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.
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.
See Also: QQQ ETF
Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.