Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Investment analysts at Cormark reduced their Q3 2017 EPS estimates for shares of Canadian Pacific Railway Limited in a note issued to investors on Thursday. Cormark analyst D. Tyerman now anticipates that the transportation company will earn $2.47 per share for the quarter, down from their prior estimate of $2.50. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q2 2018 earnings at $2.39 EPS, FY2018 earnings at $9.77 EPS, FY2019 earnings at $11.02 EPS, FY2020 earnings at $12.36 EPS and FY2021 earnings at $13.87 EPS.

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Other research analysts have also issued reports about the stock. Credit Suisse Group reaffirmed a “buy” rating and issued a $171.00 price objective on shares of Canadian Pacific Railway Limited in a research note on Friday, April 7th. Loop Capital lowered shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating and dropped their price objective for the company from $157.34 to $119.50 in a research note on Friday, April 21st. They noted that the move was a valuation call. Barclays PLC reaffirmed an “overweight” rating and issued a $174.00 price objective (down from $177.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, April 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $164.00 price objective (down from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, April 22nd. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $172.00 price objective (down from $173.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, April 23rd. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $187.16.

Shares of Canadian Pacific Railway Limited (NYSE CP) opened at 162.16 on Monday. Canadian Pacific Railway Limited has a 52-week low of $139.29 and a 52-week high of $167.52. The company has a 50-day moving average of $159.20 and a 200 day moving average of $152.86. The company has a market capitalization of $23.69 billion, a PE ratio of 18.40 and a beta of 1.10.

Canadian Pacific Railway Limited announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 10th that authorizes the company to buyback 4,380,000 shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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

A number of institutional investors have recently modified their holdings of CP. Boston Common Asset Management LLC boosted its position in shares of Canadian Pacific Railway Limited by 1.1% in the first quarter. Boston Common Asset Management LLC now owns 23,789 shares of the transportation company’s stock valued at $3,495,000 after buying an additional 260 shares in the last quarter. Reliance Trust Co. of Delaware boosted its position in shares of Canadian Pacific Railway Limited by 17.5% in the first quarter. Reliance Trust Co. of Delaware now owns 4,825 shares of the transportation company’s stock valued at $709,000 after buying an additional 720 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of Canadian Pacific Railway Limited by 4.5% in the first quarter. Congress Asset Management Co. MA now owns 46,482 shares of the transportation company’s stock valued at $6,829,000 after buying an additional 2,010 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Canadian Pacific Railway Limited during the fourth quarter valued at approximately $2,391,000. Finally, Viking Fund Management LLC boosted its position in shares of Canadian Pacific Railway Limited by 5.3% in the first quarter. Viking Fund Management LLC now owns 100,000 shares of the transportation company’s stock valued at $14,692,000 after buying an additional 5,000 shares in the last quarter. 70.20% of the stock is owned by institutional investors.

Canadian Pacific Railway Limited Company Profile

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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