Canadian Pacific Railway Limited (CP) Given Average Rating of “Buy” by Brokerages

Shares of Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) have received a consensus rating of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$249.54.

A number of research firms have recently commented on CP. BMO Capital Markets restated an “outperform” rating and set a C$245.00 price objective on shares of Canadian Pacific Railway in a report on Thursday, November 9th. Raymond James Financial upped their price objective on Canadian Pacific Railway from C$230.00 to C$245.00 in a report on Thursday, October 19th. JPMorgan Chase & Co. upped their price objective on Canadian Pacific Railway from C$262.00 to C$265.00 in a report on Wednesday, October 18th. Macquarie set a C$250.00 price objective on Canadian Pacific Railway and gave the stock an “outperform” rating in a report on Friday, January 12th. Finally, UBS Group dropped their price objective on Canadian Pacific Railway from C$270.00 to C$266.00 in a report on Friday, January 19th.

Canadian Pacific Railway (TSE CP) opened at C$230.46 on Friday. The firm has a market capitalization of $33,400.00, a price-to-earnings ratio of 14.00 and a beta of 0.84. Canadian Pacific Railway has a twelve month low of C$189.57 and a twelve month high of C$234.97.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be issued a $0.5625 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.25 annualized dividend and a yield of 0.98%. Canadian Pacific Railway’s dividend payout ratio is currently 12.91%.

In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$229.35, for a total value of C$137,610.00. Also, insider James Dominic Luther Clements sold 1,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of C$230.21, for a total transaction of C$230,210.00.

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Canadian Pacific Railway Company Profile

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.

Analyst Recommendations for Canadian Pacific Railway (TSE:CP)

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