Canadian Pacific Railway Limited (CP) Expected to Earn FY2017 Earnings of $11.41 Per Share

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Analysts at Cormark increased their FY2017 earnings estimates for Canadian Pacific Railway Limited in a research note issued on Wednesday. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $11.41 for the year, up from their prior forecast of $11.29. Cormark also issued estimates for Canadian Pacific Railway Limited’s FY2018 earnings at $12.47 EPS, FY2020 earnings at $15.73 EPS and FY2021 earnings at $17.56 EPS.

CP has been the topic of a number of other research reports. CIBC boosted their price target on shares of Canadian Pacific Railway Limited from C$222.00 to C$233.00 in a research report on Tuesday, September 26th. National Bank Financial boosted their price target on shares of Canadian Pacific Railway Limited from C$207.00 to C$226.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Scotiabank boosted their price target on shares of Canadian Pacific Railway Limited from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins boosted their target price on shares of Canadian Pacific Railway Limited from C$230.00 to C$254.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, TD Securities boosted their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Canadian Pacific Railway Limited currently has an average rating of “Buy” and a consensus price target of C$225.08.

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Shares of Canadian Pacific Railway Limited (TSE:CP) opened at 224.16 on Friday. The firm has a market capitalization of $32.75 billion and a price-to-earnings ratio of 20.11. Canadian Pacific Railway Limited has a 12-month low of $186.21 and a 12-month high of $225.59. The firm has a 50-day moving average of $204.63 and a 200 day moving average of $204.79.

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last posted its earnings results on Wednesday, July 19th. The company reported C$2.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$2.69 by C$0.08. The company had revenue of C$1.64 billion for the quarter, compared to analyst estimates of C$1.62 billion. Canadian Pacific Railway Limited had a net margin of 31.97% and a return on equity of 37.54%.

In other Canadian Pacific Railway Limited news, insider Steven Nettleton sold 436 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total transaction of C$67,876.48. Also, insider Laird Joseph Pitz sold 609 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total transaction of C$95,923.59. Insiders have sold a total of 1,250 shares of company stock valued at $197,881 in the last 90 days.

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.

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

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