Canadian Pacific Railway Limited (CP) Expected to Earn FY2017 Earnings of $11.34 Per Share
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Cormark cut their FY2017 earnings per share (EPS) estimates for Canadian Pacific Railway in a report issued on Thursday. Cormark analyst D. Tyerman now expects that the company will post earnings per share of $11.34 for the year, down from their prior estimate of $11.41. Cormark also issued estimates for Canadian Pacific Railway’s Q4 2017 earnings at $3.18 EPS, Q1 2018 earnings at $2.54 EPS, Q2 2018 earnings at $3.24 EPS, Q4 2018 earnings at $3.43 EPS, FY2018 earnings at $12.45 EPS and FY2019 earnings at $13.97 EPS.
Several other equities analysts also recently weighed in on CP. CIBC raised their target price on Canadian Pacific Railway from C$222.00 to C$233.00 in a research report on Tuesday, September 26th. Desjardins raised 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. National Bank Financial raised 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 raised their target price on Canadian Pacific Railway from C$245.00 to C$250.00 in a research report on Friday, December 1st. Finally, Scotiabank raised 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$236.46.
Shares of Canadian Pacific Railway (TSE:CP) opened at C$228.23 on Monday. Canadian Pacific Railway has a 1-year low of C$188.36 and a 1-year high of C$234.97. The company has a market capitalization of $33,080.00, a P/E ratio of 18.56 and a beta of 0.84.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be given a dividend of $0.5625 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.25 dividend on an annualized basis and a yield of 0.99%. Canadian Pacific Railway’s payout ratio is 17.28%.
In related news, insider John Kenneth Brooks sold 600 shares of Canadian Pacific Railway 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.
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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