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Canadian Pacific Railway (TSE:CP) Receives "Outperform" Rating from Raymond James

Last updated on Thursday, April 22, 2021 | 2021 MarketBeat

Canadian Pacific Railway (TSE:CP) (NYSE:CP)'s stock had its "outperform" rating reiterated by analysts at Raymond James in a note issued to investors on Thursday, Price Targets.com reports. They presently have a C$500.00 target price on the stock. Raymond James' target price would suggest a potential upside of 8.94% from the company's previous close.

Several other research analysts also recently weighed in on CP. TD Securities upped their target price on shares of Canadian Pacific Railway from C$505.00 to C$585.00 and gave the company a "tender" rating in a research note on Monday, March 22nd. National Bankshares reduced their target price on Canadian Pacific Railway from C$515.00 to C$511.00 and set an "outperform" rating on the stock in a report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Canadian Pacific Railway from C$495.00 to C$517.00 and gave the company a "na" rating in a report on Thursday, April 8th. CIBC reiterated an "outperform" rating and issued a C$560.00 target price on shares of Canadian Pacific Railway in a research note on Thursday. Finally, Scotiabank decreased their price objective on Canadian Pacific Railway from C$516.00 to C$480.00 in a report on Wednesday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of "Buy" and an average target price of C$489.58.

Shares of TSE:CP traded up C$14.96 on Thursday, reaching C$458.96. 458,588 shares of the company were exchanged, compared to its average volume of 293,414. The company has a 50-day moving average of C$465.44 and a 200-day moving average of C$443.23. Canadian Pacific Railway has a 1-year low of C$302.33 and a 1-year high of C$489.37. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 137.75. The firm has a market cap of C$61.18 billion and a price-to-earnings ratio of 25.58.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, January 27th. The company reported C$5.06 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of C$4.95 by C$0.11. The firm had revenue of C$2.01 billion during the quarter, compared to analysts' expectations of C$2.08 billion. As a group, analysts forecast that Canadian Pacific Railway will post 16.3500007 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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