Shares of Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) have been given an average rating of “Buy” by the thirteen research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$252.42.
CP has been the subject of several analyst reports. Morgan Stanley upped their price objective on Canadian Pacific Railway from C$228.00 to C$248.00 in a research report on Monday, January 22nd. National Bank Financial upped their price objective on Canadian Pacific Railway from C$248.00 to C$250.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 20th. CIBC upped their price objective on Canadian Pacific Railway from C$233.00 to C$255.00 in a research report on Thursday, January 4th. Macquarie set a C$250.00 target price on Canadian Pacific Railway and gave the company an “outperform” rating in a research report on Friday, January 12th. Finally, Raymond James Financial upped their target price on Canadian Pacific Railway from C$245.00 to C$255.00 in a research report on Tuesday, January 16th.
CP traded down C$0.79 on Thursday, hitting C$225.59. 298,910 shares of the company were exchanged, compared to its average volume of 381,163. Canadian Pacific Railway has a twelve month low of C$189.57 and a twelve month high of C$240.40.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its earnings results on Thursday, January 18th. The company reported C$3.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$3.20 by C$0.02. Canadian Pacific Railway had a return on equity of 101.93% and a net margin of 89.03%. The firm had revenue of C$1.71 billion during the quarter, compared to analysts’ expectations of C$1.71 billion.
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 given a $0.5625 dividend. The ex-dividend date is Thursday, March 22nd. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.00%.
In related news, insider James Dominic Luther Clements sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of C$230.21, for a total value 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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