Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Stock analysts at Cormark raised their FY2017 EPS estimates for shares of Canadian Pacific Railway Limited in a report issued on Thursday. Cormark analyst D. Tyerman now forecasts that the transportation company will earn $9.14 per share for the year, up from their previous estimate of $9.09. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q4 2017 earnings at $2.50 EPS, Q1 2018 earnings at $1.99 EPS, Q3 2018 earnings at $2.69 EPS and Q4 2018 earnings at $2.71 EPS.

Several other equities research analysts have also recently commented on CP. Bank of America Corporation boosted their target price on Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Railway Limited in a research report on Thursday. Zacks Investment Research upgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a research report on Wednesday, July 12th. Stifel Nicolaus lifted their price target on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a “buy” rating in a research report on Tuesday, July 11th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $183.00 price target (up previously from $178.00) on shares of Canadian Pacific Railway Limited in a research report on Thursday, July 13th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $187.56.

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Canadian Pacific Railway Limited (NYSE:CP) traded up 0.09% during midday trading on Friday, hitting $162.54. The company had a trading volume of 157,343 shares. The company’s 50 day moving average is $159.20 and its 200 day moving average is $152.86. The stock has a market cap of $23.84 billion, a price-to-earnings ratio of 20.69 and a beta of 1.11. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $167.52.

Canadian Pacific Railway Limited announced that its board has initiated a stock repurchase plan on Wednesday, May 10th that allows the company to repurchase 4,380,000 shares. This repurchase authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be paid a $0.4411 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, September 28th. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. Canadian Pacific Railway Limited’s payout ratio is presently 19.88%.

Large investors have recently added to or reduced their stakes in the stock. Causeway Capital Management LLC acquired a new stake in Canadian Pacific Railway Limited during the first quarter valued at about $662,274,000. OppenheimerFunds Inc. raised its stake in Canadian Pacific Railway Limited by 34.9% in the first quarter. OppenheimerFunds Inc. now owns 2,505,015 shares of the transportation company’s stock valued at $368,038,000 after buying an additional 647,669 shares during the last quarter. Thornburg Investment Management Inc. raised its stake in Canadian Pacific Railway Limited by 54.3% in the first quarter. Thornburg Investment Management Inc. now owns 1,295,958 shares of the transportation company’s stock valued at $190,402,000 after buying an additional 456,122 shares during the last quarter. Renaissance Technologies LLC raised its stake in Canadian Pacific Railway Limited by 77.5% in the first quarter. Renaissance Technologies LLC now owns 835,800 shares of the transportation company’s stock valued at $122,796,000 after buying an additional 364,800 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in Canadian Pacific Railway Limited by 11.6% in the first quarter. TD Asset Management Inc. now owns 3,507,764 shares of the transportation company’s stock valued at $513,822,000 after buying an additional 364,220 shares during the last quarter. 70.18% of the stock is owned by institutional investors and hedge funds.

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.

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

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