Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – National Bank Financial upped their Q2 2018 earnings estimates for shares of Canadian Pacific Railway in a research report issued to clients and investors on Tuesday. National Bank Financial analyst C. Doerksen now expects that the transportation company will earn $2.46 per share for the quarter, up from their prior forecast of $2.42. National Bank Financial has a “Sector Perform” rating and a $207.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q3 2018 earnings at $2.36 EPS, FY2018 earnings at $9.86 EPS and FY2019 earnings at $10.58 EPS.
Several other equities analysts have also commented on CP. BidaskClub raised shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $184.00 price target on shares of Canadian Pacific Railway in a research report on Wednesday, August 16th. Loop Capital raised shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, J P Morgan Chase & Co raised shares of Canadian Pacific Railway from a “neutral” rating to an “overweight” rating in a research report on Thursday, October 12th. 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. Canadian Pacific Railway has an average rating of “Buy” and a consensus price target of $191.19.
Canadian Pacific Railway (NYSE:CP) traded up $0.09 during trading hours on Thursday, hitting $179.97. 134,135 shares of the stock were exchanged, compared to its average volume of 649,628. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $26,150.00, a price-to-earnings ratio of 20.85, a PEG ratio of 1.69 and a beta of 1.20. Canadian Pacific Railway has a twelve month low of $141.32 and a twelve month high of $180.90.
Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new stake in shares of Canadian Pacific Railway in the second quarter worth $130,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Canadian Pacific Railway by 23.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock worth $141,000 after acquiring an additional 167 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Canadian Pacific Railway by 13.0% in the second quarter. Parallel Advisors LLC now owns 983 shares of the transportation company’s stock worth $154,000 after acquiring an additional 113 shares in the last quarter. Boston Private Wealth LLC acquired a new stake in shares of Canadian Pacific Railway in the third quarter worth $203,000. Finally, FineMark National Bank & Trust acquired a new stake in shares of Canadian Pacific Railway in the third quarter worth $208,000. 67.56% of the stock is owned by institutional investors.
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 $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, December 28th. Canadian Pacific Railway’s payout ratio is currently 18.23%.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://transcriptdaily.com/2017/12/14/q2-2018-eps-estimates-for-canadian-pacific-railway-limited-boosted-by-analyst-cp.html.
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.
Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.