Canadian Pacific Railway Limited (CP) Receives Average Rating of “Buy” from Analysts

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Shares of Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) have been assigned a consensus rating of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$296.54.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Canadian Pacific Railway from C$329.00 to C$331.00 and gave the stock an “outperform” rating in a research report on Friday, October 19th. JPMorgan Chase & Co. decreased their target price on Canadian Pacific Railway from C$340.00 to C$332.00 in a research report on Tuesday, December 18th. Raymond James lifted their target price on Canadian Pacific Railway from C$305.00 to C$340.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 9th. National Bank Financial raised Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating and set a C$303.00 target price on the stock in a research report on Friday, October 19th. Finally, Morgan Stanley lifted their target price on Canadian Pacific Railway from C$276.00 to C$277.00 in a research report on Thursday, January 24th.

In other Canadian Pacific Railway news, insider Jeffrey Ellis sold 540 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of C$274.76, for a total transaction of C$148,370.40. Also, Director Andrew Fitzpatrick Reardon sold 3,578 shares of the company’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of C$270.28, for a total transaction of C$967,073.29. Following the sale, the director now owns 151 shares of the company’s stock, valued at approximately C$40,812.76. Insiders sold a total of 9,322 shares of company stock valued at $2,574,456 in the last 90 days.

Shares of TSE:CP opened at C$268.00 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.57 and a debt-to-equity ratio of 131.04. Canadian Pacific Railway has a 1 year low of C$212.50 and a 1 year high of C$291.56. The firm has a market cap of $38.36 billion and a P/E ratio of 19.69.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 28th. Investors of record on Friday, December 28th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, December 27th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 18.46%.

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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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