Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) has been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$292.50.
A number of research analysts have issued reports on CP shares. CIBC boosted their price target on Canadian Pacific Railway from C$300.00 to C$310.00 in a report on Tuesday, October 9th. Morgan Stanley decreased their price target on Canadian Pacific Railway from C$285.00 to C$276.00 in a report on Tuesday, October 23rd. Cormark boosted their price target on Canadian Pacific Railway from C$275.00 to C$300.00 in a report on Thursday, September 27th. Desjardins boosted their price target on Canadian Pacific Railway from C$274.00 to C$311.00 in a report on Tuesday, October 9th. Finally, Royal Bank of Canada upped their target price on Canadian Pacific Railway from C$320.00 to C$329.00 and gave the stock an “outperform” rating in a research note on Friday, October 5th.
Canadian Pacific Railway stock opened at C$250.95 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 116.25. Canadian Pacific Railway has a 52 week low of C$212.50 and a 52 week high of C$291.56.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its earnings results on Thursday, October 18th. The company reported C$4.12 EPS for the quarter, topping the Zacks’ consensus estimate of C$4.09 by C$0.03. The firm had revenue of C$1.90 billion for the quarter, compared to analyst estimates of C$1.90 billion. On average, equities research analysts expect that Canadian Pacific Railway will post 16.349999639319 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 28th. Stockholders of record on Friday, December 28th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, December 27th. Canadian Pacific Railway’s payout ratio is 14.63%.
In other news, insider Chad Rolstad purchased 125 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was purchased at an average cost of C$205.10 per share, for a total transaction of C$25,637.50. Also, insider Jeffrey Ellis sold 540 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of C$274.76, for a total value of C$148,370.40. Over the last ninety days, insiders have sold 5,744 shares of company stock valued at $1,607,383.
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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