Canadian Pacific Railway Limited (TSE:CP) Receives Average Rating of “Moderate Buy” from Analysts


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.

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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%.

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insider activity

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.

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About Canadian Pacific Railway

(get rating)

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.

Selected items

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

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