Canadian Pacific Railway - CP Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Pacific Railway in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CP shares.
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11 Wall Street research analysts have issued twelve-month target prices for Canadian Pacific Railway's stock. Their CP share price forecasts range from C$79.00 to C$125.00. On average, they expect the company's stock price to reach C$107.50 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price.
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Canadian Pacific Railway's stock was trading at C$100.95 at the start of the year. Since then, CP stock has increased by 5.1% and is now trading at C$106.14.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our CP earnings forecast.

Canadian Pacific Railway Limited (TSE:CP) announced its earnings results on Tuesday, January, 31st. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.04. The business had revenue of $2.46 billion for the quarter, compared to analysts' expectations of $2.45 billion. Canadian Pacific Railway had a net margin of 39.90% and a trailing twelve-month return on equity of 9.67%.

Canadian Pacific Railway declared a quarterly dividend on Tuesday, January 31st. Shareholders of record on Friday, March 31st will be given a dividend of 0.19 per share on Monday, April 24th. This represents a $0.76 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for CP.

Canadian Pacific Railway (TSE:CP) pays an annual dividend of C$0.76 per share and currently has a dividend yield of 0.74%. The dividend payout ratio is 20.43%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CP.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Pacific Railway investors own include Canadian National Railway (CNR), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Enbridge (ENB), Royal Bank of Canada (RY), BCE (BCE), TC Energy (TRP), Manulife Financial (MFC), Bank of Montreal (BMO) and Suncor Energy (SU).

Canadian Pacific Railway trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CP."

Shares of CP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of CP stock can currently be purchased for approximately C$106.14.

Canadian Pacific Railway (TSE:CP) has a market capitalization of C$98.79 billion and generates C$8.81 billion in revenue each year. The company earns C$3.52 billion in net income (profit) each year or C$3.72 on an earnings per share basis.

The company employs 11,834 workers across the globe.

Canadian Pacific Railway's mailing address is 7550 Ogden Dale Rd SE, CALGARY, AB T2C 4X9, Canada. The official website for the company is www.cpr.ca. The company can be reached via phone at +1-403-31970002.