Canadian Pacific Railway (TSE:CP) Sets New 12-Month High at $108.18

Canadian Pacific Railway Limited (TSE:CPGet Rating) (NYSE:CP)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$108.18 and last traded at C$108.15, with a volume of 128200 shares changing hands. The stock had previously closed at C$106.46.

Analysts Set New Price Targets

Several research firms have weighed in on CP. Scotiabank lifted their price objective on Canadian Pacific Railway from C$100.00 to C$102.00 in a research report on Thursday, October 27th. Barclays boosted their price target on Canadian Pacific Railway from C$105.00 to C$110.00 in a research report on Thursday, October 27th. Raymond James boosted their price target on Canadian Pacific Railway from C$100.00 to C$105.00 and gave the stock a “market perform” rating in a research report on Thursday, October 27th. UBS Group boosted their price target on Canadian Pacific Railway from C$111.00 to C$117.00 in a research report on Thursday, October 27th. Finally, CIBC boosted their price target on Canadian Pacific Railway from C$106.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$101.06.

Canadian Pacific Railway Price Performance

The firm has a market capitalization of C$100.17 billion and a P/E ratio of 34.41. The company has a debt-to-equity ratio of 55.15, a quick ratio of 0.42 and a current ratio of 0.59. The firm has a 50-day moving average of C$98.54 and a 200-day moving average of C$96.43.

Canadian Pacific Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.19. This represents a $3.60 dividend on an annualized basis and a yield of 3.34%. Canadian Pacific Railway’s payout ratio is currently 24.28%.

Insider Buying and Selling at Canadian Pacific Railway

In other Canadian Pacific Railway news, Senior Officer Keith E. Creel sold 1,630 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of C$103.75, for a total transaction of C$169,118.10. Following the completion of the sale, the insider now directly owns 72,960 shares in the company, valued at approximately C$7,569,850.47.

Canadian Pacific Railway Company Profile

(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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