Canadian Pacific Railway Ltd. (NYSE:CP) (TSE:CP) VP Peter John Edwards sold 15,300 shares of the stock in a transaction 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 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 document filed with the SEC, which is available at this link.
Shares of Canadian Pacific Railway Ltd. (NYSE:CP) opened at 149.24 on Monday. The stock’s 50 day moving average is $146.70 and its 200 day moving average is $142.53. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 19.97 and a beta of 1.08. Canadian Pacific Railway Ltd. has a 52-week low of $97.09 and a 52-week high of $157.34.
Canadian Pacific Railway (NYSE:CP) last issued its earnings results on Wednesday, October 19th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate 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 had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities analysts expect that Canadian Pacific Railway Ltd. will post $7.80 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Baker Ellis Asset Management LLC bought a new position in shares of Canadian Pacific Railway during the third quarter valued at $104,000. Advisory Services Network LLC bought a new position in shares of Canadian Pacific Railway during the second quarter valued at $105,000. Fifth Third Bancorp raised its position in shares of Canadian Pacific Railway by 5.2% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the company’s stock valued at $176,000 after buying an additional 68 shares during the last quarter. Schafer Cullen Capital Management Inc. bought a new position in shares of Canadian Pacific Railway during the third quarter valued at $209,000. Finally, Barnett & Company Inc. bought a new position in shares of Canadian Pacific Railway during the first quarter valued at $186,000. Institutional investors own 68.67% of the company’s stock.
Several analysts have recently commented on CP shares. Atlantic Securities started coverage on Canadian Pacific Railway in a report on Thursday, August 11th. They set an “overweight” rating for the company. Seaport Global Securities started coverage on Canadian Pacific Railway in a report on Monday, October 24th. They set a “buy” rating and a $165.00 price objective for the company. Susquehanna reiterated a “neutral” rating and set a $168.00 price objective (up previously from $167.00) on shares of Canadian Pacific Railway in a report on Saturday, October 22nd. Barclays PLC increased their price objective on Canadian Pacific Railway from $165.00 to $172.00 and gave the company an “overweight” rating in a report on Monday, September 12th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $220.00 target price (up previously from $215.00) on shares of Canadian Pacific Railway in a research note on Saturday, October 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $182.15.
Canadian Pacific Railway Company Profile