Analysts Issue Forecasts for Canadian Pacific Railway Limited’s Q1 2018 Earnings (CP)

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Analysts at National Bank Financial upped their Q1 2018 earnings per share (EPS) estimates for Canadian Pacific Railway Limited in a research report issued on Tuesday, according to Zacks Investment Research. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will post earnings per share of $2.17 for the quarter, up from their prior estimate of $2.15.

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

A number of other equities analysts also recently issued reports on CP. Loop Capital raised shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, January 4th. They noted that the move was a valuation call. CLSA raised shares of Canadian Pacific Railway Limited from an “underperform” rating to an “outperform” rating in a research note on Tuesday, January 10th. Barclays PLC reissued a “buy” rating and issued a $177.00 price target on shares of Canadian Pacific Railway Limited in a research note on Tuesday, January 10th. Zacks Investment Research downgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research note on Friday, January 13th. Finally, Royal Bank of Canada decreased their price target on shares of Canadian Pacific Railway Limited from $239.00 to $224.00 and set an “outperform” rating for the company in a research note on Tuesday, January 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $182.26.

Shares of Canadian Pacific Railway Limited (NYSE:CP) traded down 0.51% on Friday, reaching $152.99. The company had a trading volume of 933,724 shares. The stock has a 50-day moving average price of $148.48 and a 200-day moving average price of $148.34. Canadian Pacific Railway Limited has a 12 month low of $119.50 and a 12 month high of $157.34. The stock has a market cap of $22.39 billion, a PE ratio of 19.31 and a beta of 1.08.

A number of large investors have recently modified their holdings of CP. Keybank National Association OH boosted its position in shares of Canadian Pacific Railway Limited by 1.0% in the fourth quarter. Keybank National Association OH now owns 2,923 shares of the transportation company’s stock valued at $417,000 after buying an additional 30 shares in the last quarter. Sawtooth Solutions LLC boosted its position in shares of Canadian Pacific Railway Limited by 2.8% in the third quarter. Sawtooth Solutions LLC now owns 3,083 shares of the transportation company’s stock valued at $471,000 after buying an additional 85 shares in the last quarter. Geneva Advisors LLC boosted its position in shares of Canadian Pacific Railway Limited by 2.6% in the third quarter. Geneva Advisors LLC now owns 5,860 shares of the transportation company’s stock valued at $895,000 after buying an additional 150 shares in the last quarter. WMS Partners LLC boosted its position in shares of Canadian Pacific Railway Limited by 0.4% in the third quarter. WMS Partners LLC now owns 56,807 shares of the transportation company’s stock valued at $8,674,000 after buying an additional 200 shares in the last quarter. Finally, Park National Corp OH boosted its position in shares of Canadian Pacific Railway Limited by 15.1% in the first quarter. Park National Corp OH now owns 1,834 shares of the transportation company’s stock valued at $269,000 after buying an additional 241 shares in the last quarter. Institutional investors own 69.01% of the company’s stock.

In related news, VP Mark Kenneth Wallace sold 8,080 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $150.18, for a total value of $1,213,454.40. Following the sale, the vice president now owns 4,500 shares in the company, valued at $675,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 12,567 shares of company stock worth $1,898,600 in the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Friday, March 31st will be issued a $0.3803 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.52 annualized dividend and a yield of 0.99%. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. Canadian Pacific Railway Limited’s dividend payout ratio (DPR) is currently 18.67%.

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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