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

Canadian Pacific Railway Limited (TSE:CP – Get Rating) (NYSE:CP) has been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$99.27.

CP has been the subject of several recent analyst reports. Atlantic Securities decreased 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 report on Tuesday, June 28th. CIBC raised their target price on shares of Canadian Pacific Railway from C$106.00 to C$110.00 and gave the stock an “outperform” rating in a report on Friday, July 29th. Evercore ISI reiterated an “outperform” rating and issued a C$102.00 target price on shares of Canadian Pacific Railway in a report on Tuesday, July 12th. Raymond James set a C$100.00 target price on shares of Canadian Pacific Railway and gave the stock a “market perform” rating in a report on Thursday, April 28th. Finally, National Bankshares raised their target price on shares of Canadian Pacific Railway from C$93.00 to C$98.00 and gave the stock a “sector perform” rating in a report on Friday, July 29th.

Canadian Pacific Railway Stock Performance

TSE:CP opened at C$99.83 on Thursday. Canadian Pacific Railway has a twelve month low of C$82.12 and a twelve month high of C$105.46. The company has a 50-day moving average of C$92.87 and a 200-day moving average of C$93.99. The firm has a market cap of C$92.83 billion and a price-to-earnings ratio of 25.53. The company has a current ratio of 0.44, a quick ratio of 0.28 and a debt-to-equity ratio of 58.68.

Canadian Pacific Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, September 29th. Canadian Pacific Railway’s payout ratio is presently 19.44%.

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.