Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price objective increased by BMO Capital Markets from C$315.00 to C$335.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. Raymond James set a C$13.50 target price on Secure Energy Services and gave the company a strong-buy rating in a research note on Tuesday, April 30th. National Bank Financial reaffirmed a sector perform spec overwgt rating on shares of Almaden Minerals in a research note on Thursday, June 27th. JPMorgan Chase & Co. raised M.D.C. from an underweight rating to a neutral rating in a research note on Monday. Royal Bank of Canada set a GBX 5,200 ($67.95) target price on London Stock Exchange Group and gave the company a buy rating in a research note on Wednesday, April 24th. Finally, Desjardins cut Canadian Pacific Railway from a buy rating to a hold rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$310.50.

Shares of CP stock opened at C$310.19 on Monday. The company’s 50-day moving average price is C$308.33. Canadian Pacific Railway has a fifty-two week low of C$228.35 and a fifty-two week high of C$318.75. The company has a market capitalization of $43.05 billion and a PE ratio of 21.67. The company has a debt-to-equity ratio of 136.62, a current ratio of 0.76 and a quick ratio of 0.61.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, April 23rd. The company reported C$2.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.99 by C($0.20). The company had revenue of C$1.77 billion during the quarter, compared to analyst estimates of C$1.76 billion. Sell-side analysts expect that Canadian Pacific Railway will post 16.3499999 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a $0.83 dividend. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, June 27th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.07%. Canadian Pacific Railway’s dividend payout ratio (DPR) is 18.17%.

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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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