Barclays Capital Upgrades Canadian Pacific Railway Limited to Overweight (CP)
Canadian Pacific Railway Limited (NYSE: CP) was upgraded by equities researchers at Barclays Capital (NYSE: BCS) from an “equal weight” rating to an “overweight” rating in a report issued on Thursday. The firm currently has a $93.00 target price on the stock, up from their previous target price of $81.00.
Shares of Canadian Pacific Railway Limited traded down 0.91% during mid-day trading on Thursday, hitting $74.39. Canadian Pacific Railway Limited has a one year low of $44.74 and a one year high of $79.91. The company has a market cap of $12.715 billion and a P/E ratio of 19.20.
Canadian Pacific Railway Limited last issued its quarterly earnings data on Friday, April 20th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts predict that Canadian Pacific Railway Limited will post $1.35 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at National Bank raised their price target on shares of Canadian Pacific Railway Limited from $74.00 to $76.00 in a research note to investors on Monday, April 23rd. They now have a “sector perform” rating on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Canadian Pacific Railway Limited in a research note to investors on Monday, April 23rd. They now have a $79.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Canadian Pacific Railway Limited from $76.50 to $78.00 in a research note to investors on Monday, April 23rd.
Canadian Pacific Railway Limited (CPRL) has 14,700-mile network serving the principal business centres of Canada, from Montreal to Vancouver, British Columbia and the United States Midwest and Northeast regions.