Seaport Global Securities Weighs in on Canadian Pacific Railway Limited’s Q3 2017 Earnings (CP)

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Analysts at Seaport Global Securities raised their Q3 2017 earnings estimates for Canadian Pacific Railway Limited in a research report issued on Monday. Seaport Global Securities analyst M. Levin now anticipates that the transportation company will post earnings per share of $2.30 for the quarter, up from their previous estimate of $2.23.

CP has been the subject of a number of other research reports. Credit Suisse Group reissued an “outperform” rating and set a $168.00 price objective (up previously from $162.00) on shares of Canadian Pacific Railway Limited in a research report on Monday, March 6th. Loop Capital reiterated a “buy” rating on shares of Canadian Pacific Railway Limited in a report on Saturday, March 25th. Zacks Investment Research downgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a report on Tuesday, March 21st. Citigroup Inc. reiterated a “buy” rating and set a $180.00 price target (up from $165.00) on shares of Canadian Pacific Railway Limited in a report on Sunday, May 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $164.00 price target (down from $165.00) on shares of Canadian Pacific Railway Limited in a report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $181.81.

ILLEGAL ACTIVITY NOTICE: “Seaport Global Securities Weighs in on Canadian Pacific Railway Limited’s Q3 2017 Earnings (CP)” was originally published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://transcriptdaily.com/2017/06/28/seaport-global-securities-weighs-in-on-canadian-pacific-railway-limiteds-q3-2017-earnings-cp.html.

Canadian Pacific Railway Limited (NYSE CP) opened at 159.61 on Tuesday. Canadian Pacific Railway Limited has a 1-year low of $119.50 and a 1-year high of $160.45. The company’s 50-day moving average price is $156.02 and its 200-day moving average price is $150.76. The firm has a market capitalization of $23.41 billion, a P/E ratio of 21.05 and a beta of 1.08.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a $0.412 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. Canadian Pacific Railway Limited’s dividend payout ratio is presently 19.63%.

Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in Canadian Pacific Railway Limited by 37.0% in the first quarter. Parallel Advisors LLC now owns 870 shares of the transportation company’s stock worth $134,000 after buying an additional 235 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Canadian Pacific Railway Limited by 3.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock valued at $166,000 after buying an additional 35 shares during the period. Schafer Cullen Capital Management Inc. bought a new stake in shares of Canadian Pacific Railway Limited during the first quarter valued at about $201,000. Private Advisor Group LLC bought a new stake in shares of Canadian Pacific Railway Limited during the fourth quarter valued at about $207,000. Finally, Tyers Asset Management LLC bought a new stake in shares of Canadian Pacific Railway Limited during the fourth quarter valued at about $204,000. Hedge funds and other institutional investors own 70.70% of the company’s stock.

About Canadian Pacific Railway Limited

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.

Earnings History and Estimates for Canadian Pacific Railway Limited (NYSE:CP)

Receive News & Ratings for Canadian Pacific Railway Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply