Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) hit a new 52-week high during trading on Friday following a dividend announcement from the company. The company traded as high as C$235.19 and last traded at C$235.04, with a volume of 336738 shares trading hands. The stock had previously closed at C$230.12.
The newly announced dividend which will be paid on Monday, April 30th. Investors of record on Friday, March 23rd will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 0.96%. Canadian Pacific Railway’s dividend payout ratio is 12.91%.
A number of research firms have recently commented on CP. Macquarie set a C$250.00 price target on shares of Canadian Pacific Railway and gave the company an “outperform” rating in a research report on Friday, January 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$245.00 price objective on shares of Canadian Pacific Railway in a report on Thursday, November 9th. Raymond James Financial boosted their price target on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a research note on Thursday, October 19th. UBS Group lowered their price target on shares of Canadian Pacific Railway from C$270.00 to C$266.00 in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Canadian Pacific Railway from C$272.00 to C$276.00 in a research note on Thursday, January 11th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Canadian Pacific Railway presently has an average rating of “Buy” and a consensus price target of C$249.54.
The stock has a market cap of $33,940.00, a PE ratio of 14.23 and a beta of 0.70.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its quarterly earnings data on Thursday, January 18th. The company reported C$3.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$3.20 by C$0.02. The firm had revenue of C$1.71 billion during the quarter, compared to analysts’ expectations of C$1.71 billion. Canadian Pacific Railway had a net margin of 31.97% and a return on equity of 37.54%.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$229.35, for a total transaction of C$137,610.00. Also, insider James Dominic Luther Clements sold 1,000 shares of the firm’s 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.
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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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