Seaport Global Securities Analysts Cut Earnings Estimates for Canadian Pacific Railway Limited (TSE:CP)

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Investment analysts at Seaport Global Securities decreased their Q4 2017 EPS estimates for shares of Canadian Pacific Railway Limited in a report issued on Wednesday. Seaport Global Securities analyst M. Levin now anticipates that the company will earn $3.21 per share for the quarter, down from their previous forecast of $3.24. Seaport Global Securities also issued estimates for Canadian Pacific Railway Limited’s FY2018 earnings at $13.05 EPS and FY2019 earnings at $14.80 EPS.

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last announced its earnings results on Wednesday, July 19th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.69 by $0.08. Canadian Pacific Railway Limited had a net margin of 26.89% and a return on equity of 35.78%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion.

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Several other research firms have also recently issued reports on CP. CIBC raised their price target on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a research note on Thursday, July 6th. Loop Capital cut shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Scotiabank raised their price target on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank Of Canada raised their price target on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Desjardins raised their price target on shares of Canadian Pacific Railway Limited from C$221.00 to C$232.00 in a research note on Thursday, April 20th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$216.36.

Canadian Pacific Railway Limited (TSE CP) opened at 203.28 on Friday. Canadian Pacific Railway Limited has a 1-year low of $184.78 and a 1-year high of $218.78. The stock has a market capitalization of $29.82 billion and a P/E ratio of 20.29. The stock has a 50 day moving average of $208.51 and a 200 day moving average of $203.07.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be issued a $0.5625 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.25 annualized dividend and a 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.