Canadian Pacific Railway (TSE:CP) Hits New 1-Year High at $324.27

Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$324.27 and last traded at C$323.69, with a volume of 119282 shares. The stock had previously closed at C$315.82.

Several research analysts recently issued reports on CP shares. Royal Bank of Canada increased their price target on shares of Canadian Pacific Railway from C$356.00 to C$378.00 in a report on Friday, September 13th. BMO Capital Markets dropped their target price on Canadian Pacific Railway from C$335.00 to C$330.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. boosted their target price on Canadian Pacific Railway from C$345.00 to C$346.00 in a research report on Friday, October 4th. CIBC cut their target price on Canadian Pacific Railway from C$345.00 to C$327.00 in a research note on Tuesday, October 8th. Finally, National Bank Financial reduced their price target on Canadian Pacific Railway from C$335.00 to C$328.00 and set a “sector perform” rating for the company in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$334.56.

The company has a current ratio of 0.57, a quick ratio of 0.44 and a debt-to-equity ratio of 129.63. The firm has a market capitalization of $44.65 billion and a price-to-earnings ratio of 19.69. The stock’s 50 day moving average price is C$307.50 and its two-hundred day moving average price is C$307.05.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C$4.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$4.51 by C$0.10. The company had revenue of C$1.98 billion during the quarter, compared to analysts’ expectations of C$1.99 billion. On average, sell-side analysts forecast that Canadian Pacific Railway Ltd will post 16.3499992 earnings per share for the current fiscal year.

In other Canadian Pacific Railway news, Senior Officer Michael Redeker sold 6,100 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of C$295.42, for a total transaction of C$1,802,090.67. Following the transaction, the insider now directly owns 791 shares in the company, valued at C$233,680.94.

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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