Canadian Pacific Railway (CP) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Media headlines about Canadian Pacific Railway (NYSE:CP) (TSE:CP) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Canadian Pacific Railway earned a news impact score of 0.06 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 46.3291986652231 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- BRIEF-CP To Purchase Common Shares Under Specific Share Repurchase Programs (uk.reuters.com)
- Canadian Pacific Railway Limited (CP) Expected to Announce Quarterly Sales of $1.34 Billion (americanbankingnews.com)
- Canadian Pacific Railway Limited (CP) Expected to Announce Earnings of $2.61 Per Share (americanbankingnews.com)
- Should You Bet on a Low Canadian Dollar in 2018? (ca.finance.yahoo.com)
- Canadian Pacific Railway Limited (CP) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
A number of equities research analysts have commented on CP shares. National Bank Financial lowered Canadian Pacific Railway from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $219.00 to $207.00 in a research report on Wednesday, September 13th. Zacks Investment Research lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Argus raised their price objective on Canadian Pacific Railway from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Goldman Sachs Group started coverage on Canadian Pacific Railway in a research report on Monday, November 13th. They set a “neutral” rating and a $178.00 price objective for the company. Finally, BMO Capital Markets restated a “buy” rating and set a $238.00 price objective on shares of Canadian Pacific Railway in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $191.19.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.76 annualized dividend and a dividend yield of 0.98%. Canadian Pacific Railway’s dividend payout ratio is 18.62%.
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Canadian Pacific Railway Company Profile
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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