Canadian Pacific Railway Limited (TSE:CP) Earns Outperform Rating from BMO Capital Markets

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP)‘s stock had its “outperform” rating reissued by analysts at BMO Capital Markets in a report issued on Thursday, November 9th. They presently have a C$245.00 price objective on the stock. BMO Capital Markets’ target price points to a potential upside of 13.79% from the stock’s previous close.

Several other analysts also recently commented on the stock. Desjardins increased their target price on shares of Canadian Pacific Railway Limited from C$230.00 to C$254.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. National Bank Financial downgraded shares of Canadian Pacific Railway Limited from an “overweight” rating to a “sector perform” rating and decreased their price objective for the stock from C$219.00 to C$207.00 in a report on Wednesday, September 13th. Scotiabank increased their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Thursday, July 20th. TD Securities increased their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a research report on Wednesday, October 18th. Finally, Raymond James Financial, Inc. raised their price objective on shares of Canadian Pacific Railway Limited from C$230.00 to C$245.00 in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$230.67.

Canadian Pacific Railway Limited (TSE:CP) traded down C$0.49 during trading hours on Thursday, hitting C$215.31. 245,400 shares of the stock were exchanged, compared to its average volume of 348,222. Canadian Pacific Railway Limited has a 12 month low of C$188.36 and a 12 month high of C$225.84.

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In other Canadian Pacific Railway Limited news, insider Laird Joseph Pitz sold 609 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total transaction of C$95,923.59.

Canadian Pacific Railway Limited Company Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Analyst Recommendations for Canadian Pacific Railway Limited (TSE:CP)

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