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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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.
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