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.
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