Canadian Pacific Railway (TSE:CP) Shares Cross Above 200-Day Moving Average of $96.26

Canadian Pacific Railway Limited (TSE:CPGet Rating) (NYSE:CP)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$96.26 and traded as high as C$98.05. Canadian Pacific Railway shares last traded at C$96.58, with a volume of 933,532 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Atlantic Securities dropped their target price on 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. Evercore ISI restated an “outperform” rating and set a C$102.00 target price on shares of Canadian Pacific Railway in a research report on Tuesday, July 12th. Scotiabank cut Canadian Pacific Railway from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$105.00 to C$99.00 in a research report on Thursday, July 7th. National Bankshares raised their target price on Canadian Pacific Railway from C$98.00 to C$105.00 in a research report on Thursday. Finally, CIBC raised their target price on Canadian Pacific Railway from C$106.00 to C$110.00 and gave the company an “outperform” rating in a research report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$99.73.

Canadian Pacific Railway Trading Down 0.8 %

The firm has a market capitalization of C$88.52 billion and a price-to-earnings ratio of 33.44. The company has a current ratio of 0.50, a quick ratio of 0.35 and a debt-to-equity ratio of 57.45. The company has a fifty day moving average price of C$100.21 and a two-hundred day moving average price of C$96.23.

Canadian Pacific Railway (TSE:CPGet Rating) (NYSE:CP) last released its quarterly earnings results 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 firm had revenue of C$2.20 billion for the quarter, compared to analysts’ expectations of C$2.16 billion. As a group, research analysts forecast that Canadian Pacific Railway Limited will post 4.5200001 earnings per share for the current fiscal year.

Canadian Pacific Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 29th. Canadian Pacific Railway’s payout ratio is 26.48%.

Insider Buying and Selling at Canadian Pacific Railway

In other news, Senior Officer Mark Ashley Redd sold 50,820 shares of the company’s stock in a transaction 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 owns 15,978 shares of the company’s stock, valued at C$1,594,576.79. In other news, Senior Officer Pamela Lynne Arpin sold 2,370 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of C$102.40, for a total value of C$242,697.01. Following the completion of the sale, the insider now directly owns 4,578 shares of the company’s stock, valued at C$468,804.60. Also, Senior Officer Mark Ashley Redd sold 50,820 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 15,978 shares of the company’s stock, valued at C$1,594,576.79. Insiders have sold a total of 79,425 shares of company stock valued at $7,925,898 over the last quarter.

About Canadian Pacific Railway

(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.

Further Reading

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