Canadian Pacific Railway Limited Reaches New 52-Week High at $203.34 (CP)
Canadian Pacific Railway Limited (NYSE:CP) shares reached a new 52-week high during trading on Tuesday , American Banking News reports. The stock traded as high as $203.34 and last traded at $202.86, with a volume of 390,078 shares traded. The stock had previously closed at $200.60.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Canadian Pacific Railway Limited currently has a consensus rating of “Buy” and an average price target of $182.71.
The stock has a 50-day moving average of $193.2 and a 200-day moving average of $170.0. The company has a market cap of $35.172 billion and a price-to-earnings ratio of 37.30.
Canadian Pacific Railway Limited (NYSE:CP) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Canadian Pacific Railway Limited will post $8.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 27th. Stockholders 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 0.65%. 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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