The company is so far trading up by 1.84 percent from yesterday’s close. It is currently trading at $164.31 which is a tad above the 50 day moving average of $156.77 and a tad above the 200 day moving average of $151.05. The 50 day moving average went up $7.65 or +4.88% whereas the 200 day average was up by +8.85%.
Canadian Pacific Railway Limite (NYSE:CP) has been the object of insider selling activity recently. Mark Kenneth Wallace, VP Corp Affrs & Chief of Staff disclosed the sale of 577 shares of (CP). The shares were purchased at an average price of $154.36. The VP Corp Affrs & Chief of Staff now owns $6,946 of the stock according to the SEC filing. VP Corp Affrs & Chief of Staff Mark Kenneth Wallace let go of 8,080 shares at an average price of $150.18 on Mon the 23rd. The VP Corp Affrs & Chief of Staff now owns $0 of the stock as recorded in a recent Form 4 SEC filing.
CEO E. Hunter Harrison disclosed the sale of 178,617 shares of CP stock. The shares were sold on January 20th for an average price of $150.81. Harrison now owns $0 of the stock per the Form 4 SEC filing.
Canadian Pacific Railway Limited, launched on October 1, 2001, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles, serving the business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia and the United States Northeast and Midwest regions. Its railway feeds directly into the United States heartland from the east and west coasts. Its Bulk commodities include grain, coal, potash, fertilizers and sulfur. Its Merchandise freight consists of finished vehicles and machinery, as well as forest and industrial and consumer products. Its Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck. Its subsidiaries include Canadian Pacific Railway Company, Soo Line Railroad Company, Delaware and Hudson Railway Company, Inc., Dakota, Minnesota & Eastern Railroad Corporation and Mount Stephen Properties Inc..
Here are a few other firms who have also updated their positions. As of quarter end Gateway Investment Advisers LLC had disposed of a total of 3,629 shares trimming its position 6.0%. The value of the investment in CP went from $8,868,000 to $9,123,000 a change of 2.9% since the last quarter. As of the end of the quarter Bank Of Montreal /can/ had sold 16,600 shares trimming its stake by 83.0%. The value in dollars decreased from $2,938,000 to $547,000 a change of $2,391,000 for the reporting period.
New England Research & Management, Inc. divested its position by selling 50 shares a decrease of 1.5% as of 06/30/2017. New England Research & Management, Inc. now holds 3,340 shares worth $537,000. The value of the position overall is up by 7.8%. Atria Investments LLC cut its investment by shedding 2,899 shares a decrease of 67.8% in the quarter. Atria Investments LLC owns 1,375 shares valued at $221,000. The total value of its holdings decreased 63.8%.
Seaport Global starting coverage on CP setting a rating of “Buy”. On October 17 the stock rating was downgraded to “Outperform” from “Strong Buy” in an announcement from Raymond James.
September 13 investment analysts at Citigroup left the stock rating at “Overweight” and raised the price target from $155.00 to $172.00. On September 12 Barclays left the company rating at “Overweight” and raised the price expectation to $172.00 from $142.00.
On July 21, 2016 the stock rating was set at “Neutral” according to a Buckingham Research report which was a cut from the previous “Outperform” rating. On July 18 the company was downgraded from “Overweight” to “Equal-weight” and a price target of $11.00 was set in a report from Morgan Stanley.
Additionally Canadian Pacific Railway Limite declared a dividend that will be paid on Monday the 31st of July 2017. The dividend will be $0.380 per share for the quarter or $1.52 annualized. This dividend represents a yeild of $1.05 which is the dividend as a percentage of the current share price. The ex-dividend date will be Wednesday June 28th, 2017.
Canadian Pacific Railway Limite’s P/E ratio is 21.34 and the market cap is 24.12B. In the last earnings report the EPS was $7.70 and is estimated to be $8.85 for the current year with 146,694,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $2.38 and the next full year EPS is projected to be $10.01.