Other analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed an outperform rating and issued a C$245.00 price target on shares of Canadian Pacific Railway in a report on Thursday, November 9th. JPMorgan Chase & Co. upped their price target on shares of Canadian Pacific Railway from C$262.00 to C$265.00 in a report on Wednesday, October 18th. Macquarie set a C$250.00 price target on shares of Canadian Pacific Railway and gave the company an outperform rating in a report on Friday, January 12th. CIBC upped their price target on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a report on Thursday, January 4th. Finally, National Bank Financial upped their price objective on shares of Canadian Pacific Railway from C$207.00 to C$226.00 and gave the company a sector perform rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of C$249.54.
Canadian Pacific Railway (TSE CP) traded down C$1.40 during midday trading on Tuesday, reaching C$215.98. 477,100 shares of the company’s stock were exchanged, compared to its average volume of 404,086. Canadian Pacific Railway has a one year low of C$189.57 and a one year high of C$234.97. The firm has a market capitalization of $31,310.00, a price-to-earnings ratio of 13.12 and a beta of 0.70.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last issued its earnings results on Thursday, January 18th. The company reported C$3.22 earnings per share for the quarter, topping the consensus estimate of C$3.20 by C$0.02. Canadian Pacific Railway had a net margin of 31.97% and a return on equity of 37.54%. The company had revenue of C$1.71 billion for the quarter, compared to analyst estimates of C$1.71 billion.
The business also recently declared a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Friday, December 29th were paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio is currently 12.91%.
In other news, insider John Kenneth Brooks sold 600 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$229.35, for a total value of C$137,610.00. Also, insider James Dominic Luther Clements sold 1,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of C$230.21, for a total transaction of C$230,210.00.
Canadian Pacific Railway 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.
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