Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price objective increased by National Bank Financial from C$332.00 to C$335.00 in a report published on Wednesday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q3 2019 earnings at $4.62 EPS, Q4 2019 earnings at $4.90 EPS, FY2019 earnings at $16.62 EPS, Q1 2020 earnings at $3.58 EPS, Q2 2020 earnings at $4.70 EPS, Q3 2020 earnings at $5.01 EPS, Q4 2020 earnings at $5.31 EPS and FY2020 earnings at $18.60 EPS.
CP has been the topic of several other reports. CIBC reduced their target price on NFI Group from C$45.00 to C$41.00 in a research note on Wednesday. Raymond James cut RioCan Real Estate Investment Trust to a hold rating in a research note on Monday, July 15th. Morgan Stanley boosted their target price on Canadian Pacific Railway from C$272.00 to C$277.00 in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised M.D.C. from an underweight rating to a neutral rating in a research note on Monday, July 8th. Finally, Royal Bank of Canada reissued a hold rating and set a $136.00 target price on shares of Continental in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$331.80.
CP opened at C$310.77 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 124.55. Canadian Pacific Railway has a 52-week low of C$228.35 and a 52-week high of C$323.71. The stock has a market capitalization of $44.63 billion and a PE ratio of 18.91. The company’s 50 day simple moving average is C$310.34.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.83 dividend. The ex-dividend date is Thursday, September 26th. This represents a $3.32 annualized dividend and a yield of 1.07%. Canadian Pacific Railway’s payout ratio is 20.20%.
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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