Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – National Bank Financial raised their Q1 2018 earnings per share (EPS) estimates for shares of Canadian Pacific Railway in a note issued to investors on Thursday. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $2.97 for the quarter, up from their prior forecast of $2.96. National Bank Financial currently has a “Sector Perform” rating and a $248.00 target price on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q3 2018 earnings at $3.19 EPS, FY2018 earnings at $12.87 EPS and FY2019 earnings at $13.78 EPS.
CP has been the topic of a number of other research reports. Scotiabank increased their target price on Canadian Pacific Railway from C$220.00 to C$230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. CIBC increased their target price on Canadian Pacific Railway from C$233.00 to C$255.00 in a research report on Thursday, January 4th. BMO Capital Markets increased their target price on Canadian Pacific Railway from C$245.00 to C$250.00 in a research report on Friday, December 1st. TD Securities increased their target price on Canadian Pacific Railway from C$240.00 to C$250.00 and gave the company a “hold” rating in a research report on Friday. Finally, Raymond James Financial increased their target price on Canadian Pacific Railway from C$230.00 to C$245.00 in a research report on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$249.67.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.96%. Canadian Pacific Railway’s dividend payout ratio (DPR) is 17.28%.
In related news, insider John Kenneth Brooks sold 600 shares of the stock in a transaction 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.
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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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