Canadian Pacific Railway Limited (TSE:CP – Get Rating) (NYSE:CP) shares have received a consensus rating of “Moderate Buy” from the seventeen research firms covering the company, reports MarketBeat Ratings. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price from brokers who have rated the stock over the past year is $99.73.
Several equity analysts recently commented on the company. Scotiabank lowered Canadian Pacific Railway from an outperform rating to a hold rating and lowered its price target on the company to C$99.00 from C$105.00 in a report Thursday, July 7 $. CIBC raised its price target on Canadian Pacific Railway to $110.00 from $106.00 and gave the company an outperform rating in a report on Friday, July 29. National Bankshares raised its price target on the Canadian Pacific Railway to $105.00 from $98.00 in a report Thursday. Atlantic Securities lowered its price target on Canadian Pacific Railway to $106.00 from $111.00 and gave the company an overweight rating in a report Tuesday, June 28. Finally, Evercore ISI reiterated an “outperform” rating and price target of CAD$102.00 on Canadian Pacific Railway shares in a report on Tuesday, July 12.
Canadian Pacific Railway Trading down 0.6%
TSE:CP opened at CAD$95.97 on Friday. The company has a leverage of 57.45, a quick ratio of 0.35 and a current ratio of 0.50. Canadian Pacific Railway has a yearly low of $82.22 and a yearly high of $106.93. The company’s 50-day simple moving average is $100.21 and the 200-day simple moving average is $96.23. The stock has a market cap of CA$89.24 billion and a price-to-earnings ratio of 33.44.
Canadian Pacific Railway (TSE:CP – Get Rating) (NYSE:CP) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.95 per share for the quarter, beating the consensus estimate of $0.88 by $0.07. The company had revenue of CA$2.20 billion in the quarter compared to analyst estimates of CA$2.16 billion. As a group, sell-side analysts are forecasting Canadian Pacific Railway to report fiscal year-to-date earnings per share of 4.5200001.
Canadian Pacific Railway announces dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30 will receive a dividend of $0.19. The ex-dividend date of this dividend is Thursday September 29th. That equates to a dividend of $0.76 on an annualized basis and a dividend yield of 0.79%. Canadian Pacific Railway’s payout ratio is currently 26.48%.
In related news, Senior Officer Pamela Lynne Arpin sold 2,370 shares of the stock in one transaction on Tuesday, August 9. The stock sold at an average price of $102.40 for a total transaction of $242,697.01. Upon completion of the sale, the insider now directly owns 4,578 shares of the company, valued at $468,804.60. In related news, Senior Officer Pamela Lynne Arpin sold 2,370 shares of the stock in one transaction on Tuesday, August 9. The stock sold at an average price of $102.40 for a total transaction of $242,697.01. Upon completion of the sale, the insider now directly owns 4,578 shares of the company, valued at $468,804.60. Also, on Monday, August 1, Senior Officer Mark Ashley Redd sold 50,820 shares of the stock in one transaction. The stock sold at an average price of $99.80 for a total value of $5,071,748.18. Following the sale, the insider now owns 15,978 shares of the company, valued at $1,594,576.79. Insiders sold 79,425 shares of the company’s shares worth $7,925,898 last quarter.
About Canadian Pacific Railway
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railroad in Canada and the United States. The company transports bulk goods, including grain, coal, potash, fertilizer and sulfur; and commodity freight, such as energy, chemicals and plastics, metals, minerals, and consumer, automotive, and forest products.
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