A number of other research analysts have also recently issued reports on CP. Desjardins cut shares of Canadian Pacific Railway from a buy rating to a hold rating in a report on Friday, April 12th. BMO Capital Markets lifted their price objective on shares of Inflarx to $64.00 and gave the company an outperform rating in a report on Wednesday, April 24th. National Bank Financial reiterated a sector perform spec overwgt rating on shares of Almaden Minerals in a report on Thursday, June 27th. Morgan Stanley lifted their price objective on shares of Canadian Pacific Railway from C$272.00 to C$277.00 in a report on Wednesday, April 24th. Finally, Royal Bank of Canada set a GBX 5,200 ($67.95) price objective on shares of London Stock Exchange Group and gave the company a buy rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$310.50.
TSE:CP traded up C$2.63 during trading hours on Monday, reaching C$310.54. The company had a trading volume of 137,939 shares, compared to its average volume of 308,985. The company has a current ratio of 0.76, a quick ratio of 0.61 and a debt-to-equity ratio of 136.62. The company has a market capitalization of $43.05 billion and a price-to-earnings ratio of 21.69. The stock has a 50-day moving average price of C$308.21. Canadian Pacific Railway has a twelve month low of C$228.35 and a twelve month high of C$318.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, June 27th. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 18.17%.
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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