Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target raised by National Bank Financial from C$244.00 to C$248.00 in a research note published on Friday, January 19th. National Bank Financial currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q1 2018 earnings at $2.97 EPS, Q3 2018 earnings at $3.19 EPS, FY2018 earnings at $12.87 EPS and FY2019 earnings at $13.78 EPS.
Several other research firms have also recently weighed in on CP. Scotiabank boosted their target price on Canadian Pacific Railway from C$220.00 to C$230.00 and gave the stock an outperform rating in a research note on Wednesday, October 18th. CIBC boosted their target price on Canadian Pacific Railway from C$233.00 to C$255.00 in a research note on Thursday, January 4th. BMO Capital Markets boosted their price objective on Canadian Pacific Railway from C$245.00 to C$250.00 in a research note on Friday, December 1st. Raymond James Financial boosted their price objective on Canadian Pacific Railway from C$230.00 to C$245.00 in a research note on Thursday, October 19th. Finally, Macquarie set a C$250.00 price target on Canadian Pacific Railway and gave the stock an outperform rating in a research note on Friday, January 12th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of C$249.54.
Shares of Canadian Pacific Railway (TSE:CP) traded up C$6.66 on Friday, reaching C$222.64. 502,923 shares of the company traded hands, compared to its average volume of 426,951. The stock has a market cap of $31,310.00, a price-to-earnings ratio of 13.53 and a beta of 0.70. Canadian Pacific Railway has a 12-month low of C$189.57 and a 12-month high of C$234.97.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its earnings results on Thursday, January 18th. The company reported C$3.22 earnings per share for the quarter, beating the consensus estimate of C$3.20 by C$0.02. The company had revenue of C$1.71 billion during the quarter, compared to the consensus estimate of C$1.71 billion. Canadian Pacific Railway had a return on equity of 37.54% and a net margin of 31.97%.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Friday, December 29th were paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, December 28th. Canadian Pacific Railway’s payout ratio is currently 12.91%.
In related news, insider James Dominic Luther Clements sold 1,000 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of C$230.21, for a total transaction of C$230,210.00. Also, 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 value of C$137,610.00.
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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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