Recent Investment Research Analysts’ Ratings Updates for Canadian Pacific Railway Limited (CP)

Recent Investment Research Analysts’ Ratings Updates for Canadian Pacific Railway Limited (CP)

A number of research firms have changed their ratings and price targets for Canadian Pacific Railway Limited (NYSE: CP):

Canadian Pacific Railway Limited (NYSE:CP) traded up 1.48% during mid-day trading on Tuesday, hitting $147.81. 604,444 shares of the stock traded hands. The company’s 50 day moving average is $148.07 and its 200 day moving average is $148.14. Canadian Pacific Railway Limited has a 12 month low of $119.50 and a 12 month high of $157.34. The company has a market cap of $21.63 billion, a P/E ratio of 18.54 and a beta of 1.08.

Canadian Pacific Railway Limited (NYSE:CP) last announced its earnings results on Wednesday, January 18th. The company reported $3.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.11 by $0.07. Canadian Pacific Railway Limited had a net margin of 25.56% and a return on equity of 32.07%. The firm earned $1.64 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $2.72 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. On average, analysts expect that Canadian Pacific Railway Limited will post $8.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Friday, March 31st will be paid a $0.3803 dividend. This represents a $1.52 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, March 29th. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. Canadian Pacific Railway Limited’s dividend payout ratio (DPR) is currently 18.67%.

In related news, CEO E Hunter Harrison sold 178,617 shares of the firm’s stock in a transaction dated Friday, January 20th. The shares were sold at an average price of $150.81, for a total value of $26,937,229.77. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Mark Kenneth Wallace sold 577 shares of the firm’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $154.36, for a total transaction of $89,065.72. The disclosure for this sale can be found here. Insiders sold a total of 191,184 shares of company stock worth $28,835,829 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

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