Canadian Pacific Railway (CP) Sets New 52-Week High at $236.50

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$236.50 and last traded at C$235.35, with a volume of 187009 shares trading hands. The stock had previously closed at C$233.56.

A number of research analysts have commented on CP shares. Raymond James Financial increased 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. Morgan Stanley increased 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. TD Securities increased their price objective on shares of Canadian Pacific Railway from C$240.00 to C$250.00 and gave the company a “hold” rating in a research note on Friday, January 19th. National Bank Financial increased their price objective on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 13th. Finally, BMO Capital Markets increased their price objective on shares of Canadian Pacific Railway from C$245.00 to C$250.00 in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Canadian Pacific Railway has a consensus rating of “Buy” and a consensus price target of C$249.54.

The stock has a market capitalization of $34,090.00, a PE ratio of 11.71 and a beta of 0.70.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings results 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. Canadian Pacific Railway had a net margin of 89.03% and a return on equity of 101.93%. The company had revenue of C$1.71 billion for the quarter, compared to the consensus estimate of C$1.71 billion.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 23rd will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.95%. Canadian Pacific Railway’s payout ratio is currently 10.84%.

In related news, insider John Kenneth Brooks sold 600 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$229.35, for a total value of C$137,610.00. Also, 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.

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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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