Canadian Pacific Railway (TSE:CP) Shares Cross Above 50 Day Moving Average of $305.50

Shares of Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $305.50 and traded as high as $308.54. Canadian Pacific Railway shares last traded at $306.26, with a volume of 70,725 shares trading hands.

A number of research firms have recently weighed in on CP. BMO Capital Markets lifted their price target on Canadian Pacific Railway from C$295.00 to C$315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Morgan Stanley cut their price target on Canadian Pacific Railway from C$277.00 to C$272.00 in a report on Thursday, April 4th. Desjardins cut Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Royal Bank of Canada lifted their price target on Canadian Pacific Railway from C$334.00 to C$337.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, National Bank Financial lifted their price target on Canadian Pacific Railway from C$295.00 to C$332.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Canadian Pacific Railway has an average rating of “Buy” and an average target price of C$302.23.

The stock has a market capitalization of $44.69 billion and a PE ratio of 21.55. The business has a fifty day moving average of C$305.84. The company has a current ratio of 0.76, a quick ratio of 0.61 and a debt-to-equity ratio of 136.62.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, April 23rd. The company reported C$2.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.99 by C($0.20). The company had revenue of C$1.77 billion during the quarter, compared to analysts’ expectations of C$1.76 billion. As a group, equities research analysts anticipate that Canadian Pacific Railway Ltd will post 16.3500002 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.83 per share. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, June 27th. This represents a $3.32 annualized dividend and a yield of 1.08%. Canadian Pacific Railway’s payout ratio is presently 23.20%.

Canadian Pacific Railway Company Profile (TSE:CP)

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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