Canadian Pacific Railway Ltd. (NYSE:CP) (TSE:CP) VP Peter John Edwards sold 15,300 shares of Canadian Pacific Railway stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $149.60, for a total value of $2,288,880.00. Following the completion of the sale, the vice president now directly owns 16,333 shares in the company, valued at approximately $2,443,416.80. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Canadian Pacific Railway Ltd. (NYSE:CP) traded up 0.06% during midday trading on Friday, hitting $149.24. 157,945 shares of the stock were exchanged. The stock’s 50 day moving average is $147.03 and its 200 day moving average is $142.44. The firm has a market cap of $21.83 billion, a P/E ratio of 19.86 and a beta of 1.08. Canadian Pacific Railway Ltd. has a 12-month low of $97.09 and a 12-month high of $157.34.
Canadian Pacific Railway (NYSE:CP) last released its earnings results on Wednesday, October 19th. The company reported $2.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by $0.06. Canadian Pacific Railway had a return on equity of 30.92% and a net margin of 24.33%. The company earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the company earned $2.69 EPS. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Canadian Pacific Railway Ltd. will post $7.78 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on CP shares. Loop Capital reissued a “hold” rating on shares of Canadian Pacific Railway in a research note on Friday, September 9th. Vertical Research started coverage on Canadian Pacific Railway in a research note on Tuesday, October 11th. They set a “buy” rating on the stock. Raymond James Financial Inc. lowered Canadian Pacific Railway from a “strong-buy” rating to an “outperform” rating in a research note on Monday, October 17th. Credit Suisse Group AG reissued a “buy” rating and set a $172.00 price target on shares of Canadian Pacific Railway in a research note on Tuesday, September 13th. Finally, Citigroup Inc. boosted their price target on Canadian Pacific Railway from $154.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $182.15.
Large investors have recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC bought a new stake in Canadian Pacific Railway during the third quarter worth about $104,000. Advisory Services Network LLC bought a new stake in Canadian Pacific Railway during the second quarter worth about $105,000. Fifth Third Bancorp increased its stake in Canadian Pacific Railway by 5.2% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the company’s stock worth $176,000 after buying an additional 68 shares during the last quarter. Barnett & Company Inc. acquired a new position in Canadian Pacific Railway during the first quarter worth $186,000. Finally, Schafer Cullen Capital Management Inc. acquired a new position in Canadian Pacific Railway during the third quarter worth $209,000. Institutional investors own 72.74% of the company’s stock.
Canadian Pacific Railway Company Profile