Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its target price raised by BMO Capital Markets from C$245.00 to C$250.00 in a report released on Friday morning.

Other equities analysts have also recently issued reports about the company. CIBC lifted their price objective on Canadian Pacific Railway from C$222.00 to C$233.00 in a report on Tuesday, September 26th. J P Morgan Chase & Co lifted their price objective on Canadian Pacific Railway from C$262.00 to C$265.00 in a report on Wednesday, October 18th. TD Securities lifted their price objective on Canadian Pacific Railway from C$220.00 to C$225.00 in a report on Wednesday, October 18th. Raymond James Financial lifted their price objective on Canadian Pacific Railway from C$230.00 to C$245.00 in a report on Thursday, October 19th. Finally, Desjardins lifted their price objective on Canadian Pacific Railway from C$230.00 to C$254.00 and gave the company a buy rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$231.08.

Canadian Pacific Railway (CP) opened at C$225.85 on Friday. Canadian Pacific Railway has a fifty-two week low of C$188.36 and a fifty-two week high of C$227.59.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be paid a $0.5625 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.25 annualized dividend and a dividend yield of 1.00%. Canadian Pacific Railway’s payout ratio is 17.28%.

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

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About Canadian Pacific Railway

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 (TSE:CP)

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