The shares of Canadian Pacific Railway Limited (NYSE: CP) (TSE: CP) will split on Monday, May 17th. The 5: 1 split was announced on Wednesday April 21st. The newly created shares will be issued to shareholders after the closing bell on Friday, May 14th.
CP shares opened at $ 373.13 on Friday. The company has a market cap of $ 49.74 billion, a value for money of 29.76, a PEG ratio of 2.60, and a beta of 0.93. The Canadian Pacific Railway has a 1-year low of $ 214.54 and a 1-year high of $ 390.46. The company’s 50-day simple moving average is $ 371.71 and the company’s 200-day simple moving average is $ 349.15. The company has a current rate of 0.60, a quick rate of 0.51, and a leverage ratio of 1.18.
The Canadian Pacific Railway (NYSE: CP) (TSE: CP) last released its results on Tuesday, April 20th. The transportation company reported earnings of $ 4.48 per share for the quarter, beating Zacks’ consensus estimate of $ 3.47 by $ 1.01. The company had revenue of $ 1.96 billion for the quarter, compared to the consensus estimate of $ 1.98 billion. The Canadian Pacific Railway had a net margin of 29.66% and a return on equity of 32.77%. The company’s quarterly revenue declined 4.0% year over year. For the same period last year, the company posted earnings of $ 4.42 per share. Analysts as a group predict that Canadian Pacific Railway will achieve earnings per share of 13.57 this year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 26th. A dividend of $ 0.7565 per share will be paid to registered investors on Friday June 25th. This equates to an annual dividend of $ 3.03 and a yield of 0.81%. This is an increase over the Canadian Pacific Railway’s previous quarterly dividend of $ 0.74. The ex-dividend day of this dividend is Thursday June 24th. The Canadian Pacific Railway’s payout ratio is currently 24.05%.
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A number of brokers recently charged CP. TD Securities cut its target price on shares in the Canadian Pacific Railway from $ 540.00 to $ 525.00 and issued a buy rating on the stock in a report on Thursday, April 22nd. Argus raised its target price on shares in the Canadian Pacific Railway from $ 350.00 to $ 390.00 and rated the company a “Buy” in a report on Thursday, February 4th. Cowen reiterated a buy rating on shares in the Canadian Pacific Railway in a report on Tuesday April 20. Wells Fargo & Company raised its target price on shares of the Canadian Pacific Railway from $ 401.00 to $ 418.00 and rated the company as overweight in a report on Monday March 29th. Finally, in a report on Thursday April 15, Barclays upgraded the shares of Canadian Pacific Railway from an “equilibrium” rating to an “overweight” rating and raised its price target for the company from $ 390.00 to $ 440.00 . Three research analysts for stocks have given the stock a hold rating and twenty a buy rating. The company currently has an average “Buy” rating and an average price target of $ 434.77.
Institutional investors and hedge funds have recently bought and sold shares in the stock. The Healthcare of Ontario Pension Fund Trust increased its position on the Canadian Pacific Railway by 1,132.6% in the fourth quarter. The Healthcare of Ontario Pension Fund’s retirement fund now owns 56,307 shares in the transportation company valued at $ 19,538,000 after purchasing an additional 51,739 shares during the period. Wells Fargo & Company MN increased its position on the Canadian Pacific Railway by 3.0% in the fourth quarter. Wells Fargo & Company MN now owns 283,151 shares in the transportation company valued at $ 98,166,000 after purchasing an additional 8,208 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position on the Canadian Pacific Railway by 1.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 519,052 shares in the transportation company valued at $ 180,029,000 after purchasing an additional 8,583 shares during the period. Dimensional Fund Advisors LP added 0.7% to its position in the Canadian Pacific Railway in the fourth quarter. Dimensional Fund Advisors LP now owns 117,933 shares in the transportation company valued at $ 40,886,000 after purchasing an additional 851 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its stake in Canadian Pacific Railway by 1.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 89,005 shares in the transportation company, valued at $ 30,852,000, after purchasing an additional 1,610 shares last quarter. 69.29% of the shares are owned by institutional investors and hedge funds.
Via the Canadian Pacific Railway
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental rail freight company in Canada and the United States. The company transports bulk goods such as grain, coal, potash, fertilizers and sulfur. and cargo freight such as energy, chemicals and plastics, metals, minerals, and consumer, automotive and forestry products.
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