Canadian Pacific Railway (TSE:CP) Price Target Raised to C$330.00
Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target lifted by Desjardins from C$319.00 to C$330.00 in a research note released on Wednesday, BayStreet.CA reports. Desjardins also issued estimates for Canadian Pacific Railway’s Q2 2019 earnings at $4.20 EPS, Q3 2019 earnings at $4.65 EPS, Q4 2019 earnings at $5.01 EPS, FY2019 earnings at $16.56 EPS, FY2019 earnings at $16.72 EPS, FY2020 earnings at $18.74 EPS, FY2020 earnings at $18.60 EPS, FY2021 earnings at $20.21 EPS and FY2021 earnings at $20.46 EPS.
Other analysts have also recently issued research reports about the company. Raymond James cut RioCan Real Estate Investment Trust to a hold rating in a research report on Monday, July 15th. BMO Capital Markets reaffirmed a hold rating on shares of Snc-Lavalin Group in a research report on Monday, July 8th. Royal Bank of Canada reaffirmed a hold rating and set a $136.00 price target on shares of Continental in a research report on Wednesday. JPMorgan Chase & Co. raised M.D.C. from an underweight rating to a neutral rating in a research report on Monday, July 8th. Finally, CIBC lowered their price target on NFI Group from C$45.00 to C$41.00 in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$331.80.
Shares of CP opened at C$310.77 on Wednesday. The stock’s 50-day moving average price is C$310.34. Canadian Pacific Railway has a one year low of C$228.35 and a one year high of C$323.71. The company has a current ratio of 0.67, a quick ratio of 0.50 and a debt-to-equity ratio of 124.55. The firm has a market cap of $44.63 billion and a PE ratio of 18.91.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.07%. Canadian Pacific Railway’s payout ratio is currently 20.20%.
Canadian Pacific Railway Company Profile
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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