Zacks Reiterates Neutral on Canadian Pacific Railway Limited (CP)

By admin | 6 years ago

Canadian Pacific Railway Limited (NYSE: CP)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Thursday. They currently have a $77.00 target price on the stock.

Shares of Canadian Pacific Railway Limited opened at 75.52 on Thursday. Canadian Pacific Railway Limited has a 52 week low of $44.74 and a 52 week high of $79.91. The company has a market cap of $12.908 billion and a P/E ratio of 19.54.

Canadian Pacific Railway Limited last announced its earnings results on Friday, April 20th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.03. The company’s quarterly revenue 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.

A number of other firms have also recently commented on CP. Analysts at Citigroup (NYSE: C) upgraded shares of Canadian Pacific Railway Limited from a “neutral” rating to a “buy” rating in a research note to investors on Friday, May 18th. They now have a $90.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) upgraded shares of Canadian Pacific Railway Limited from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, May 17th. They now have a $93.00 price target on the stock, up previously from $81.00. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Canadian Pacific Railway Limited from $79.00 to $81.00 in a research note to investors on Monday, April 23rd. They now have an “equal weight” rating on the stock.

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.

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