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.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/20/q4-2017-eps-estimates-for-canadian-pacific-railway-limited-cp-decreased-by-analyst.html.

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.

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

Receive News & Ratings for Canadian Pacific Railway Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Limited and related companies with MarketBeat.com's FREE daily email newsletter.