Brokerages Set Canadian Pacific Railway Limited (CP) PT at $232.58
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) has received an average recommendation of “Buy” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$234.42.
A number of equities research analysts have weighed in on CP shares. National Bank Financial boosted their target price on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 13th. Scotiabank boosted their target price on shares of Canadian Pacific Railway from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. CIBC upped their price objective on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a research note on Thursday. BMO Capital Markets upped their price objective on shares of Canadian Pacific Railway from C$245.00 to C$250.00 in a research note on Friday, December 1st. Finally, Raymond James Financial upped their price objective on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a research note on Thursday, October 19th.
In related news, insider John Kenneth Brooks sold 600 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$229.35, for a total transaction of C$137,610.00.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be given a dividend of $0.5625 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.98%. Canadian Pacific Railway’s payout ratio is presently 17.28%.
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About Canadian Pacific Railway
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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