Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Desjardins reduced their Q1 2017 earnings per share (EPS) estimates for shares of Canadian Pacific Railway Limited in a note issued to investors on Tuesday. Desjardins analyst B. Poirier now anticipates that the transportation company will post earnings of $1.84 per share for the quarter, down from their previous forecast of $1.87. Desjardins also issued estimates for Canadian Pacific Railway Limited’s FY2017 earnings at $8.55 EPS, FY2018 earnings at $9.58 EPS and FY2019 earnings at $10.70 EPS.

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

Several other brokerages have also recently issued reports on CP. Cowen and Company lifted their price objective on 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. Zacks Investment Research upgraded Canadian Pacific Railway Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, March 14th. Loop Capital reiterated a “buy” rating on shares of Canadian Pacific Railway Limited in a research note on Saturday, March 25th. Wells Fargo & Co initiated coverage on Canadian Pacific Railway Limited in a research note on Monday, March 13th. They issued an “outperform” rating for the company. Finally, Royal Bank of Canada decreased their price objective on Canadian Pacific Railway Limited from $239.00 to $224.00 and set an “outperform” rating for the company in a research note on Tuesday, January 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $184.06.

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Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at 149.88 on Thursday. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 18.92 and a beta of 1.08. Canadian Pacific Railway Limited has a 52 week low of $119.50 and a 52 week high of $157.34. The stock’s 50 day moving average is $148.33 and its 200-day moving average is $148.30.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA acquired a new position in shares of Canadian Pacific Railway Limited during the third quarter worth $221,000. AGF Investments Inc. raised its position in shares of Canadian Pacific Railway Limited by 12.0% in the third quarter. AGF Investments Inc. now owns 9,336 shares of the transportation company’s stock worth $1,424,000 after buying an additional 1,000 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of Canadian Pacific Railway Limited by 4.8% in the third quarter. Gateway Investment Advisers LLC now owns 60,334 shares of the transportation company’s stock worth $9,213,000 after buying an additional 2,736 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Canadian Pacific Railway Limited by 1.0% in the third quarter. CENTRAL TRUST Co now owns 30,503 shares of the transportation company’s stock worth $4,657,000 after buying an additional 300 shares in the last quarter. Finally, HL Financial Services LLC acquired a new position in shares of Canadian Pacific Railway Limited during the third quarter worth $227,000. 69.01% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Mark Kenneth Wallace sold 577 shares of the company’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $154.36, for a total transaction of $89,065.72. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO E Hunter Harrison sold 178,617 shares of the company’s stock in a transaction on Friday, January 20th. The stock was sold at an average price of $150.81, for a total value of $26,937,229.77. The disclosure for this sale can be found here. In the last three months, insiders sold 191,184 shares of company stock worth $28,835,829. Corporate insiders own 0.13% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Stockholders of record on Friday, March 31st will be issued a $0.3803 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. Canadian Pacific Railway Limited’s payout ratio is presently 18.67%.

About Canadian Pacific Railway Limited

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.

5 Day Chart for NYSE:CP

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