Q3 2018 EPS Estimates for Canadian Pacific Railway Lifted by Analyst (CP)

Canadian Pacific Railway (NYSE:CP) (TSE:CP) – Research analysts at Cormark boosted their Q3 2018 earnings per share estimates for Canadian Pacific Railway in a research report issued on Tuesday, April 10th. Cormark analyst D. Tyerman now anticipates that the transportation company will earn $2.68 per share for the quarter, up from their prior estimate of $2.67. Cormark also issued estimates for Canadian Pacific Railway’s Q1 2019 earnings at $2.61 EPS, Q2 2019 earnings at $2.75 EPS, Q3 2019 earnings at $2.96 EPS and Q4 2019 earnings at $3.19 EPS.

A number of other analysts have also issued reports on the company. Cowen boosted their target price on Canadian Pacific Railway from $184.00 to $207.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Credit Suisse Group reissued an “outperform” rating and issued a $200.00 target price (down previously from $209.00) on shares of Canadian Pacific Railway in a research report on Thursday, March 8th. Goldman Sachs raised Canadian Pacific Railway from a “neutral” rating to a “buy” rating and boosted their target price for the company from $176.72 to $213.00 in a research report on Tuesday, February 13th. Zacks Investment Research lowered Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Finally, Morgan Stanley cut their target price on Canadian Pacific Railway from $248.00 to $243.00 and set an “overweight” rating on the stock in a research report on Friday, April 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $195.33.



Shares of NYSE CP opened at $177.62 on Wednesday. The company has a market capitalization of $25,442.84, a price-to-earnings ratio of 20.23, a PEG ratio of 1.48 and a beta of 1.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.57 and a current ratio of 0.64. Canadian Pacific Railway has a 52-week low of $149.74 and a 52-week high of $188.80.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Thursday, January 18th. The transportation company reported $2.54 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Canadian Pacific Railway had a net margin of 36.88% and a return on equity of 29.96%.

Several institutional investors have recently bought and sold shares of CP. Cerebellum GP LLC purchased a new stake in shares of Canadian Pacific Railway during the fourth quarter worth $133,000. We Are One Seven LLC purchased a new stake in shares of Canadian Pacific Railway during the fourth quarter worth $156,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Canadian Pacific Railway during the fourth quarter worth $180,000. Jones Collombin Investment Counsel Inc increased its position in shares of Canadian Pacific Railway by 46.7% during the fourth quarter. Jones Collombin Investment Counsel Inc now owns 1,012 shares of the transportation company’s stock worth $185,000 after acquiring an additional 322 shares during the period. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of Canadian Pacific Railway during the fourth quarter worth $192,000. 68.74% of the stock is currently owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 23rd will be given a dividend of $0.4473 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $1.79 dividend on an annualized basis and a dividend yield of 1.01%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.44. Canadian Pacific Railway’s dividend payout ratio is currently 19.93%.

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Canadian Pacific Railway 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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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

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