Canadian Pacific Railway (NYSE:CP) (TSE:CP) had its target price upped by investment analysts at BMO Capital Markets from $420.00 to $450.00 in a research note issued on Wednesday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 46.44% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on CP. Barclays increased their price objective on shares of Canadian Pacific Railway from $239.00 to $257.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Scotiabank increased their price target on shares of Canadian Pacific Railway from $384.00 to $395.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. CIBC lifted their price objective on Canadian Pacific Railway from $370.00 to $410.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Credit Suisse Group increased their target price on Canadian Pacific Railway from $285.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Finally, Deutsche Bank boosted their price target on Canadian Pacific Railway from $271.00 to $302.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $331.95.

Shares of NYSE:CP traded down $0.52 on Wednesday, hitting $307.29. 3,614 shares of the company were exchanged, compared to its average volume of 305,794. The company’s 50 day moving average price is $290.59 and its two-hundred day moving average price is $251.09. The firm has a market capitalization of $41.39 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.92 and a beta of 0.94. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.70 and a current ratio of 0.81. Canadian Pacific Railway has a one year low of $173.26 and a one year high of $312.59.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $4.07 EPS for the quarter, beating the consensus estimate of $2.75 by $1.32. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Canadian Pacific Railway had a return on equity of 34.28% and a net margin of 29.48%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.30 EPS. Research analysts predict that Canadian Pacific Railway will post 13.08 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. CWM LLC increased its holdings in Canadian Pacific Railway by 8.3% in the second quarter. CWM LLC now owns 642 shares of the transportation company’s stock valued at $164,000 after purchasing an additional 49 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Canadian Pacific Railway by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,371 shares of the transportation company’s stock valued at $521,000 after buying an additional 50 shares during the period. FDx Advisors Inc. increased its position in shares of Canadian Pacific Railway by 1.2% during the first quarter. FDx Advisors Inc. now owns 4,448 shares of the transportation company’s stock worth $977,000 after acquiring an additional 51 shares in the last quarter. Ballast Advisors LLC raised its holdings in shares of Canadian Pacific Railway by 3.5% during the second quarter. Ballast Advisors LLC now owns 2,369 shares of the transportation company’s stock worth $605,000 after acquiring an additional 80 shares during the period. Finally, Okabena Investment Services Inc. lifted its position in Canadian Pacific Railway by 1.3% in the 2nd quarter. Okabena Investment Services Inc. now owns 6,390 shares of the transportation company’s stock valued at $1,632,000 after acquiring an additional 82 shares in the last quarter. 71.68% of the stock is currently owned by institutional investors.

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 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.

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