Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target hoisted by JPMorgan Chase & Co. from C$338.00 to C$345.00 in a research report released on Monday, BayStreet.CA reports.

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.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported C$2.79 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.99 by C($0.20). The business had revenue of C$1.77 billion for the quarter, compared to the consensus estimate of C$1.76 billion. On average, equities analysts predict that Canadian Pacific Railway will post 16.3499999 EPS for the current year.

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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Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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