Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Equities research analysts at National Bank Financial cut their Q1 2018 earnings per share (EPS) estimates for Canadian Pacific Railway Limited in a report released on Tuesday. National Bank Financial analyst C. Doerksen now forecasts that the company will post earnings of $2.78 per share for the quarter, down from their prior forecast of $2.91. National Bank Financial has a “Sector Perform” rating and a $207.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway Limited’s Q2 2018 earnings at $2.95 EPS and Q4 2018 earnings at $3.40 EPS.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, July 19th. The company reported C$2.77 EPS for the quarter, beating analysts’ consensus estimates of C$2.69 by C$0.08. The firm had revenue of C$1.64 billion during the quarter, compared to analyst estimates of C$1.62 billion. Canadian Pacific Railway Limited had a net margin of 29.21% and a return on equity of 37.13%. COPYRIGHT VIOLATION WARNING: “National Bank Financial Comments on Canadian Pacific Railway Limited’s Q1 2018 Earnings (CP)” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/09/16/national-bank-financial-comments-on-canadian-pacific-railway-limiteds-q1-2018-earnings-cp.html.
Several other equities analysts have also recently weighed in on the stock. Scotiabank cut their target price on shares of Canadian Pacific Railway Limited from C$225.00 to C$220.00 and set an “outperform” rating for the company in a research note on Wednesday, August 23rd. Royal Bank Of Canada raised their target price on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the company an “outperform” rating in a research note on Thursday, July 20th. Finally, CIBC raised their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a research note on Thursday, July 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$214.54.
Canadian Pacific Railway Limited (TSE:CP) opened at 193.40 on Friday. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $218.78. The stock has a market capitalization of $28.25 billion and a price-to-earnings ratio of 17.35. The stock’s 50 day moving average is $194.01 and its 200-day moving average is $202.64.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be issued a dividend of $0.5625 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.25 dividend on an annualized basis and a yield of 1.16%.
In related news, insider Steven Nettleton sold 436 shares of Canadian Pacific Railway Limited stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total transaction of C$67,876.48. Also, insider Laird Joseph Pitz sold 609 shares of Canadian Pacific Railway Limited stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total transaction of C$95,923.59. Insiders have sold a total of 1,250 shares of company stock valued at $197,881 in the last quarter.
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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