Shares of Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) have been given an average recommendation of “Buy” by the fourteen brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$249.54.
A number of analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Canadian Pacific Railway from C$228.00 to C$248.00 in a research note on Monday, January 22nd. CIBC upped their price objective on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a research note on Thursday, January 4th. Macquarie set a C$250.00 price objective on shares of Canadian Pacific Railway and gave the stock an “outperform” rating in a research note on Friday, January 12th. National Bank Financial upped their price objective on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 13th. Finally, Raymond James Financial upped their price objective on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a research note on Tuesday, January 16th.
In other news, insider James Dominic Luther Clements sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were 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 company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$229.35, for a total transaction of C$137,610.00.
Shares of Canadian Pacific Railway (TSE:CP) traded down C$3.68 on Friday, hitting C$222.73. 475,200 shares of the stock were exchanged, compared to its average volume of 361,518. The stock has a market capitalization of $32,280.00, a price-to-earnings ratio of 13.53 and a beta of 0.70. Canadian Pacific Railway has a 1 year low of C$189.57 and a 1 year high of C$234.97.
The company also recently announced a quarterly dividend, which was paid on Monday, January 29th. Shareholders of record on Friday, December 29th were issued a $0.5625 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.25 dividend on an annualized basis and a yield of 1.01%. Canadian Pacific Railway’s dividend payout ratio is presently 12.91%.
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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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