BMO Capital Markets set a C$254.00 price objective on Canadian Pacific Railway (TSE:CP) (NYSE:CP) in a research report report published on Friday morning. The firm currently has an outperform rating on the stock.
A number of other research firms have also recently issued reports on CP. National Bank Financial upped their price objective on Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a sector perform rating in a report on Wednesday, December 13th. Scotiabank upped their price objective on Canadian Pacific Railway from C$220.00 to C$230.00 and gave the stock an outperform rating in a report on Wednesday, October 18th. CIBC upped their price objective on Canadian Pacific Railway from C$233.00 to C$255.00 in a report on Thursday, January 4th. Raymond James Financial upped their price objective on Canadian Pacific Railway from C$230.00 to C$245.00 in a report on Thursday, October 19th. Finally, Macquarie set a C$250.00 price objective on Canadian Pacific Railway and gave the stock an outperform rating in a report on Friday, January 12th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Canadian Pacific Railway currently has an average rating of Buy and a consensus target price of C$249.67.
Shares of Canadian Pacific Railway (CP) traded up C$6.25 during midday trading on Friday, reaching C$233.40. The company’s stock had a trading volume of 989,200 shares, compared to its average volume of 337,602. The company has a market cap of $33,830.00, a price-to-earnings ratio of 18.98 and a beta of 0.84. Canadian Pacific Railway has a fifty-two week low of C$189.57 and a fifty-two week high of C$234.97.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, October 17th. The company reported C$2.90 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.86 by C$0.04. Canadian Pacific Railway had a return on equity of 37.54% and a net margin of 31.97%.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio is presently 17.28%.
In related news, insider John Kenneth Brooks sold 600 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of C$229.35, for a total transaction of C$137,610.00.
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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 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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