Q3 2017 EPS Estimates for Canadian Pacific Railway Limited (CP) Reduced by Analyst

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Desjardins dropped their Q3 2017 earnings per share estimates for shares of Canadian Pacific Railway Limited in a note issued to investors on Thursday. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $2.97 per share for the quarter, down from their prior estimate of $3.06. Desjardins also issued estimates for Canadian Pacific Railway Limited’s Q4 2017 earnings at $3.21 EPS, FY2017 earnings at $11.47 EPS, FY2018 earnings at $12.69 EPS and FY2019 earnings at $14.17 EPS.

Several other brokerages also recently commented on CP. CIBC lifted their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a report on Thursday, July 6th. Loop Capital downgraded shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Scotiabank lifted their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank Of Canada lifted their target price on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, TD Securities reiterated a “hold” rating and issued a C$210.00 target price on shares of Canadian Pacific Railway Limited in a report on Thursday, April 20th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Canadian Pacific Railway Limited has an average rating of “Buy” and a consensus price target of C$216.36.

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Canadian Pacific Railway Limited (TSE CP) opened at 203.28 on Friday. Canadian Pacific Railway Limited has a 52-week low of $184.78 and a 52-week high of $218.78. The stock has a market capitalization of $29.82 billion and a PE ratio of 20.29. The firm has a 50-day moving average of $208.51 and a 200-day moving average of $203.07.

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, July 19th. The company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.08. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Canadian Pacific Railway Limited had a net margin of 26.89% and a return on equity of 35.78%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a dividend of $0.5625 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.25 annualized dividend and a dividend yield of 1.11%.

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.

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

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