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.
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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