Q3 2017 Earnings Forecast for Canadian Pacific Railway Limited Issued By National Bank Financial (CP)
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Investment analysts at National Bank Financial lowered their Q3 2017 EPS estimates for Canadian Pacific Railway Limited in a research note issued on Tuesday. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $2.82 per share for the quarter, down from their previous forecast of $2.90. National Bank Financial has a “Sector Perform” rating and a $207.00 price target on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway Limited’s Q4 2017 earnings at $3.05 EPS, FY2017 earnings at $11.14 EPS, Q3 2018 earnings at $3.05 EPS and FY2018 earnings at $12.18 EPS.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Wednesday, July 19th. The company reported C$2.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.69 by C$0.08. Canadian Pacific Railway Limited had a net margin of 29.21% and a return on equity of 37.13%. The firm had revenue of C$1.64 billion during the quarter, compared to analysts’ expectations of C$1.62 billion.
A number of other brokerages have also weighed in on CP. Scotiabank lowered their price objective on shares of Canadian Pacific Railway Limited from C$225.00 to C$220.00 and set an “outperform” rating for the company in a report on Wednesday, August 23rd. Royal Bank Of Canada boosted their price objective on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th. Finally, CIBC boosted their price objective on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Canadian Pacific Railway Limited currently has an average rating of “Buy” and a consensus price target of C$214.54.
Canadian Pacific Railway Limited (TSE:CP) opened at 191.67 on Thursday. The firm has a 50-day moving average of $194.20 and a 200 day moving average of $202.71. The firm has a market capitalization of $28.00 billion and a PE ratio of 17.20. Canadian Pacific Railway Limited has a 12 month low of $186.21 and a 12 month high of $218.78.
In other Canadian Pacific Railway Limited news, insider Steven Nettleton sold 436 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total transaction of C$67,876.48. Over the last ninety days, insiders sold 641 shares of company stock worth $101,958.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, September 28th.
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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