Shares of Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) have been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$331.80.
CP has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Canadian Pacific Railway from C$315.00 to C$335.00 in a report on Monday, July 8th. Royal Bank of Canada raised their price objective on Canadian Pacific Railway from C$342.00 to C$356.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on Canadian Pacific Railway from C$338.00 to C$345.00 in a report on Monday, July 8th. Raymond James lowered Canadian Pacific Railway from a “strong-buy” rating to an “outperform” rating and set a C$340.00 price objective on the stock. in a report on Monday, July 15th. Finally, Morgan Stanley raised their price objective on Canadian Pacific Railway from C$272.00 to C$277.00 in a report on Wednesday, April 24th.
Shares of TSE:CP traded down C$1.93 during midday trading on Wednesday, reaching C$303.46. 466,999 shares of the company’s stock traded hands, compared to its average volume of 307,438. Canadian Pacific Railway has a 1 year low of C$228.35 and a 1 year high of C$323.71. The stock has a market cap of $44.14 billion and a P/E ratio of 18.47. The company has a debt-to-equity ratio of 124.55, a quick ratio of 0.50 and a current ratio of 0.67. The company has a fifty day simple moving average of C$311.63.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, July 16th. The company reported C$4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$4.19 by C$0.11. The business had revenue of C$1.98 billion for the quarter, compared to analysts’ expectations of C$1.97 billion. On average, sell-side analysts forecast that Canadian Pacific Railway will post 16.3499991 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a $0.83 dividend. The ex-dividend date is Thursday, September 26th. This represents a $3.32 dividend on an annualized basis and a yield of 1.09%. Canadian Pacific Railway’s payout ratio is currently 16.92%.
In other news, Senior Officer John Kenneth Brooks sold 3,200 shares of Canadian Pacific Railway stock in a transaction on Monday, July 22nd. The stock was sold at an average price of C$311.21, for a total transaction of C$995,883.20.
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 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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