Q1 2017 EPS Estimates for Canadian Pacific Railway Limited (CP) Decreased by Analyst

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Equities researchers at National Bank Financial lowered their Q1 2017 earnings estimates for shares of Canadian Pacific Railway Limited in a research note issued on Tuesday, Zacks Investment Research reports. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $2.47 per share for the quarter, down from their prior forecast of $2.48. National Bank Financial has a “Outperform” rating and a $217.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway Limited’s Q3 2017 earnings at $3.11 EPS, FY2017 earnings at $11.44 EPS and Q3 2018 earnings at $3.40 EPS.

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

Several other equities analysts have also weighed in on the company. Loop Capital lowered Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a report on Friday. TD Securities reissued a “hold” rating and set a C$210.00 price objective on shares of Canadian Pacific Railway Limited in a report on Thursday. Desjardins increased their price objective on Canadian Pacific Railway Limited from C$221.00 to C$232.00 in a report on Thursday. Scotiabank reissued an “outperform” rating and set a C$220.00 price objective on shares of Canadian Pacific Railway Limited in a report on Thursday. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a C$230.00 price objective on shares of Canadian Pacific Railway Limited in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$215.08.

Canadian Pacific Railway Limited (TSE:CP) traded down 0.28% on Thursday, reaching $206.67. The company’s stock had a trading volume of 324,393 shares. The company has a market cap of $30.25 billion and a P/E ratio of 19.44. The firm’s 50-day moving average price is $198.72 and its 200 day moving average price is $197.27. Canadian Pacific Railway Limited has a 52-week low of $156.01 and a 52-week high of $210.46.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Shareholders of record on Friday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.96%.

In other Canadian Pacific Railway Limited news, insider Mark Wallace sold 4,500 shares of the stock in a transaction on Monday, January 23rd. The stock was sold at an average price of C$199.64, for a total transaction of C$898,380.00.

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.

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