Canadian Pacific Railway Limited (CP) Insider Laird Joseph Pitz Sells 609 Shares
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) insider Laird Joseph Pitz sold 609 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59.
Shares of Canadian Pacific Railway Limited (CP) traded up 1.08% on Thursday, hitting $193.74. 322,925 shares of the stock traded hands. The stock has a market cap of $28.30 billion and a P/E ratio of 17.39. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $218.78. The stock’s 50 day moving average price is $194.12 and its 200 day moving average price is $202.64.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last released its earnings results on Wednesday, July 19th. The company reported C$2.77 EPS for the quarter, topping analysts’ consensus estimates of C$2.69 by C$0.08. The company had revenue of C$1.64 billion during the quarter, compared to analysts’ expectations of C$1.62 billion. Canadian Pacific Railway Limited had a net margin of 29.21% and a return on equity of 37.13%. On average, equities analysts expect that Canadian Pacific Railway Limited will post $11.50 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Thursday, September 28th.
Several equities research analysts recently commented on the stock. CIBC boosted their price objective on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a research note on Thursday, July 6th. Scotiabank boosted their price objective on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Royal Bank Of Canada boosted their price objective on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Finally, National Bank Financial lowered shares of Canadian Pacific Railway Limited from an “overweight” rating to a “sector perform” rating and dropped their price objective for the stock from C$219.00 to C$207.00 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and a consensus target price of C$214.54.
About Canadian Pacific Railway Limited
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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