high of $187.81. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.44 and a current ratio of 0.53. The company has a market capitalization of $27,140.00, a PE ratio of 13.98, a PEG ratio of 1.55 and a beta of 1.20.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Thursday, January 18th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.57 by ($0.03). Canadian Pacific Railway had a net margin of 36.88% and a return on equity of 31.61%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. research analysts forecast that Canadian Pacific Railway will post 10.44 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. TD Asset Management Inc. boosted its stake in shares of Canadian Pacific Railway by 5.7% during the third quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock valued at $659,089,000 after purchasing an additional 213,056 shares in the last quarter. WCM Investment Management CA boosted its stake in shares of Canadian Pacific Railway by 2.1% during the third quarter. WCM Investment Management CA now owns 3,811,880 shares of the transportation company’s stock valued at $640,510,000 after purchasing an additional 78,892 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Canadian Pacific Railway by 4.7% during the second quarter. Vanguard Group Inc. now owns 3,225,817 shares of the transportation company’s stock valued at $518,743,000 after purchasing an additional 145,603 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Canadian Pacific Railway by 22.2% during the third quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock valued at $448,756,000 after purchasing an additional 486,845 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Canadian Pacific Railway by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 1,567,458 shares of the transportation company’s stock valued at $251,751,000 after purchasing an additional 75,477 shares in the last quarter. 67.27% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

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