Canadian Pacific Railway Limited Declares Quarterly Dividend of $0.32 (CP)
Canadian Pacific Railway Limited (NYSE:CP) announced a quarterly dividend on Friday, February 21st, AmericanBankingNews.com reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.3192 per share on Monday, April 28th. This represents a $1.28 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Wednesday, March 26th.
A number of research firms have recently commented on CP. Analysts at Cowen and Company upgraded shares of Canadian Pacific Railway Limited from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 30th. They now have a $174.00 price target on the stock, up previously from $152.00. Analysts at Zacks reiterated a “neutral” rating on shares of Canadian Pacific Railway Limited in a research note on Tuesday, January 21st. They now have a $157.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Canadian Pacific Railway Limited has a consensus rating of “Buy” and an average target price of $143.50.
Shares of Canadian Pacific Railway Limited (NYSE:CP) traded down 0.08% on Friday, hitting $156.22. 459,643 shares of the company’s stock traded hands. Canadian Pacific Railway Limited has a 52 week low of $113.82 and a 52 week high of $157.37. The stock has a 50-day moving average of $149.9 and a 200-day moving average of $139.3. The company has a market cap of $27.401 billion and a P/E ratio of 30.93.
Canadian Pacific Railway Limited (NYSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $1.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.87 by $0.04. The company had revenue of $1.61 billion for the quarter. During the same quarter last year, the company posted $1.28 earnings per share. Canadian Pacific Railway Limited’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Canadian Pacific Railway Limited will post $8.54 EPS for the current fiscal year.
Canadian Pacific Railway Limited (NYSE:CP) has 14,700-mile network serving the principal business centres of Canada, from Montreal to Vancouver, British Columbia and the United States Midwest and Northeast regions.
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