Canadian Pacific Railway (TSE:CP – Get Rating) (NYSE:CP) had its target price lifted by investment analysts at CIBC from C$106.00 to C$110.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 8.94% from the company’s current price.
CP has been the topic of several other reports. Bank of America restated a “hold” rating and issued a C$81.00 price target (down from C$85.00) on shares of Canadian Pacific Railway in a research report on Friday, April 8th. Atlantic Securities cut their target price on shares of Canadian Pacific Railway from C$111.00 to C$106.00 and set an “overweight” rating for the company in a research note on Tuesday, June 28th. National Bankshares cut their target price on shares of Canadian Pacific Railway from C$98.00 to C$93.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 30th. Evercore ISI restated an “outperform” rating and set a C$102.00 price objective on shares of Canadian Pacific Railway in a report on Tuesday, July 12th. Finally, Raymond James set a C$100.00 price objective on Canadian Pacific Railway and gave the stock a “market perform” rating in a report on Thursday, April 28th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$99.63.
Canadian Pacific Railway Price Performance
CP opened at C$100.97 on Friday. Canadian Pacific Railway has a fifty-two week low of C$82.12 and a fifty-two week high of C$105.46. The company has a quick ratio of 0.28, a current ratio of 0.44 and a debt-to-equity ratio of 58.68. The company’s 50-day moving average price is C$92.13 and its 200 day moving average price is C$93.90. The firm has a market cap of C$93.89 billion and a price-to-earnings ratio of 25.82.
About Canadian Pacific Railway
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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