Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Stock analysts at National Bank Financial dropped their Q1 2018 EPS estimates for Canadian Pacific Railway in a note issued to investors on Monday. National Bank Financial analyst C. Doerksen now forecasts that the transportation company will earn $2.03 per share for the quarter, down from their prior estimate of $2.38. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q2 2018 earnings at $2.37 EPS, Q3 2018 earnings at $2.48 EPS, Q4 2018 earnings at $2.72 EPS, FY2018 earnings at $9.60 EPS and FY2019 earnings at $10.54 EPS.
A number of other equities research analysts have also recently commented on CP. Cowen lifted their price target on shares of Canadian Pacific Railway from $184.00 to $207.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Goldman Sachs raised shares of Canadian Pacific Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $176.72 to $213.00 in a report on Tuesday, February 13th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $200.00 price target (down previously from $209.00) on shares of Canadian Pacific Railway in a report on Thursday, March 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $194.13.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results 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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Canadian Pacific Railway had a return on equity of 29.96% and a net margin of 36.88%.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 23rd will be paid a $0.4473 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 1.04%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, March 22nd. Canadian Pacific Railway’s payout ratio is currently 14.33%.
A number of institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in Canadian Pacific Railway by 3.5% in the 4th quarter. US Bancorp DE now owns 8,498 shares of the transportation company’s stock valued at $1,553,000 after buying an additional 291 shares in the last quarter. Jones Collombin Investment Counsel Inc lifted its stake in Canadian Pacific Railway by 46.7% in the fourth quarter. Jones Collombin Investment Counsel Inc now owns 1,012 shares of the transportation company’s stock worth $185,000 after purchasing an additional 322 shares during the last quarter. MUFG Americas Holdings Corp lifted its stake in Canadian Pacific Railway by 7.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 4,495 shares of the transportation company’s stock worth $822,000 after purchasing an additional 322 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in Canadian Pacific Railway by 8.7% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 4,148 shares of the transportation company’s stock worth $760,000 after purchasing an additional 332 shares during the last quarter. Finally, Commonwealth Equity Services Inc lifted its stake in Canadian Pacific Railway by 15.3% in the third quarter. Commonwealth Equity Services Inc now owns 2,589 shares of the transportation company’s stock worth $435,000 after purchasing an additional 344 shares during the last quarter. Institutional investors and hedge funds own 68.59% of the company’s stock.
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About Canadian Pacific Railway
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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