Canadian Pacific Railway Limited (NYSE:CP) Given Daily Media Impact Rating of 0.12
News articles about Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Canadian Pacific Railway Limited earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 47.1006421789327 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Connable Office Inc. Purchases New Stake in Canadian Pacific Railway Limited (CP) (wisdomsave.com)
- Wolfe Research Lowers Canadian Pacific Railway Limited (NYSE:CP) to Market Perform (techkenyot.com)
- Share Spotlight on Canadian Pacific Railway Ltd (CP.TO) : Technicals in Focus – Evergreen Caller (evergreencaller.com)
- See what the IHS Markit Score report has to say about Canadian Pacific Railway Ltd. (finance.yahoo.com)
- Inside Genesee & Wyoming’s 2Q17 Operating Margins (finance.yahoo.com)
CP has been the subject of several recent research reports. Loop Capital cut shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating and decreased their price target for the company from $157.34 to $119.50 in a research report on Friday, April 21st. They noted that the move was a valuation call. Barclays PLC reissued an “overweight” rating and issued a $174.00 price target (down previously from $177.00) on shares of Canadian Pacific Railway Limited in a research report on Saturday, April 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $164.00 price target (down previously from $165.00) on shares of Canadian Pacific Railway Limited in a research report on Saturday, April 22nd. Cowen and Company reissued an “outperform” rating and issued a $172.00 price target (down previously from $173.00) on shares of Canadian Pacific Railway Limited in a research report on Sunday, April 23rd. Finally, Citigroup Inc. reissued a “buy” rating and issued a $180.00 price target (up previously from $165.00) on shares of Canadian Pacific Railway Limited in a research report on Sunday, May 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company’s stock. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and an average price target of $187.37.
Shares of Canadian Pacific Railway Limited (NYSE CP) traded down 0.60% during midday trading on Thursday, reaching $153.07. 578,777 shares of the company traded hands. Canadian Pacific Railway Limited has a 12 month low of $139.29 and a 12 month high of $167.52. The firm has a market capitalization of $22.36 billion, a P/E ratio of 17.24 and a beta of 1.09. The company has a 50 day moving average of $159.73 and a 200 day moving average of $153.82.
Canadian Pacific Railway Limited declared that its board has approved a share buyback plan on Wednesday, May 10th that authorizes the company to buyback 4,380,000 outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.4411 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.15%. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 28th. Canadian Pacific Railway Limited’s dividend payout ratio is 19.88%.
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Canadian Pacific Railway Limited 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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