Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Research analysts at Desjardins increased their Q3 2018 earnings estimates for Canadian Pacific Railway in a research note issued on Monday, October 8th. Desjardins analyst B. Poirier now forecasts that the transportation company will earn $3.16 per share for the quarter, up from their previous forecast of $2.79. Desjardins also issued estimates for Canadian Pacific Railway’s FY2020 earnings at $13.61 EPS and FY2021 earnings at $15.05 EPS.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 18th. The transportation company reported $3.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.40 by $0.76. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. Canadian Pacific Railway had a net margin of 33.92% and a return on equity of 27.87%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.77 EPS.

Other research analysts have also issued reports about the stock. Citigroup reaffirmed a “buy” rating and issued a $260.00 price target (up from $242.00) on shares of Canadian Pacific Railway in a report on Friday, October 5th. Bank of America lifted their price target on shares of Canadian Pacific Railway from $213.00 to $233.00 and gave the company a “buy” rating in a report on Monday, October 1st. Barclays reaffirmed a “buy” rating and issued a $235.00 price target on shares of Canadian Pacific Railway in a report on Wednesday, September 26th. ValuEngine raised shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, Argus lifted their price target on shares of Canadian Pacific Railway from $205.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Canadian Pacific Railway currently has a consensus rating of “Buy” and an average target price of $237.38.

CP opened at $207.39 on Thursday. The stock has a market capitalization of $30.22 billion, a PE ratio of 23.53, a P/E/G ratio of 1.78 and a beta of 1.07. Canadian Pacific Railway has a 1-year low of $166.36 and a 1-year high of $224.19. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.21.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 29th. Stockholders of record on Friday, September 28th will be paid a $0.4999 dividend. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.44. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Thursday, September 27th. Canadian Pacific Railway’s dividend payout ratio is currently 22.89%.

Large investors have recently modified their holdings of the company. Korea Investment CORP lifted its stake in shares of Canadian Pacific Railway by 18.1% in the 2nd quarter. Korea Investment CORP now owns 71,163 shares of the transportation company’s stock worth $13,033,000 after acquiring an additional 10,900 shares during the period. Private Advisor Group LLC bought a new stake in shares of Canadian Pacific Railway in the 2nd quarter worth approximately $370,000. Fiera Capital Corp raised its holdings in shares of Canadian Pacific Railway by 30.9% in the 2nd quarter. Fiera Capital Corp now owns 924,876 shares of the transportation company’s stock worth $169,510,000 after purchasing an additional 218,248 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Canadian Pacific Railway by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 693,120 shares of the transportation company’s stock worth $126,937,000 after purchasing an additional 12,013 shares in the last quarter. Finally, Natixis bought a new stake in shares of Canadian Pacific Railway in the 2nd quarter worth approximately $348,000. 65.08% of the stock is owned by institutional investors.

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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

Featured Article: Buyback For Investors Defined

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

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.