Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Investment analysts at Seaport Global Securities cut their FY2017 earnings per share (EPS) estimates for shares of Canadian Pacific Railway in a report issued on Friday, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin now expects that the company will post earnings of $11.35 per share for the year, down from their prior estimate of $11.42. Seaport Global Securities also issued estimates for Canadian Pacific Railway’s Q4 2017 earnings at $3.18 EPS.
A number of other research firms also recently issued reports on CP. CIBC lifted their target price on Canadian Pacific Railway from C$222.00 to C$233.00 in a research report on Tuesday, September 26th. National Bank Financial lifted their target price on Canadian Pacific Railway from C$226.00 to C$244.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 13th. BMO Capital Markets lifted their target price on Canadian Pacific Railway from C$245.00 to C$250.00 in a research report on Friday, December 1st. Desjardins lifted their target price on Canadian Pacific Railway from C$230.00 to C$254.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Scotiabank lifted their target price on Canadian Pacific Railway from C$220.00 to C$230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Canadian Pacific Railway presently has an average rating of “Buy” and an average target price of C$235.33.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 17.28%.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$229.35, for a total transaction of C$137,610.00.
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 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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