Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) - Research analysts at Cormark lifted their FY2017 earnings estimates for Canadian Pacific Railway Limited in a report released on Thursday. Cormark analyst D. Tyerman now forecasts that the company will post earnings per share of $11.57 for the year, up from their previous estimate of $11.51. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q4 2017 earnings at $3.17 EPS, Q1 2018 earnings at $2.52 EPS, Q4 2018 earnings at $3.43 EPS, FY2018 earnings at $12.37 EPS, FY2019 earnings at $13.95 EPS, FY2020 earnings at $15.64 EPS and FY2021 earnings at $17.56 EPS.
A number of other analysts have also recently commented on the stock. Desjardins boosted their target price on shares of Canadian Pacific Railway Limited from C$221.00 to C$232.00 in a research note on Thursday, April 20th. Royal Bank Of Canada boosted their target price on shares of Canadian Pacific Railway Limited from C$224.00 to C$226.00 and gave the company an “outperform” rating in a report on Thursday, April 20th. BMO Capital Markets reiterated an “outperform” rating and issued a C$225.00 target price on shares of Canadian Pacific Railway Limited in a report on Thursday, April 20th. 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. Finally, CSFB boosted their target price on shares of Canadian Pacific Railway Limited from C$225.00 to C$229.00 and gave the company an “outperform” rating in a report on Thursday, April 6th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$216.36.
Shares of 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 firm has a 50-day moving average price of $208.51 and a 200-day moving average price of $203.07. The stock has a market cap of $29.82 billion and a price-to-earnings ratio of 20.29.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last issued its quarterly earnings results on Wednesday, July 19th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.69 by $0.08. Canadian Pacific Railway Limited had a return on equity of 35.78% and a net margin of 26.89%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 28th.
Canadian Pacific Railway Limited 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 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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