National Bank Financial Analysts Lower Earnings Estimates for Canadian Pacific Railway Limited (CP)

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.

ILLEGAL ACTIVITY NOTICE: This report was posted by BBNS and is the sole property of of BBNS. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://baseballnewssource.com/markets/q1-2017-eps-estimates-for-canadian-pacific-railway-limited-decreased-by-national-bank-financial-cp-updated-updated/525369.html.

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

Several other analysts also recently commented on CP. CIBC reduced their price target on shares of Canadian Pacific Railway Limited from C$225.00 to C$220.00 in a research report on Thursday, January 19th. CLSA upgraded shares of Canadian Pacific Railway Limited from an “underperform” rating to an “outperform” rating in a research report on Monday, January 9th. Royal Bank of Canada cut their price objective on shares of Canadian Pacific Railway Limited from C$239.00 to C$224.00 and set an “outperform” rating for the company in a research report on Tuesday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Canadian Pacific Railway Limited from C$231.00 to C$233.00 in a research report on Tuesday, January 17th. Finally, Cowen and Company cut their price objective on shares of Canadian Pacific Railway Limited from C$166.00 to C$164.00 in a research report on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$215.08.

Canadian Pacific Railway Limited (TSE:CP) traded down 0.28% during midday trading on Thursday, reaching $206.67. 324,393 shares of the company were exchanged. The firm has a 50-day moving average price of $198.72 and a 200-day moving average price of $197.27. Canadian Pacific Railway Limited has a 52 week low of $156.01 and a 52 week high of $210.46. The company has a market capitalization of $30.25 billion and a PE ratio of 19.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Friday, March 31st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.96%.

In related news, insider Mark Wallace sold 4,500 shares of the stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of C$199.64, for a total value of C$898,380.00.

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.

Get a free copy of the Zacks research report on Canadian Pacific Railway Limited (CP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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 our FREE daily email newsletter.

 

Latest News

Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead
Hall of Famer Given New Lease on Life
Hall of Famer Given New Lease on Life
New York Mets Have the Power
New York Mets Have the Power
Red Sox Fighting Through Illness and Injury
Red Sox Fighting Through Illness and Injury
Cleveland and Arizona Off to Fast Starts
Cleveland and Arizona Off to Fast Starts


Leave a Reply

 
© 2006-2017 BBNS.