Canadian Pacific Railway Limited (TSE:CP) Receives Consensus Rating of “Buy” from Brokerages

Canadian Pacific Railway Limited (TSE:CPGet Rating) (NYSE:CP) has earned an average rating of “Buy” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$100.00.

A number of equities analysts have recently commented on the stock. Raymond James cut their price target on shares of Canadian Pacific Railway from C$105.00 to C$100.00 and set a “market perform” rating on the stock in a report on Friday. Susquehanna upgraded shares of Canadian Pacific Railway to a “buy” rating and set a C$87.00 price target on the stock in a report on Monday, January 3rd. Susquehanna Bancshares upgraded shares of Canadian Pacific Railway to a “buy” rating and set a C$87.00 target price on the stock in a research note on Tuesday, January 4th. JPMorgan Chase & Co. initiated coverage on shares of Canadian Pacific Railway in a research report on Thursday, March 10th. They issued a “buy” rating and a C$113.00 price target on the stock. Finally, Bank of America reissued a “hold” rating and issued a C$81.00 price target (down previously from C$85.00) on shares of Canadian Pacific Railway in a research report on Friday, April 8th.

CP opened at C$94.88 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.43 and a debt-to-equity ratio of 60.33. Canadian Pacific Railway has a 12 month low of C$82.12 and a 12 month high of C$105.46. The company has a fifty day simple moving average of C$96.97 and a 200 day simple moving average of C$94.27. The stock has a market cap of C$88.21 billion and a P/E ratio of 22.70.

Canadian Pacific Railway (TSE:CPGet Rating) (NYSE:CP) last issued its earnings results on Thursday, January 27th. The company reported C$0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.97 by C($0.02). The firm had revenue of C$2.04 billion for the quarter, compared to the consensus estimate of C$2.02 billion. On average, equities research analysts expect that Canadian Pacific Railway will post 4.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 25th. Stockholders of record on Friday, March 25th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, March 24th. Canadian Pacific Railway’s payout ratio is 18.18%.

About Canadian Pacific Railway (Get Rating)

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.

Further Reading

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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