Canadian Pacific Railway (CP) – Investment Analysts’ Weekly Ratings Updates

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A number of firms have modified their ratings and price targets on shares of Canadian Pacific Railway (TSE: CP) recently:

  • 1/24/2019 – Canadian Pacific Railway had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a C$340.00 price target on the stock.
  • 1/24/2019 – Canadian Pacific Railway had its price target raised by analysts at National Bank Financial from C$287.00 to C$293.00. They now have an “outperform” rating on the stock.
  • 1/24/2019 – Canadian Pacific Railway had its price target raised by analysts at Royal Bank of Canada from C$331.00 to C$334.00. They now have an “outperform” rating on the stock.
  • 1/24/2019 – Canadian Pacific Railway had its price target raised by analysts at TD Securities from C$305.00 to C$315.00. They now have a “buy” rating on the stock.
  • 1/24/2019 – Canadian Pacific Railway had its price target raised by analysts at CIBC from C$310.00 to C$315.00.
  • 1/24/2019 – Canadian Pacific Railway had its price target raised by analysts at JPMorgan Chase & Co. from C$335.00 to C$337.00.
  • 1/24/2019 – Canadian Pacific Railway had its price target raised by analysts at Morgan Stanley from C$276.00 to C$277.00.
  • 1/14/2019 – Canadian Pacific Railway had its price target raised by analysts at JPMorgan Chase & Co. from C$332.00 to C$335.00.
  • 12/19/2018 – Canadian Pacific Railway had its price target lowered by analysts at National Bank Financial from C$303.00 to C$287.00. They now have an “outperform” rating on the stock.
  • 12/18/2018 – Canadian Pacific Railway had its price target lowered by analysts at JPMorgan Chase & Co. from C$340.00 to C$332.00.

Shares of CP stock traded down C$2.40 on Monday, reaching C$263.39. The stock had a trading volume of 251,035 shares, compared to its average volume of 327,900. The company has a debt-to-equity ratio of 131.04, a quick ratio of 0.45 and a current ratio of 0.57. The stock has a market cap of $38.31 billion and a price-to-earnings ratio of 19.35. Canadian Pacific Railway Ltd has a 12 month low of C$216.96 and a 12 month high of C$291.56.

The company also recently announced a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Friday, December 28th were issued a $0.65 dividend. The ex-dividend date was Thursday, December 27th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.99%. Canadian Pacific Railway’s payout ratio is 18.46%.

In other Canadian Pacific Railway news, insider Jonathan Sherif Wahba sold 604 shares of the stock in a transaction dated Monday, November 26th. The shares were sold at an average price of C$271.13, for a total value of C$163,762.52. Also, insider Jeffrey Ellis sold 540 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of C$274.76, for a total transaction of C$148,370.40. Over the last ninety days, insiders sold 8,222 shares of company stock worth $2,270,196.

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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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