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.
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%.
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.
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