Canadian Pacific Railway’s (CP) Buy Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their buy rating on shares of Canadian Pacific Railway (TSE:CP) (NYSE:CP) in a report issued on Monday morning, Analyst Price Targets reports. The brokerage currently has a C$116.00 target price on the stock.

Other equities research analysts also recently issued research reports about the company. Scotiabank boosted their price target on Canadian Pacific Railway from C$108.00 to C$110.00 in a research note on Friday, September 17th. National Bank Financial cut their target price on Canadian Pacific Railway from C$98.00 to C$97.00 and set a sector perform rating on the stock in a research report on Thursday, September 16th. National Bankshares lowered their price target on Canadian Pacific Railway from C$98.00 to C$97.00 and set a sector perform rating for the company in a research report on Friday, September 17th. CIBC reissued an outperform rating and set a C$106.00 price target on shares of Canadian Pacific Railway in a research report on Monday, September 13th. Finally, Raymond James restated an outperform rating and set a C$98.00 price objective on shares of Canadian Pacific Railway in a research note on Friday, July 30th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Railway currently has a consensus rating of Buy and a consensus target price of C$212.18.

CP opened at C$82.94 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.59 and a debt-to-equity ratio of 100.67. The firm has a market cap of C$55.31 billion and a price-to-earnings ratio of 17.20. Canadian Pacific Railway has a 12 month low of C$78.36 and a 12 month high of C$100.00. The stock has a fifty day moving average price of C$89.74 and a 200-day moving average price of C$219.78.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, July 28th. The company reported C$1.03 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.02 by C$0.01. The firm had revenue of C$2.05 billion for the quarter, compared to analysts’ expectations of C$2.07 billion. On average, equities research analysts forecast that Canadian Pacific Railway will post 16.2423191 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 25th. Stockholders of record on Friday, September 24th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, September 23rd. Canadian Pacific Railway’s dividend payout ratio (DPR) is 15.76%.

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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