JPMorgan Chase & Co. Raises Canadian Pacific Railway (TSE:CP) Price Target to C$345.00
A number of other research firms have also recently weighed in on CP. BMO Capital Markets raised their price objective on shares of Inflarx to $64.00 and gave the stock an outperform rating in a report on Wednesday, April 24th. National Bank Financial reaffirmed a sector perform spec overwgt rating on shares of Almaden Minerals in a report on Thursday, June 27th. Desjardins cut shares of Canadian Pacific Railway from a buy rating to a hold rating in a report on Friday, April 12th. Raymond James set a C$13.50 target price on shares of Secure Energy Services and gave the company a strong-buy rating in a report on Tuesday, April 30th. Finally, Morgan Stanley lifted their target price on shares of Canadian Pacific Railway from C$272.00 to C$277.00 in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$310.50.
CP stock opened at C$310.19 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.61 and a debt-to-equity ratio of 136.62. Canadian Pacific Railway has a twelve month low of C$228.35 and a twelve month high of C$318.75. The business’s 50 day moving average is C$308.33. The firm has a market capitalization of $43.05 billion and a PE ratio of 21.67.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.07%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, June 27th. Canadian Pacific Railway’s payout ratio is presently 18.17%.
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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