A number of other analysts have also recently commented on the company. National Bank Financial raised Canadian Pacific Railway from a sector perform rating to an outperform rating and set a C$303.00 price target for the company in a research note on Friday. Royal Bank of Canada upped their price target on Canadian Pacific Railway from C$329.00 to C$331.00 and gave the company an outperform rating in a research note on Friday. CIBC upped their price target on Canadian Pacific Railway from C$300.00 to C$310.00 in a research note on Tuesday, October 9th. Desjardins upped their price target on Canadian Pacific Railway from C$274.00 to C$311.00 in a research note on Tuesday, October 9th. Finally, TD Securities raised Canadian Pacific Railway from a hold rating to a buy rating and upped their price target for the company from C$290.00 to C$325.00 in a research note on Friday, October 5th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of C$288.50.
TSE:CP traded up C$0.52 on Friday, hitting C$261.11. 471,900 shares of the stock were exchanged, compared to its average volume of 336,200. Canadian Pacific Railway has a 52 week low of C$212.50 and a 52 week high of C$291.56.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 29th. Investors of record on Friday, September 28th will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.56. This represents a $2.60 annualized dividend and a dividend yield of 1.00%.
In related news, insider Jeffrey Ellis sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, July 25th. The stock was sold at an average price of C$252.74, for a total value of C$25,274.00. Also, insider Laird Joseph Pitz sold 700 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of C$269.66, for a total value of C$188,762.00. Insiders sold a total of 2,264 shares of company stock valued at $605,070 over the last quarter.
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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.
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