Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target boosted by BMO Capital Markets from C$245.00 to C$250.00 in a research report report published on Friday, December 1st.
Several other research firms have also commented on CP. Scotiabank lifted their price target on shares of Canadian Pacific Railway from C$220.00 to C$230.00 and gave the company an outperform rating in a report on Wednesday, October 18th. National Bank Financial lifted their price target on shares of Canadian Pacific Railway from C$207.00 to C$226.00 and gave the company a sector perform rating in a report on Wednesday, October 18th. Raymond James Financial boosted their target price on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a research note on Thursday, October 19th. CIBC boosted their target price on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a research note on Tuesday, September 26th. Finally, Desjardins boosted their target price on shares of Canadian Pacific Railway from C$230.00 to C$254.00 and gave the company a buy rating in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of C$231.08.
Canadian Pacific Railway (TSE:CP) traded up C$4.49 during midday trading on Friday, hitting C$231.73. 649,572 shares of the stock traded hands, compared to its average volume of 350,309. Canadian Pacific Railway has a 1-year low of C$188.36 and a 1-year high of C$232.29.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s payout ratio is presently 17.28%.
In related news, insider Laird Joseph Pitz sold 609 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total transaction of C$95,923.59.
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About Canadian Pacific Railway
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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