Shares of Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) have been assigned a consensus rating of “Buy” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$249.54.
CP has been the topic of a number of recent analyst reports. National Bank Financial boosted their price target on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 13th. BMO Capital Markets boosted their price target on shares of Canadian Pacific Railway from C$245.00 to C$250.00 in a research report on Friday, December 1st. JPMorgan Chase & Co. boosted their target price on shares of Canadian Pacific Railway from C$272.00 to C$276.00 in a report on Thursday, January 11th. CIBC boosted their target price on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a report on Thursday, January 4th. Finally, Raymond James Financial boosted their target price on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a report on Tuesday, January 16th.
Canadian Pacific Railway (CP) traded up C$2.07 during mid-day trading on Wednesday, hitting C$238.47. 285,044 shares of the company’s stock were exchanged, compared to its average volume of 428,477. Canadian Pacific Railway has a one year low of C$189.57 and a one year high of C$239.12. The company has a market cap of $34,170.00, a P/E ratio of 11.82 and a beta of 0.70.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Thursday, January 18th. The company reported C$3.22 EPS for the quarter, topping analysts’ consensus estimates of C$3.20 by C$0.02. Canadian Pacific Railway had a net margin of 89.03% and a return on equity of 101.93%. The company had revenue of C$1.71 billion for the quarter, compared to the consensus estimate of C$1.71 billion.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 23rd will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.94%. Canadian Pacific Railway’s payout ratio is currently 10.84%.
In other news, insider John Kenneth Brooks sold 600 shares of Canadian Pacific Railway stock in a transaction that occurred 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 Canadian Pacific Railway stock in a transaction that occurred 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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