Canadian Pacific Railway Limited Reaches New 52-Week High at $200.19 (CP)
Canadian Pacific Railway Limited (NYSE:CP)’s share price hit a new 52-week high during mid-day trading on Wednesday , Stock Ratings News reports. The stock traded as high as $200.19 and last traded at $199.62, with a volume of 288,159 shares changing hands. The stock had previously closed at $197.73.
CP has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Canadian Pacific Railway Limited from $196.00 to $204.00 in a research note on Friday, July 18th. They now have an “overweight” rating on the stock. Separately, analysts at CIBC upgraded shares of Canadian Pacific Railway Limited from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $182.71.
The stock has a 50-day moving average of $189. and a 200-day moving average of $167.3. The company has a market cap of $34.460 billion and a P/E ratio of 36.95.
Canadian Pacific Railway Limited (NYSE:CP) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.09 by $0.02. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company posted $1.43 earnings per share. Canadian Pacific Railway Limited’s revenue was up 12.3% compared to the same quarter last year. Analysts expect that Canadian Pacific Railway Limited will post $8.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 27th. Investors of record on Friday, September 26th will be given a dividend of $0.3259 per share. This represents a $1.30 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, September 24th.
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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