Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) has earned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$249.54.
CP has been the subject of several recent research reports. Raymond James Financial lifted their target price on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a research note on Tuesday, January 16th. Morgan Stanley lifted their target price on shares of Canadian Pacific Railway from C$228.00 to C$248.00 in a research note on Monday, January 22nd. TD Securities lifted their target price on shares of Canadian Pacific Railway from C$240.00 to C$250.00 and gave the stock a “hold” rating in a research note on Friday, January 19th. National Bank Financial lifted their target price on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 13th. Finally, BMO Capital Markets lifted their target price on shares of Canadian Pacific Railway from C$245.00 to C$250.00 in a research note on Friday, December 1st.
In other news, insider James Dominic Luther Clements sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of C$230.21, for a total value of C$230,210.00. Also, insider John Kenneth Brooks sold 600 shares of the firm’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.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Thursday, January 18th. The company reported C$3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$3.20 by C$0.02. Canadian Pacific Railway had a net margin of 31.97% and a return on equity of 37.54%. The business had revenue of C$1.71 billion during the quarter, compared to the consensus estimate of C$1.71 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 23rd will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.98%. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 10.84%.
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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