Canadian Pacific Railway Ltd (TSE:CP) Senior Officer Sells C$72,456.90 in Stock

Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) Senior Officer Michael Redeker sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$315.03, for a total value of C$72,456.90. Following the completion of the transaction, the insider now directly owns 791 shares of the company’s stock, valued at approximately C$249,188.73.

Shares of CP stock opened at C$318.65 on Wednesday. The business’s 50 day simple moving average is C$311.90 and its 200 day simple moving average is C$294.07. Canadian Pacific Railway Ltd has a one year low of C$228.35 and a one year high of C$323.71. The stock has a market capitalization of $44.44 billion and a PE ratio of 19.39. The company has a debt-to-equity ratio of 124.55, a current ratio of 0.67 and a quick ratio of 0.50.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its earnings results on Tuesday, July 16th. The company reported C$4.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$4.19 by C$0.11. The company had revenue of C$1.98 billion during the quarter, compared to the consensus estimate of C$1.97 billion. As a group, research analysts expect that Canadian Pacific Railway Ltd will post 16.3500009 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, September 26th. Canadian Pacific Railway’s payout ratio is presently 16.92%.

CP has been the topic of several analyst reports. Morgan Stanley upped their target price on Canadian Pacific Railway from C$272.00 to C$277.00 in a report on Wednesday, April 24th. BMO Capital Markets upped their target price on Canadian Pacific Railway from C$315.00 to C$335.00 in a report on Monday, July 8th. Raymond James cut Canadian Pacific Railway from a “strong-buy” rating to an “outperform” rating and set a C$340.00 target price on the stock. in a report on Monday, July 15th. Desjardins upped their target price on Canadian Pacific Railway from C$319.00 to C$330.00 in a report on Wednesday, July 17th. Finally, CIBC upped their target price on Canadian Pacific Railway from C$326.00 to C$345.00 in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$331.80.

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 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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Insider Buying and Selling by Quarter for Canadian Pacific Railway (TSE:CP)

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