Today, 15,300 Shares of Canadian Pacific Railway Ltd. (CP) Stock are sold by Peter John Edwards

Today, 15,300 Shares of Canadian Pacific Railway Ltd. (CP) Stock are sold by Peter John Edwards

Canadian Pacific Railway Ltd. (NYSE:CP) (TSE:CP) VP Peter John Edwards sold 15,300 shares of Canadian Pacific Railway stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $149.60, for a total transaction of $2,288,880.00. Following the transaction, the vice president now directly owns 16,333 shares in the company, valued at $2,443,416.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Canadian Pacific Railway Ltd. (NYSE:CP) opened at 148.36 on Tuesday. Canadian Pacific Railway Ltd. has a one year low of $97.09 and a one year high of $157.34. The stock has a 50 day moving average of $146.59 and a 200-day moving average of $142.68. The stock has a market cap of $21.70 billion, a P/E ratio of 19.85 and a beta of 1.08.

Canadian Pacific Railway (NYSE:CP) last released its quarterly earnings data on Wednesday, October 19th. The company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by $0.06. The business earned $1.55 billion during the quarter, compared to analyst estimates of $1.26 billion. Canadian Pacific Railway had a return on equity of 30.92% and a net margin of 24.33%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 EPS. Analysts anticipate that Canadian Pacific Railway Ltd. will post $7.80 EPS for the current year.

A number of research firms have recently issued reports on CP. BMO Capital Markets reissued an “outperform” rating and issued a $220.00 price target (up from $215.00) on shares of Canadian Pacific Railway in a research note on Saturday, October 22nd. Desjardins restated a “buy” rating and issued a $227.00 price objective (up previously from $212.00) on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. Scotiabank restated an “outperform” rating and issued a $220.00 price objective (up previously from $210.00) on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. Susquehanna restated a “neutral” rating and issued a $168.00 price objective (up previously from $167.00) on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. Finally, RBC Capital Markets restated an “outperform” rating and issued a $230.00 price objective (down previously from $237.00) on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have given a buy rating to the stock. Canadian Pacific Railway has a consensus rating of “Buy” and an average price target of $182.15.

Institutional investors have recently added to or reduced their stakes in the company. Capital Fund Management S.A. increased its position in Canadian Pacific Railway by 217.4% in the second quarter. Capital Fund Management S.A. now owns 324,039 shares of the company’s stock worth $41,733,000 after buying an additional 221,961 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in Canadian Pacific Railway by 31.9% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 266,300 shares of the company’s stock worth $44,294,000 after buying an additional 64,391 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Canadian Pacific Railway by 0.7% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 411,451 shares of the company’s stock worth $52,729,000 after buying an additional 2,971 shares in the last quarter. CIBC Asset Management Inc increased its position in Canadian Pacific Railway by 139.6% in the second quarter. CIBC Asset Management Inc now owns 1,316,244 shares of the company’s stock worth $168,797,000 after buying an additional 766,796 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its position in Canadian Pacific Railway by 0.5% in the second quarter. Cidel Asset Management Inc. now owns 527,994 shares of the company’s stock worth $67,508,000 after buying an additional 2,600 shares in the last quarter. 68.67% of the stock is owned by hedge funds and other institutional investors.

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