Canadian Pacific Railway Limited

Xavier Trudeau
Août 3, 2017

Stifel Nicolaus boosted their price target on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a "buy" rating in a report on Tuesday, July 11th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.31. Scotiabank lifted their price objective on Canadian National Railway from C$105.00 to C$110.00 and gave the company an "outperform" rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Canadian Pacific Railway Limited in a report on Thursday, July 20th. Cowen and Company reaffirmed an "outperform" rating and set a $172.00 price target (down from $173.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, April 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the company's stock. Finally, Citigroup Inc. reiterated a "buy" rating and set a $180.00 price target (up previously from $165.00) on shares of Canadian Pacific Railway Limited in a report on Sunday, May 14th.

Canadian Pacific Railway Limited (NYSE CP) traded up 0.20% during midday trading on Tuesday, hitting $156.63. The company's stock had a trading volume of 407,918 shares. Canadian National Railway Company has a 1-year low of $61.11 and a 1-year high of $84.48. The stock's 50-day moving average is $159.73 and its 200 day moving average is $153.60.

ILLEGAL ACTIVITY NOTICE: This report was first published by BNB Daily and is owned by of BNB Daily. If you are viewing this news story on another domain, it was illegally copied and republished in violation of US and worldwide copyright & trademark laws.

Several other brokerages have also issued reports on CP.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.3276 dividend. This represents a $1.31 annualized dividend and a yield of 1.65%. Equities analysts anticipate that Canadian National Railway will post $5.13 earnings per share for the current fiscal year. Osborn Williams & Donohoe LLC's holdings in Canadian National Railway were worth $1,143,000 at the end of the most recent quarter. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

A number of hedge funds have recently bought and sold shares of CP. BTC Capital Management Inc. bought a new stake in shares of Canadian Pacific Railway Limited during the second quarter worth approximately $209,000. Vanguard Group Inc. increased its stake in Canadian Pacific Railway Limited by 5.0% in the first quarter. Park National Corp OH now owns 1,897 shares of the transportation company's stock worth $305,000 after buying an additional 63 shares during the last quarter. Guggenheim Capital LLC increased its stake in Canadian Pacific Railway Limited by 96.3% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company's stock worth $166,000 after buying an additional 35 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Canadian Pacific Railway Limited by 0.5% in the first quarter. OppenheimerFunds Inc. now owns 2,505,015 shares of the transportation company's stock valued at $368,038,000 after buying an additional 647,669 shares during the period. Aperio Group LLC now owns 46,169 shares of the transportation company's stock valued at $7,424,000 after buying an additional 3,828 shares in the last quarter. BB&T Corp now owns 2,379 shares of the transportation company's stock valued at $382,000 after buying an additional 843 shares during the period.

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. More interesting news about Canadian National Railway (USA) (NYSE:CNI) were released by: Fool.ca and their article: "Canadian National Railway Company: All Aboard the Profit Train!" published on May 17, 2017 as well as Fool.ca's news article titled: "Is Canadian National Railway Company a Top Pick Today?" with publication date: April 13, 2017. The Company's network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

D'autres rapports CampDesrEcrues

Discuter de cet article

SUIVRE NOTRE JOURNAL