Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Analysts at National Bank Financial boosted their Q3 2017 EPS estimates for Canadian Pacific Railway Limited in a report released on Tuesday. National Bank Financial analyst C. Doerksen now expects that the transportation company will post earnings of $2.31 per share for the quarter, up from their previous estimate of $2.29. National Bank Financial has a “Sector Perform” rating and a $207.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway Limited’s Q1 2018 earnings at $2.28 EPS, Q2 2018 earnings at $2.42 EPS, Q3 2018 earnings at $2.50 EPS and FY2018 earnings at $9.99 EPS.

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Several other analysts have also commented on the company. Wells Fargo & Company reissued an “outperform” rating and issued a $180.00 price objective (up from $175.00) on shares of Canadian Pacific Railway Limited in a report on Saturday, July 22nd. BidaskClub raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Morgan Stanley decreased their target price on Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 25th. Credit Suisse Group restated an “outperform” rating and issued a $178.00 target price (up previously from $171.00) on shares of Canadian Pacific Railway Limited in a research report on Sunday, May 28th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Railway Limited in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $188.35.

Canadian Pacific Railway Limited (CP) opened at 159.16 on Friday. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $167.52. The company has a 50-day moving average price of $155.43 and a 200-day moving average price of $154.64. The stock has a market capitalization of $23.25 billion, a PE ratio of 18.11 and a beta of 1.09.

A number of large investors have recently bought and sold shares of CP. Causeway Capital Management LLC purchased a new stake in Canadian Pacific Railway Limited in the first quarter valued at $662,274,000. Arrowstreet Capital Limited Partnership raised its position in Canadian Pacific Railway Limited by 62,170.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 934,062 shares of the transportation company’s stock valued at $150,200,000 after purchasing an additional 932,562 shares during the period. Janus Henderson Group PLC purchased a new stake in Canadian Pacific Railway Limited in the second quarter valued at $108,548,000. OppenheimerFunds Inc. raised its position 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 purchasing an additional 647,669 shares during the period. Finally, CIBC Asset Management Inc raised its position in Canadian Pacific Railway Limited by 31.7% in the second quarter. CIBC Asset Management Inc now owns 2,191,935 shares of the transportation company’s stock valued at $352,265,000 after purchasing an additional 527,453 shares during the period. Institutional investors own 65.89% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be given a $0.4411 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. Canadian Pacific Railway Limited’s payout ratio is currently 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.

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

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