Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Investment analysts at Cormark decreased their Q4 2016 earnings estimates for Canadian Pacific Railway Limited in a research note issued to investors on Wednesday. Cormark analyst D. Tyerman now forecasts that the brokerage will earn $2.33 per share for the quarter, down from their previous forecast of $2.55. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q3 2017 earnings at $2.39 EPS, Q4 2017 earnings at $2.42 EPS and FY2019 earnings at $11.19 EPS.

Other equities analysts have also recently issued reports about the company. Desjardins reaffirmed a “buy” rating and issued a $227.00 price target (up from $212.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, October 22nd. Seaport Global Securities assumed coverage on Canadian Pacific Railway Limited in a research report on Monday, October 24th. They issued a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $155.00 to $166.00 in a research report on Thursday, December 15th. Vertical Research assumed coverage on Canadian Pacific Railway Limited in a research report on Tuesday, October 11th. They issued a “buy” rating on the stock. Finally, Loop Capital upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research report on Wednesday, January 4th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $181.69.

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

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Canadian Pacific Railway Limited (NYSE:CP) opened at 148.48 on Friday. The stock has a market cap of $21.72 billion, a price-to-earnings ratio of 19.49 and a beta of 1.08. Canadian Pacific Railway Limited has a 52 week low of $97.09 and a 52 week high of $157.34. The company has a 50-day moving average price of $147.85 and a 200-day moving average price of $146.78.

Canadian Pacific Railway Limited (NYSE:CP) last issued its earnings results on Wednesday, October 19th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.79 by $0.06. The firm earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Canadian Pacific Railway Limited had a return on equity of 30.92% and a net margin of 24.33%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business earned $2.69 EPS.

Hedge funds have recently added to or reduced their stakes in the stock. Egerton Capital UK LLP bought a new stake in Canadian Pacific Railway Limited during the third quarter valued at about $379,300,000. 1832 Asset Management L.P. raised its stake in Canadian Pacific Railway Limited by 65.1% in the second quarter. 1832 Asset Management L.P. now owns 3,540,175 shares of the company’s stock valued at $455,518,000 after buying an additional 1,395,706 shares in the last quarter. Cohen & Steers Inc. raised its stake in Canadian Pacific Railway Limited by 886.7% in the second quarter. Cohen & Steers Inc. now owns 1,367,143 shares of the company’s stock valued at $119,283,000 after buying an additional 1,228,581 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Canadian Pacific Railway Limited during the third quarter valued at about $169,010,000. Finally, Artisan Partners Limited Partnership raised its stake in Canadian Pacific Railway Limited by 34.4% in the second quarter. Artisan Partners Limited Partnership now owns 3,771,402 shares of the company’s stock valued at $485,719,000 after buying an additional 965,068 shares in the last quarter. 68.63% of the stock is owned by institutional investors and hedge funds.

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In other Canadian Pacific Railway Limited news, Director Ubavka Rebecca Macdonald sold 3,900 shares of the business’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $143.65, for a total transaction of $560,235.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Peter John Edwards sold 15,300 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $149.60, for a total value of $2,288,880.00. Following the sale, the vice president now directly owns 16,333 shares of the company’s stock, valued at approximately $2,443,416.80. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Shareholders of record on Friday, December 30th will be issued a dividend of $0.379 per share. This represents a $1.52 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, December 28th. Canadian Pacific Railway Limited’s dividend payout ratio is presently 19.66%.

About Canadian Pacific Railway Limited

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

5 Day Chart for NYSE:CP

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