Canadian Pacific Railway (TSE:CP) Given New C$105.00 Price Target at National Bankshares

Canadian Pacific Railway (TSE:CPGet Rating) (NYSE:CP) had its price target lifted by National Bankshares from C$98.00 to C$105.00 in a report published on Thursday, BayStreet.CA reports.

CP has been the subject of several other research reports. Atlantic Securities cut their price target on Canadian Pacific Railway from C$111.00 to C$106.00 and set an overweight rating for the company in a report on Tuesday, June 28th. CIBC raised their price objective on shares of Canadian Pacific Railway from C$106.00 to C$110.00 and gave the stock an outperform rating in a report on Friday, July 29th. Scotiabank cut shares of Canadian Pacific Railway from an outperform rating to a hold rating and cut their price target for the stock from C$105.00 to C$99.00 in a research note on Thursday, July 7th. Finally, Evercore ISI reiterated an outperform rating and issued a C$102.00 price objective on shares of Canadian Pacific Railway in a research note on Tuesday, July 12th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Railway has an average rating of Moderate Buy and a consensus price target of C$99.73.

Canadian Pacific Railway Price Performance

Shares of TSE:CP opened at C$95.97 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.50 and a debt-to-equity ratio of 57.45. The business has a 50 day moving average price of C$100.21 and a 200 day moving average price of C$96.23. The company has a market cap of C$89.24 billion and a price-to-earnings ratio of 33.44. Canadian Pacific Railway has a twelve month low of C$82.22 and a twelve month high of C$106.93.

Canadian Pacific Railway (TSE:CPGet Rating) (NYSE:CP) last announced its earnings results on Thursday, July 28th. The company reported C$0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.88 by C$0.07. The company had revenue of C$2.20 billion for the quarter, compared to the consensus estimate of C$2.16 billion. Research analysts predict that Canadian Pacific Railway will post 4.5200001 earnings per share for the current year.

Canadian Pacific Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be paid a $0.19 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.76 annualized dividend and a dividend yield of 0.79%. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 26.48%.

Insider Activity

In related news, Senior Officer Mark Ashley Redd sold 50,820 shares of Canadian Pacific Railway stock in a transaction dated Monday, August 1st. The stock was sold at an average price of C$99.80, for a total value of C$5,071,748.18. Following the completion of the sale, the insider now directly owns 15,978 shares in the company, valued at C$1,594,576.79. In related news, Senior Officer Mark Ashley Redd sold 50,820 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of C$99.80, for a total value of C$5,071,748.18. Following the transaction, the insider now directly owns 15,978 shares in the company, valued at C$1,594,576.79. Also, Senior Officer James Dominic Luther Clements sold 26,235 shares of Canadian Pacific Railway stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of C$99.54, for a total transaction of C$2,611,452.89. Insiders have sold 79,425 shares of company stock valued at $7,925,898 over the last 90 days.

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.

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