Canadian Pacific Railway Limited (TSE:CP) Given Average Rating of “Moderate Buy” by Analysts

Canadian Pacific Railway Limited (TSE:CPGet Rating) (NYSE:CP) has received a consensus rating of “Moderate Buy” from the seventeen analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$99.73.

Several equities research analysts recently commented on CP shares. Atlantic Securities cut their price objective on shares of Canadian Pacific Railway from C$111.00 to C$106.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 28th. Scotiabank cut shares of Canadian Pacific Railway from an “outperform” rating to a “hold” rating and cut their price target for the stock from C$105.00 to C$99.00 in a research report on Thursday, July 7th. CIBC boosted their price target on shares of Canadian Pacific Railway from C$106.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. National Bankshares boosted their price target on shares of Canadian Pacific Railway from C$98.00 to C$105.00 in a research report on Thursday. Finally, Evercore ISI reissued an “outperform” rating and set a C$102.00 price target on shares of Canadian Pacific Railway in a research report on Tuesday, July 12th.

Insider Activity at Canadian Pacific Railway

In other Canadian Pacific Railway news, Senior Officer Mark Ashley Redd sold 50,820 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of C$99.80, for a total transaction of C$5,071,748.18. Following the transaction, the insider now owns 15,978 shares in the company, valued at approximately C$1,594,576.79. In other Canadian Pacific Railway news, Senior Officer Pamela Lynne Arpin sold 2,370 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of C$102.40, for a total transaction of C$242,697.01. Following the transaction, the insider now owns 4,578 shares in the company, valued at approximately C$468,804.60. Also, Senior Officer Mark Ashley Redd sold 50,820 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of C$99.80, for a total transaction of C$5,071,748.18. Following the sale, the insider now directly owns 15,978 shares of the company’s stock, valued at approximately C$1,594,576.79. In the last 90 days, insiders have sold 79,425 shares of company stock worth $7,925,898.

Canadian Pacific Railway Trading Down 0.6 %

CP opened at C$95.97 on Friday. The stock has a market capitalization of C$89.24 billion and a P/E ratio of 33.44. Canadian Pacific Railway has a 12 month low of C$82.22 and a 12 month high of C$106.93. The firm’s fifty day simple moving average is C$100.21 and its 200 day simple moving average is C$96.23. The company has a current ratio of 0.50, a quick ratio of 0.35 and a debt-to-equity ratio of 57.45.

Canadian Pacific Railway (TSE:CPGet Rating) (NYSE:CP) last posted its quarterly earnings data on Thursday, July 28th. The company reported C$0.95 EPS for the quarter, beating the consensus estimate of C$0.88 by C$0.07. The company had revenue of C$2.20 billion during the quarter, compared to the consensus estimate of C$2.16 billion. As a group, research analysts anticipate that Canadian Pacific Railway will post 4.5200001 EPS for the current fiscal year.

Canadian Pacific Railway Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.79%. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 26.48%.

Canadian Pacific Railway Company Profile

(Get Rating)

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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