Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) insider Laird Joseph Pitz sold 609 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59.
Shares of Canadian Pacific Railway Limited (TSE:CP) opened at 193.40 on Friday. Canadian Pacific Railway Limited has a 52 week low of $186.21 and a 52 week high of $218.78. The company has a market capitalization of $28.25 billion and a PE ratio of 17.35. The company has a 50-day moving average price of $194.01 and a 200-day moving average price of $202.64.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, July 19th. The company reported C$2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.69 by C$0.08. The business had revenue of C$1.64 billion for the quarter, compared to analysts’ expectations of C$1.62 billion. Canadian Pacific Railway Limited had a return on equity of 37.13% and a net margin of 29.21%. Analysts predict that Canadian Pacific Railway Limited will post $11.50 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be given a $0.5625 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.25 annualized dividend and a yield of 1.16%.
A number of brokerages recently weighed in on CP. National Bank Financial downgraded shares of Canadian Pacific Railway Limited from an “overweight” rating to a “sector perform” rating and cut their price target for the stock from C$219.00 to C$207.00 in a report on Wednesday. Scotiabank cut their price target on shares of Canadian Pacific Railway Limited from C$225.00 to C$220.00 and set an “outperform” rating on the stock in a report on Wednesday, August 23rd. Royal Bank Of Canada boosted their price target on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th. Finally, CIBC boosted their price target on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a report on Thursday, July 6th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and a consensus price target of C$214.54.
Canadian Pacific Railway Limited 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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