Insider Selling: Canadian Pacific Railway Ltd (TSE:CP) Senior Officer Sells 230 Shares of Stock

Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) Senior Officer Michael Redeker sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$315.03, for a total transaction of C$72,456.90. Following the transaction, the insider now owns 791 shares in the company, valued at approximately C$249,188.73.

Shares of TSE:CP traded up C$5.61 during midday trading on Friday, reaching C$315.84. The company’s stock had a trading volume of 192,200 shares, compared to its average volume of 304,501. The firm has a market capitalization of $43.77 billion and a PE ratio of 19.22. Canadian Pacific Railway Ltd has a twelve month low of C$228.35 and a twelve month high of C$323.71. The stock has a fifty day moving average of C$311.10 and a 200 day moving average of C$293.46. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 124.55.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its quarterly earnings data on Tuesday, July 16th. The company reported C$4.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$4.19 by C$0.11. The business had revenue of C$1.98 billion during the quarter, compared to analyst estimates of C$1.97 billion. Sell-side analysts anticipate that Canadian Pacific Railway Ltd will post 16.3500009 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be paid a $0.83 dividend. The ex-dividend date is Thursday, September 26th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.05%. Canadian Pacific Railway’s payout ratio is currently 16.92%.

A number of research analysts have issued reports on CP shares. CIBC upped their price target on shares of Canadian Pacific Railway from C$326.00 to C$345.00 in a research note on Wednesday, July 17th. Raymond James lowered shares of Canadian Pacific Railway from a “strong-buy” rating to an “outperform” rating and set a C$340.00 price target on the stock. in a research note on Monday, July 15th. Desjardins upped their price target on shares of Canadian Pacific Railway from C$319.00 to C$330.00 in a research note on Wednesday, July 17th. Royal Bank of Canada upped their price target on shares of Canadian Pacific Railway from C$342.00 to C$356.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley upped their price target on shares of Canadian Pacific Railway from C$272.00 to C$277.00 in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$331.80.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Insider Buying and Selling by Quarter for Canadian Pacific Railway (TSE:CP)

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