Peter John Edwards Sells 15,300 Shares of Canadian Pacific Railway Ltd. (CP) Stock
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.
TRADEMARK VIOLATION NOTICE: This piece of content was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/29/peter-john-edwards-sells-15300-shares-of-canadian-pacific-railway-ltd-cp-stock.html.
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.
Receive News & Stock Ratings for Canadian Pacific Railway Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Ltd. and related stocks with our FREE daily email newsletter.