National Bank Financial Analysts Give Canadian Pacific Railway (NYSE:CP) a $328.00 Price Target

National Bank Financial set a $328.00 price target on Canadian Pacific Railway (NYSE:CP) (TSE:CP) in a research report released on Friday, TipRanks reports. The firm currently has a hold rating on the transportation company’s stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s FY2021 earnings at $15.15 EPS.

Several other equities analysts have also recently weighed in on the stock. Deutsche Bank raised their target price on shares of Canadian Pacific Railway from $230.00 to $260.00 and gave the company a buy rating in a research note on Wednesday, July 17th. Loop Capital cut shares of Canadian Pacific Railway from a buy rating to a hold rating in a research note on Wednesday, July 10th. Goldman Sachs Group started coverage on shares of Canadian Pacific Railway in a research note on Wednesday, July 10th. They issued a neutral rating and a $253.00 target price for the company. Cowen reissued a buy rating and issued a $258.00 target price on shares of Canadian Pacific Railway in a research note on Tuesday, July 16th. Finally, Credit Suisse Group raised their target price on shares of Canadian Pacific Railway from $262.00 to $275.00 and gave the company an outperform rating in a research note on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $255.80.

Shares of NYSE CP traded up $2.06 during midday trading on Friday, reaching $222.46. The company’s stock had a trading volume of 358,012 shares, compared to its average volume of 446,396. Canadian Pacific Railway has a fifty-two week low of $167.48 and a fifty-two week high of $247.52. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a 50 day simple moving average of $233.93 and a 200-day simple moving average of $226.96. The stock has a market capitalization of $30.81 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.55 and a beta of 1.09.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, July 16th. The transportation company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.19 by $1.11. Canadian Pacific Railway had a net margin of 30.40% and a return on equity of 32.03%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business earned $3.16 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, equities analysts anticipate that Canadian Pacific Railway will post 12.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a dividend of $0.634 per share. This represents a $2.54 dividend on an annualized basis and a yield of 1.14%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.62. The ex-dividend date is Thursday, September 26th. Canadian Pacific Railway’s payout ratio is 22.23%.

Hedge funds have recently added to or reduced their stakes in the business. Liberty Wealth Management LLC boosted its position in shares of Canadian Pacific Railway by 287.8% in the second quarter. Liberty Wealth Management LLC now owns 159 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 118 shares during the period. Institutional & Family Asset Management LLC boosted its position in shares of Canadian Pacific Railway by 33.3% in the second quarter. Institutional & Family Asset Management LLC now owns 240 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 60 shares during the period. Clear Perspective Advisors LLC bought a new stake in shares of Canadian Pacific Railway in the second quarter valued at about $65,000. Capital Investment Advisory Services LLC boosted its position in shares of Canadian Pacific Railway by 39.9% in the second quarter. Capital Investment Advisory Services LLC now owns 319 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 91 shares during the period. Finally, Coastal Investment Advisors Inc. boosted its position in shares of Canadian Pacific Railway by 81.5% in the second quarter. Coastal Investment Advisors Inc. now owns 343 shares of the transportation company’s stock valued at $81,000 after acquiring an additional 154 shares during the period. 68.02% of the stock is owned by hedge funds and other institutional investors.

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 (NYSE:CP)

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