Q4 2017 EPS Estimates for Canadian Pacific Railway Limited (CP) Decreased by Analyst
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Equities research analysts at Seaport Global Securities dropped their Q4 2017 EPS estimates for shares of Canadian Pacific Railway Limited in a report issued on Wednesday. Seaport Global Securities analyst M. Levin now forecasts that the company will post earnings of $3.26 per share for the quarter, down from their prior forecast of $3.34.
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Wednesday, July 19th. The company reported C$2.77 earnings per share for the quarter, topping the consensus estimate of C$2.69 by C$0.08. Canadian Pacific Railway Limited had a net margin of 31.97% and a return on equity of 37.54%. The business had revenue of C$1.64 billion for the quarter, compared to analysts’ expectations of C$1.62 billion.
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Other analysts also recently issued research reports about the stock. J P Morgan Chase & Co raised their price target on shares of Canadian Pacific Railway Limited from C$262.00 to C$265.00 in a report on Wednesday. Raymond James Financial, Inc. raised their price target on shares of Canadian Pacific Railway Limited from C$230.00 to C$245.00 in a report on Thursday. National Bank Financial downgraded shares of Canadian Pacific Railway Limited from an “overweight” rating to a “sector perform” rating and dropped their price target for the company from C$219.00 to C$207.00 in a report on Wednesday, September 13th. CIBC raised their price target on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a report on Thursday, July 6th. Finally, Royal Bank Of Canada raised their price target on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the company an “outperform” rating in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$225.08.
Shares of Canadian Pacific Railway Limited (TSE CP) traded up 1.65% during mid-day trading on Friday, reaching $224.54. 236,886 shares of the company’s stock traded hands. Canadian Pacific Railway Limited has a 12-month low of $186.21 and a 12-month high of $225.59. The stock has a market cap of $32.80 billion and a price-to-earnings ratio of 20.15. The firm’s 50 day moving average price is $203.75 and its 200-day moving average price is $204.59.
In other Canadian Pacific Railway Limited news, insider Laird Joseph Pitz sold 609 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of C$157.51, for a total transaction of C$95,923.59. Also, insider Steven Nettleton sold 436 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of C$155.68, for a total transaction of C$67,876.48. In the last three months, insiders sold 1,250 shares of company stock worth $197,881.
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.
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