Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Investment analysts at Seaport Global Securities dropped their Q1 2017 earnings per share (EPS) estimates for shares of Canadian Pacific Railway Limited in a report issued on Monday. Seaport Global Securities analyst M. Levin now expects that the brokerage will post earnings of $1.84 per share for the quarter, down from their prior forecast of $2.01. Seaport Global Securities also issued estimates for Canadian Pacific Railway Limited’s Q3 2017 earnings at $2.22 EPS, Q4 2017 earnings at $2.43 EPS, FY2017 earnings at $8.51 EPS, FY2018 earnings at $9.75 EPS and FY2019 earnings at $11.10 EPS.

Canadian Pacific Railway Limited (NYSE:CP) last released its quarterly earnings results on Wednesday, January 18th. The company reported $3.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.11 by $0.07. Canadian Pacific Railway Limited had a return on equity of 32.07% and a net margin of 25.56%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $2.72 earnings per share. Canadian Pacific Railway Limited’s revenue for the quarter was down 3.0% on a year-over-year basis.

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

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A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Canadian Pacific Railway Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Wells Fargo & Co began coverage on shares of Canadian Pacific Railway Limited in a research note on Monday, March 13th. They set an “outperform” rating on the stock. Credit Suisse Group AG restated an “outperform” rating and set a $168.00 price objective (up from $162.00) on shares of Canadian Pacific Railway Limited in a research note on Monday, March 6th. Cowen and Company lifted their price objective on shares of Canadian Pacific Railway Limited from $164.00 to $173.00 and gave the company an “outperform” rating in a research note on Thursday, January 19th. Finally, Royal Bank of Canada cut their price objective on shares of Canadian Pacific Railway Limited from $239.00 to $224.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $180.18.

Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at 146.42 on Tuesday. The firm’s 50 day moving average is $149.10 and its 200 day moving average is $148.54. The firm has a market capitalization of $21.43 billion, a PE ratio of 18.59 and a beta of 1.08. Canadian Pacific Railway Limited has a 1-year low of $119.50 and a 1-year high of $157.34.

A number of institutional investors have recently added to or reduced their stakes in the stock. Gateway Investment Advisers LLC boosted its position in Canadian Pacific Railway Limited by 4.8% in the third quarter. Gateway Investment Advisers LLC now owns 60,334 shares of the company’s stock valued at $9,213,000 after buying an additional 2,736 shares during the period. AGF Investments Inc. boosted its stake in shares of Canadian Pacific Railway Limited by 12.0% in the third quarter. AGF Investments Inc. now owns 9,336 shares of the company’s stock valued at $1,424,000 after buying an additional 1,000 shares during the last quarter. Standard Life Investments LTD boosted its stake in shares of Canadian Pacific Railway Limited by 1.2% in the third quarter. Standard Life Investments LTD now owns 72,955 shares of the company’s stock valued at $11,143,000 after buying an additional 880 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Canadian Pacific Railway Limited by 2.3% in the third quarter. Cullen Frost Bankers Inc. now owns 65,883 shares of the company’s stock valued at $10,060,000 after buying an additional 1,506 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Canadian Pacific Railway Limited by 9.4% in the third quarter. CIBC Asset Management Inc now owns 1,439,453 shares of the company’s stock valued at $220,295,000 after buying an additional 123,209 shares during the last quarter. 69.01% of the stock is currently owned by institutional investors.

In other Canadian Pacific Railway Limited news, VP Mark Kenneth Wallace sold 8,080 shares of Canadian Pacific Railway Limited stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $150.18, for a total transaction of $1,213,454.40. Following the transaction, the vice president now owns 4,500 shares of the company’s stock, valued at approximately $675,810. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ubavka Rebecca Macdonald sold 3,900 shares of Canadian Pacific Railway Limited stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of $143.65, for a total value of $560,235.00. The disclosure for this sale can be found here. Insiders sold a total of 195,084 shares of company stock worth $29,396,064 in the last three months. 0.13% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Friday, March 31st will be paid a $0.3803 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. Canadian Pacific Railway Limited’s dividend payout ratio (DPR) is currently 18.67%.

Canadian Pacific Railway Limited Company Profile

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.

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