Canadian Pacific Railway (TSE:CP) (NYSE:CP) had its price target boosted by National Bank Financial from C$286.00 to C$303.00 in a research note published on Friday. The firm currently has a sector perform rating on the stock.
CP has been the subject of a number of other research reports. Raymond James upgraded Canadian Pacific Railway from an outperform rating to a strong-buy rating and upped their price objective for the company from C$260.00 to C$275.00 in a research report on Monday, July 9th. Canaccord Genuity upped their price objective on Canadian Pacific Railway from C$225.00 to C$230.00 in a research report on Tuesday, July 10th. CIBC upped their price objective on Canadian Pacific Railway from C$270.00 to C$280.00 in a research report on Wednesday, June 20th. Cormark upgraded Canadian Pacific Railway from a market perform rating to a c$254.60 rating and upped their price objective for the company from C$230.00 to C$275.00 in a research report on Thursday, July 19th. Finally, Morgan Stanley upped their price objective on Canadian Pacific Railway from C$247.00 to C$260.00 and gave the company a c$254.60 rating in a research report on Thursday, July 19th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$279.00.
Canadian Pacific Railway stock opened at C$285.56 on Friday. Canadian Pacific Railway has a one year low of C$204.93 and a one year high of C$289.74.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 29th. Shareholders of record on Friday, September 28th will be given a $0.65 dividend. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.60 dividend on an annualized basis and a yield of 0.91%.
In other Canadian Pacific Railway news, insider Laird Joseph Pitz sold 700 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of C$269.66, for a total value of C$188,762.00. Also, insider Jeffrey Ellis sold 100 shares of the company’s stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of C$252.74, for a total value of C$25,274.00. In the last 90 days, insiders sold 2,264 shares of company stock valued at $605,070.
Canadian Pacific Railway Company Profile
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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.
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