Canadian Pacific Railway Limited (CP) Expected to Earn FY2017 Earnings of $11.34 Per Share
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Analysts at Cormark decreased their FY2017 earnings estimates for Canadian Pacific Railway in a research note issued on Thursday. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $11.34 for the year, down from their prior forecast of $11.41. Cormark also issued estimates for Canadian Pacific Railway’s Q4 2017 earnings at $3.18 EPS, Q1 2018 earnings at $2.54 EPS, Q2 2018 earnings at $3.24 EPS, Q4 2018 earnings at $3.43 EPS, FY2018 earnings at $12.45 EPS and FY2019 earnings at $13.97 EPS.
Other analysts have also issued reports about the company. JPMorgan Chase & Co. raised their target price on Canadian Pacific Railway from C$272.00 to C$276.00 in a report on Thursday. CIBC raised their target price on Canadian Pacific Railway from C$233.00 to C$255.00 in a report on Thursday, January 4th. BMO Capital Markets raised their target price on Canadian Pacific Railway from C$245.00 to C$250.00 in a report on Friday, December 1st. TD Securities raised their target price on Canadian Pacific Railway from C$220.00 to C$225.00 in a report on Wednesday, October 18th. Finally, Raymond James Financial raised their target price on Canadian Pacific Railway from C$230.00 to C$245.00 in a report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$236.46.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s payout ratio is currently 17.28%.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$229.35, for a total value of C$137,610.00.
About Canadian Pacific Railway
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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