A number of other analysts have also recently commented on the stock. National Bank Financial upped their price target on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the company a sector perform rating in a research note on Wednesday, December 13th. Scotiabank upped their price target on shares of Canadian Pacific Railway from C$220.00 to C$230.00 and gave the company an outperform rating in a research note on Wednesday, October 18th. CIBC upped their price target on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a research note on Thursday, January 4th. BMO Capital Markets upped their price target on shares of Canadian Pacific Railway from C$245.00 to C$250.00 in a research note on Friday, December 1st. Finally, Raymond James Financial upped their price target on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Canadian Pacific Railway has a consensus rating of Buy and a consensus price target of C$236.46.
Canadian Pacific Railway (CP) traded down C$1.62 on Friday, reaching C$228.23. 425,700 shares of the company’s stock were exchanged, compared to its average volume of 316,872. The stock has a market capitalization of $33,080.00, a PE ratio of 18.56 and a beta of 0.84. Canadian Pacific Railway has a 52-week low of C$188.36 and a 52-week high of C$234.97.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 17.28%.
In related news, insider John Kenneth Brooks sold 600 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of C$229.35, for a total transaction of C$137,610.00.
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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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