Canadian Pacific Railway (CP) Sets New 12-Month High at $243.59

Shares of Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) reached a new 52-week high during trading on Friday . The company traded as high as C$243.59 and last traded at C$242.03, with a volume of 124596 shares changing hands. The stock had previously closed at C$238.40.

A number of analysts recently commented on the company. Desjardins reduced their price objective on Canadian Pacific Railway from C$254.00 to C$253.00 in a research report on Monday, April 16th. CIBC upped their price objective on Canadian Pacific Railway from C$263.00 to C$270.00 in a research report on Thursday, April 19th. BMO Capital Markets set a C$254.00 price target on Canadian Pacific Railway and gave the company an “outperform” rating in a report on Thursday, April 19th. National Bank Financial boosted their price target on Canadian Pacific Railway from C$248.00 to C$250.00 and gave the company a “sector perform” rating in a report on Tuesday, March 20th. Finally, Royal Bank of Canada boosted their price target on Canadian Pacific Railway from C$256.00 to C$258.00 and gave the company an “outperform” rating in a report on Thursday, April 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Canadian Pacific Railway has a consensus rating of “Buy” and an average price target of C$255.42.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Wednesday, April 18th. The company reported C$2.70 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.76 by C($0.06). The business had revenue of C$1.66 billion during the quarter, compared to the consensus estimate of C$1.68 billion. Canadian Pacific Railway had a return on equity of 101.93% and a net margin of 89.03%.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 30th. Stockholders of record on Friday, June 29th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, June 28th.

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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply