Shares of Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) have been given an average rating of “Buy” by the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$249.54.
Several research analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Canadian Pacific Railway from C$228.00 to C$248.00 in a research note on Monday, January 22nd. CIBC lifted their target price 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 target price on shares of Canadian Pacific Railway and gave the stock an “outperform” rating in a research note on Friday, January 12th. National Bank Financial lifted their target price 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 lifted their target price on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a research note on Tuesday, January 16th.
Shares of Canadian Pacific Railway (CP) opened at C$230.17 on Wednesday. The firm has a market cap of $33,190.00, a P/E ratio of 11.41 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$235.65.
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 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 analyst estimates of C$1.71 billion. Canadian Pacific Railway had a net margin of 31.97% and a return on equity of 37.54%.
The company also recently announced a quarterly 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 annualized dividend and a dividend yield of 0.98%. Canadian Pacific Railway’s payout ratio is 10.84%.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the business’s 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 business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of C$230.21, for a total transaction of C$230,210.00.
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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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