Wall Street analysts expect Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) to announce sales of $1.31 billion for the current quarter, Zacks reports. Six analysts have provided estimates for Canadian Pacific Railway Limited’s earnings. The highest sales estimate is $1.32 billion and the lowest is $1.29 billion. Canadian Pacific Railway Limited posted sales of $1.19 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 10.1%. The firm is expected to report its next earnings report on Wednesday, October 18th.

On average, analysts expect that Canadian Pacific Railway Limited will report full-year sales of $1.31 billion for the current fiscal year, with estimates ranging from $5.13 billion to $5.27 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.44 billion per share, with estimates ranging from $5.32 billion to $5.52 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Canadian Pacific Railway Limited.

A number of equities research analysts recently issued reports on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $183.00 target price (up previously from $178.00) on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 13th. They noted that the move was a valuation call. Stifel Nicolaus upped their target price on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, July 11th. Bank of America Corporation upped their target price on Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $180.00 target price (up previously from $175.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, July 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. Canadian Pacific Railway Limited presently has an average rating of “Buy” and an average target price of $187.37.

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Several hedge funds have recently added to or reduced their stakes in the company. MML Investors Services LLC increased its holdings in shares of Canadian Pacific Railway Limited by 1.1% during the 2nd quarter. MML Investors Services LLC now owns 2,870 shares of the transportation company’s stock worth $462,000 after buying an additional 32 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Canadian Pacific Railway Limited by 3.2% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock worth $166,000 after buying an additional 35 shares during the last quarter. Park National Corp OH increased its holdings in shares of Canadian Pacific Railway Limited by 3.4% during the 2nd quarter. Park National Corp OH now owns 1,897 shares of the transportation company’s stock worth $305,000 after buying an additional 63 shares during the last quarter. HL Financial Services LLC increased its holdings in shares of Canadian Pacific Railway Limited by 4.7% during the 1st quarter. HL Financial Services LLC now owns 1,571 shares of the transportation company’s stock worth $231,000 after buying an additional 70 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Canadian Pacific Railway Limited by 0.6% during the 2nd quarter. Blair William & Co. IL now owns 15,366 shares of the transportation company’s stock worth $2,471,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 65.89% of the company’s stock.

Shares of Canadian Pacific Railway Limited (NYSE CP) opened at 160.21 on Friday. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $167.52. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 18.23 and a beta of 1.09. The company’s 50-day moving average price is $155.45 and its 200 day moving average price is $154.39.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.4411 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.10%. 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. Canadian Pacific Railway Limited’s dividend payout ratio is presently 19.88%.

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.

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

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