Canadian Pacific Railway Ltd. (NYSE:CP) (TSE:CP) VP Peter John Edwards sold 15,300 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $149.60, for a total transaction of $2,288,880.00. Following the sale, the vice president now directly owns 16,333 shares of the company’s stock, valued at approximately $2,443,416.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Canadian Pacific Railway Ltd. (NYSE:CP) opened at 148.36 on Tuesday. The company’s 50-day moving average is $146.59 and its 200-day moving average is $142.68. Canadian Pacific Railway Ltd. has a 52-week low of $97.09 and a 52-week high of $157.34. The stock has a market cap of $21.70 billion, a PE ratio of 19.85 and a beta of 1.08.

Canadian Pacific Railway (NYSE:CP) last issued its earnings results on Wednesday, October 19th. The company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by $0.06. Canadian Pacific Railway had a return on equity of 30.92% and a net margin of 24.33%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the firm earned $2.69 earnings per share. Canadian Pacific Railway’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities analysts anticipate that Canadian Pacific Railway Ltd. will post $7.80 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the company. Baker Ellis Asset Management LLC purchased a new position in shares of Canadian Pacific Railway during the third quarter worth approximately $104,000. Advisory Services Network LLC purchased a new position in shares of Canadian Pacific Railway during the second quarter worth approximately $105,000. Fifth Third Bancorp increased its position in shares of Canadian Pacific Railway by 5.2% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the company’s stock worth $176,000 after buying an additional 68 shares during the period. Barnett & Company Inc. purchased a new position in shares of Canadian Pacific Railway during the first quarter worth approximately $186,000. Finally, Schafer Cullen Capital Management Inc. purchased a new position in shares of Canadian Pacific Railway during the third quarter worth approximately $209,000. 68.67% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on CP. Seaport Global Securities began coverage on shares of Canadian Pacific Railway in a report on Monday, October 24th. They issued a “buy” rating and a $165.00 target price for the company. Vertical Research began coverage on shares of Canadian Pacific Railway in a report on Tuesday, October 11th. They issued a “buy” rating for the company. Scotiabank reaffirmed an “outperform” rating and issued a $220.00 target price (up previously from $210.00) on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. TD Securities reaffirmed a “hold” rating and issued a $205.00 target price on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $220.00 target price (up previously from $215.00) on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $182.15.

About Canadian Pacific Railway

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

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