Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Desjardins issued their Q1 2018 earnings estimates for Canadian Pacific Railway in a research report issued on Friday. Desjardins analyst B. Poirier forecasts that the transportation company will post earnings of $2.34 per share for the quarter. Desjardins also issued estimates for Canadian Pacific Railway’s Q2 2018 earnings at $2.46 EPS, Q3 2018 earnings at $2.59 EPS, Q4 2018 earnings at $2.82 EPS, FY2018 earnings at $10.21 EPS, FY2019 earnings at $11.42 EPS and FY2020 earnings at $12.82 EPS.
Other equities analysts have also issued reports about the company. Cowen lifted their price objective on Canadian Pacific Railway from $184.00 to $207.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley lifted their price objective on Canadian Pacific Railway from $214.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $238.00 price objective on shares of Canadian Pacific Railway in a research note on Wednesday, October 18th. Argus lifted their price objective on Canadian Pacific Railway from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Deutsche Bank initiated coverage on Canadian Pacific Railway in a research note on Wednesday, November 1st. They issued a “buy” rating and a $209.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $190.53.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Thursday, January 18th. The transportation company reported $2.54 EPS for the quarter, missing the Zacks’ consensus estimate of $2.57 by ($0.03). Canadian Pacific Railway had a net margin of 36.88% and a return on equity of 31.61%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Marathon Asset Management LLP lifted its stake in Canadian Pacific Railway by 0.4% in the fourth quarter. Marathon Asset Management LLP now owns 200,174 shares of the transportation company’s stock valued at $36,777,000 after buying an additional 858 shares during the period. Gateway Investment Advisers LLC lifted its stake in Canadian Pacific Railway by 50.7% in the fourth quarter. Gateway Investment Advisers LLC now owns 77,683 shares of the transportation company’s stock valued at $14,197,000 after buying an additional 26,131 shares during the period. Atria Investments LLC lifted its stake in Canadian Pacific Railway by 61.4% in the fourth quarter. Atria Investments LLC now owns 4,253 shares of the transportation company’s stock valued at $777,000 after buying an additional 1,618 shares during the period. CGOV Asset Management lifted its stake in Canadian Pacific Railway by 4.8% in the fourth quarter. CGOV Asset Management now owns 367,043 shares of the transportation company’s stock valued at $84,295,000 after buying an additional 16,900 shares during the period. Finally, Beacon Financial Group bought a new stake in shares of Canadian Pacific Railway during the fourth quarter valued at approximately $335,000. 67.52% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 13.35%.
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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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