Insider Selling: Canadian Pacific Railway Limited (CP) Insider Sells 1,000 Shares of Stock

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) insider James Dominic Luther Clements sold 1,000 shares of Canadian Pacific Railway stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of C$230.21, for a total transaction of C$230,210.00.

Shares of Canadian Pacific Railway Limited (TSE CP) opened at C$230.46 on Friday. The company has a market cap of $33,400.00, a price-to-earnings ratio of 14.00 and a beta of 0.84. Canadian Pacific Railway Limited has a 1 year low of C$189.57 and a 1 year high of C$234.97.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio is presently 12.91%.

Several equities analysts recently issued reports on CP shares. JPMorgan Chase & Co. lifted their price target on shares of Canadian Pacific Railway from C$272.00 to C$276.00 in a report on Thursday, January 11th. CIBC lifted their price target on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a report on Thursday, January 4th. TD Securities lifted their price target on shares of Canadian Pacific Railway from C$220.00 to C$225.00 in a report on Wednesday, October 18th. BMO Capital Markets lifted their price target on shares of Canadian Pacific Railway from C$245.00 to C$250.00 in a report on Friday, December 1st. Finally, Raymond James Financial raised their price objective on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$249.54.

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About Canadian Pacific Railway

Canadian Pacific Railway Limited, 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’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

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