Canadian Pacific Railway (TSE:CP) Trading 7.8% Higher

Canadian Pacific Railway Limited (TSE:CP – Get Rating) (NYSE:CP)’s share price traded up 7.8% during trading on Wednesday . The company traded as high as C$108.12 and last traded at C$107.59. 771,886 shares were traded during mid-day trading, a decline of 40% from the average session volume of 1,281,282 shares. The stock had previously closed at C$99.80.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CP shares. Atb Cap Markets restated an “outperform” rating on shares of Canadian Pacific Railway in a report on Tuesday, December 20th. Raymond James upped their price objective on Canadian Pacific Railway from C$105.00 to C$115.00 in a research report on Tuesday, January 24th. CIBC lowered their price objective on Canadian Pacific Railway from C$128.00 to C$125.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 1st. Barclays increased their target price on Canadian Pacific Railway from C$115.00 to C$120.00 in a research report on Tuesday, February 7th. Finally, Scotiabank increased their target price on Canadian Pacific Railway from C$116.00 to C$122.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$107.50.

Canadian Pacific Railway Stock Up 3.0 %

The firm has a 50 day moving average price of C$104.65 and a 200-day moving average price of C$102.27. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 51.23. The firm has a market cap of C$101.73 billion, a PE ratio of 29.38, a PEG ratio of 2.48 and a beta of 0.84.

Canadian Pacific Railway (TSE:CP – Get Rating) (NYSE:CP) last announced its quarterly earnings data on Tuesday, January 31st. The company reported C$1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.06 by C$0.04. The business had revenue of C$2.46 billion during the quarter, compared to analysts’ expectations of C$2.45 billion. Canadian Pacific Railway had a return on equity of 9.67% and a net margin of 39.90%. Research analysts forecast that Canadian Pacific Railway Limited will post 4.3110354 EPS for the current fiscal year.

Canadian Pacific Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Friday, March 31st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, March 30th. Canadian Pacific Railway’s payout ratio is 20.43%.

Insider Buying and Selling

In related news, Senior Officer Keith E. Creel sold 1,629 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The stock was sold at an average price of C$103.57, for a total transaction of C$168,713.25. Following the completion of the sale, the insider now owns 72,960 shares in the company, valued at C$7,556,365.06. 0.02% of the stock is owned by company insiders.

About Canadian Pacific Railway

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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.