Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price raised by National Bank Financial from C$332.00 to C$335.00 in a report issued on Wednesday morning, BayStreet.CA reports. The brokerage currently has 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.
A number of other research firms have also recently commented on CP. Royal Bank of Canada reiterated a hold rating and set a $136.00 price objective on shares of Continental in a research report on Wednesday. JPMorgan Chase & Co. upgraded M.D.C. from an underweight rating to a neutral rating in a research report on Monday, July 8th. Desjardins cut Canadian Pacific Railway from a buy rating to a hold rating in a research report on Friday, April 12th. Morgan Stanley upped their price objective on Canadian Pacific Railway from C$272.00 to C$277.00 in a research report on Wednesday, April 24th. Finally, CIBC reduced their price objective on NFI Group from C$45.00 to C$41.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Canadian Pacific Railway has an average rating of Buy and an average price target of C$331.80.
Shares of TSE:CP opened at C$310.77 on Wednesday. The company has a market capitalization of $44.63 billion and a P/E ratio of 18.91. The company has a debt-to-equity ratio of 124.55, a quick ratio of 0.50 and a current ratio of 0.67. Canadian Pacific Railway has a 1 year low of C$228.35 and a 1 year high of C$323.71. The firm’s fifty day simple moving average is C$310.34.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Thursday, September 26th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 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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