Scotiabank Upgrades Canadian Pacific Railway (TSE:CP) to “Outperform”

Canadian Pacific Railway (TSE:CP – Get Rating) (NYSE:CP) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a report released on Wednesday, BayStreet.CA reports. The firm presently has a C$116.00 price target on the stock, up from their prior price target of C$110.00. Scotiabank’s price objective points to a potential upside of 6.13% from the company’s current price.

Several other analysts also recently weighed in on the company. CIBC dropped their price objective on Canadian Pacific Railway from C$128.00 to C$125.00 and set an “outperform” rating for the company in a research report on Wednesday, February 1st. Raymond James increased their target price on shares of Canadian Pacific Railway from C$105.00 to C$115.00 in a report on Tuesday, January 24th. Atb Cap Markets reaffirmed an “outperform” rating on shares of Canadian Pacific Railway in a report on Tuesday, December 20th. Berenberg Bank increased their price objective on shares of Canadian Pacific Railway from C$99.00 to C$110.00 in a research note on Tuesday, January 24th. Finally, Barclays boosted their target price on shares of Canadian Pacific Railway from C$115.00 to C$120.00 in a research note on Tuesday, February 7th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$107.50.

Canadian Pacific Railway Price Performance

Shares of TSE:CP opened at C$109.30 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 51.23. The stock has a market capitalization of C$101.73 billion, a PE ratio of 29.38, a PEG ratio of 2.48 and a beta of 0.84. The firm has a 50 day moving average of C$104.65 and a 200-day moving average of C$102.27. Canadian Pacific Railway has a 12 month low of C$86.42 and a 12 month high of C$111.43.

Canadian Pacific Railway (TSE:CP – Get Rating) (NYSE:CP) last announced its quarterly earnings data on Tuesday, January 31st. The company reported C$1.10 EPS for the quarter, beating the consensus estimate of C$1.06 by C$0.04. Canadian Pacific Railway had a net margin of 39.90% and a return on equity of 9.67%. The business had revenue of C$2.46 billion during the quarter, compared to the consensus estimate of C$2.45 billion. On average, equities research analysts predict that Canadian Pacific Railway will post 4.3110354 EPS for the current fiscal year.

Insider Transactions at Canadian Pacific Railway

In related news, Senior Officer Keith E. Creel sold 1,629 shares of the company’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of C$103.57, for a total transaction of C$168,713.25. Following the completion of the sale, the insider now owns 72,960 shares in the company, valued at C$7,556,365.06. Company insiders own 0.02% of the company’s stock.

About Canadian Pacific Railway

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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.