Canadian Pacific Railway (TSE:CP) Downgraded to Outperform at Raymond James

Raymond James lowered shares of Canadian Pacific Railway (TSE:CP) (NYSE:CP) from a strong-buy rating to an outperform rating in a report issued on Monday morning, BayStreet.CA reports. Raymond James currently has C$340.00 price objective on the stock. Raymond James also issued estimates for Canadian Pacific Railway’s Q2 2019 earnings at $4.19 EPS, Q3 2019 earnings at $4.69 EPS, Q3 2019 earnings at $4.68 EPS, Q4 2019 earnings at $4.99 EPS, FY2019 earnings at $16.67 EPS and FY2020 earnings at $18.58 EPS.

CP has been the subject of a number of other reports. CIBC lifted their price target on Winpak from C$47.00 to C$48.00 in a research note on Wednesday, April 24th. BMO Capital Markets reiterated a hold rating on shares of Snc-Lavalin Group in a research note on Monday, July 8th. Royal Bank of Canada set a GBX 5,200 ($67.95) price target on London Stock Exchange Group and gave the stock a buy rating in a research note on Wednesday, April 24th. National Bank Financial reiterated a sector perform spec overwgt rating on shares of Almaden Minerals in a research note on Thursday, June 27th. Finally, Morgan Stanley lifted their price target on Canadian Pacific Railway from C$272.00 to C$277.00 in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of C$318.83.

TSE:CP opened at C$314.63 on Monday. The firm has a market capitalization of $44.63 billion and a P/E ratio of 21.98. Canadian Pacific Railway has a one year low of C$228.35 and a one year high of C$323.71. The stock has a 50-day moving average price of C$310.08. The company has a quick ratio of 0.61, a current ratio of 0.76 and a debt-to-equity ratio of 136.62.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported C$2.79 EPS for the quarter, missing the Zacks’ consensus estimate of C$2.99 by C($0.20). The company had revenue of C$1.77 billion during the quarter, compared to analyst estimates of C$1.76 billion. As a group, analysts expect that Canadian Pacific Railway will post 16.3500002 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a $0.83 dividend. The ex-dividend date is Thursday, September 26th. This represents a $3.32 dividend on an annualized basis and a yield of 1.06%. Canadian Pacific Railway’s dividend payout ratio is currently 19.42%.

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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Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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