Canadian Pacific Railway (CP) Sets New 12-Month High at $306.33

Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) shares hit a new 52-week high on Thursday . The stock traded as high as C$306.33 and last traded at C$305.97, with a volume of 175930 shares. The stock had previously closed at C$299.17.

Several research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Canadian Pacific Railway from C$272.00 to C$277.00 in a report on Wednesday, April 24th. Desjardins cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. BMO Capital Markets boosted their price target on shares of Canadian Pacific Railway from C$295.00 to C$315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada boosted their price target on shares of Canadian Pacific Railway from C$334.00 to C$337.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, National Bank Financial boosted their price target on shares of Canadian Pacific Railway from C$295.00 to C$332.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$302.23.

The company has a debt-to-equity ratio of 136.62, a quick ratio of 0.61 and a current ratio of 0.76. The stock has a market cap of $41.95 billion and a PE ratio of 21.41.



The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 1.08%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, June 27th. Canadian Pacific Railway’s dividend payout ratio is currently 18.17%.

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About Canadian Pacific Railway (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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