Q2 2018 EPS Estimates for Canadian Pacific Railway Limited Boosted by Analyst (CP)

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%.

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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.

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

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