National Bank Financial Equities Analysts Cut Earnings Estimates for Canadian Pacific Railway Limited (CP)
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Equities researchers at National Bank Financial decreased their Q1 2018 earnings per share (EPS) estimates for Canadian Pacific Railway Limited in a report released on Tuesday. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $2.78 per share for the quarter, down from their previous estimate of $2.91. National Bank Financial currently has a “Sector Perform” rating and a $207.00 target price on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway Limited’s Q2 2018 earnings at $2.95 EPS and Q4 2018 earnings at $3.40 EPS.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, July 19th. The company reported C$2.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.69 by C$0.08. Canadian Pacific Railway Limited had a return on equity of 37.13% and a net margin of 29.21%. The firm had revenue of C$1.64 billion for the quarter, compared to the consensus estimate of C$1.62 billion.
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Other equities analysts have also recently issued research reports about the stock. CIBC increased their price objective on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a research report on Thursday, July 6th. Scotiabank dropped their price target on shares of Canadian Pacific Railway Limited from C$225.00 to C$220.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the company an “outperform” rating in a research report on Thursday, July 20th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of C$214.54.
Shares of Canadian Pacific Railway Limited (CP) opened at 193.40 on Friday. The firm has a market cap of $28.25 billion and a P/E ratio of 17.35. Canadian Pacific Railway Limited has a 1-year low of $186.21 and a 1-year high of $218.78. The firm has a 50 day moving average price of $194.01 and a 200 day moving average price of $202.64.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a $0.5625 dividend. The ex-dividend date is Thursday, September 28th. This represents a $2.25 annualized dividend and a yield of 1.16%.
In other news, insider Steven Nettleton sold 436 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total transaction of C$67,876.48. Also, insider Laird Joseph Pitz sold 609 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59. In the last quarter, insiders sold 1,250 shares of company stock valued at $197,881.
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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