Canadian Pacific Railway Limited (CP) to Post FY2018 Earnings of $12.89 Per Share, National Bank Financial Forecasts

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Analysts at National Bank Financial raised their FY2018 earnings estimates for Canadian Pacific Railway Limited in a research report issued on Friday. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings per share of $12.89 for the year, up from their previous estimate of $12.78.

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

A number of other research analysts have also issued reports on the stock. Desjardins upped 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. Royal Bank Of Canada upped their price target on shares of Canadian Pacific Railway Limited from C$224.00 to C$226.00 and gave the company an “outperform” rating in a research note on Thursday, April 20th. BMO Capital Markets restated an “outperform” rating and set a C$225.00 price target on shares of Canadian Pacific Railway Limited in a research note on Thursday, April 20th. TD Securities restated a “hold” rating and set a C$210.00 price target on shares of Canadian Pacific Railway Limited in a research note on Thursday, April 20th. Finally, CSFB upped their price target on shares of Canadian Pacific Railway Limited from C$225.00 to C$229.00 and gave the company an “outperform” rating in a research note on Thursday, April 6th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$215.08.

Shares of Canadian Pacific Railway Limited (TSE CP) traded down 0.55% during mid-day trading on Monday, reaching $204.94. 36,580 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $210.97 and a 200 day moving average price of $201.33. Canadian Pacific Railway Limited has a 12-month low of $156.01 and a 12-month high of $218.78. The firm has a market capitalization of $30.06 billion and a price-to-earnings ratio of 20.46.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.09%. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.50.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:CP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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