Canadian Pacific Railway (TSE:CP) PT Lowered to C$511.00 at National Bankshares

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Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target lowered by National Bankshares from C$515.00 to C$511.00 in a research report released on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently commented on CP. Scotiabank reduced their price target on shares of Canadian Pacific Railway from C$516.00 to C$480.00 in a report on Wednesday. Desjardins upgraded shares of Canadian Pacific Railway from a hold rating to a buy rating in a report on Thursday, January 28th. Raymond James raised their price objective on shares of Canadian Pacific Railway from C$485.00 to C$500.00 and gave the company an outperform rating in a research note on Monday, March 22nd. TD Securities raised their price objective on shares of Canadian Pacific Railway from C$505.00 to C$585.00 and gave the company a tender rating in a research note on Monday, March 22nd. Finally, CIBC reaffirmed an outperform rating and issued a C$560.00 price objective on shares of Canadian Pacific Railway in a research note on Thursday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Canadian Pacific Railway presently has an average rating of Buy and a consensus target price of C$489.58.

Shares of CP traded up C$2.77 during trading hours on Thursday, hitting C$461.73. 84,313 shares of the stock were exchanged, compared to its average volume of 291,411. Canadian Pacific Railway has a fifty-two week low of C$302.33 and a fifty-two week high of C$489.37. The company has a debt-to-equity ratio of 137.75, a current ratio of 0.50 and a quick ratio of 0.37. The business has a 50-day moving average of C$465.07 and a 200-day moving average of C$443.43. The firm has a market capitalization of C$61.56 billion and a P/E ratio of 25.54.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, January 27th. The company reported C$5.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$4.95 by C$0.11. The firm had revenue of C$2.01 billion for the quarter, compared to analyst estimates of C$2.08 billion. As a group, analysts forecast that Canadian Pacific Railway will post 16.3500007 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 26th. Investors of record on Friday, June 25th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, June 24th. Canadian Pacific Railway’s payout ratio is currently 19.81%.

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.

Read More: Return on Investment (ROI)

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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