Canadian Pacific Railway (TSE:CP) Price Target Raised to C$517.00 at JPMorgan Chase & Co.


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Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target lifted by research analysts at JPMorgan Chase & Co. to C$517.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “na” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.49% from the stock’s current price.

Several other equities analysts have also issued reports on CP. CIBC boosted their price objective on Canadian Pacific Railway from C$490.00 to C$560.00 and gave the company a “tender” rating in a research report on Monday, March 22nd. Scotiabank increased their price objective on shares of Canadian Pacific Railway from C$480.00 to C$510.00 in a research report on Monday, March 22nd. Royal Bank of Canada raised shares of Canadian Pacific Railway to an “outperform” rating and set a C$587.00 price objective on the stock in a research report on Tuesday. Desjardins upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Thursday, January 28th. Finally, Raymond James boosted their price target on Canadian Pacific Railway from C$485.00 to C$500.00 and gave the company an “outperform” rating in a report on Monday, March 22nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$491.92.

Shares of CP traded down C$3.81 during trading hours on Thursday, reaching C$472.18. The stock had a trading volume of 27,375 shares, compared to its average volume of 287,467. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 137.75. Canadian Pacific Railway has a 52 week low of C$302.33 and a 52 week high of C$489.37. The firm has a 50-day moving average of C$463.55 and a 200 day moving average of C$438.73. The company has a market cap of C$62.95 billion and a P/E ratio of 26.27.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its earnings results 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 business had revenue of C$2.01 billion for the quarter, compared to the consensus estimate of C$2.08 billion. As a group, equities analysts expect that Canadian Pacific Railway will post 16.3500003 earnings per share for the current year.

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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