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.
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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