Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Research analysts at Cormark reduced their Q2 2018 EPS estimates for shares of Canadian Pacific Railway in a research note issued to investors on Friday. Cormark analyst D. Tyerman now anticipates that the company will earn $3.13 per share for the quarter, down from their previous estimate of $3.24. Cormark also issued estimates for Canadian Pacific Railway’s Q3 2018 earnings at $3.34 EPS, Q4 2018 earnings at $3.68 EPS, Q1 2019 earnings at $3.17 EPS, Q2 2019 earnings at $3.52 EPS, Q3 2019 earnings at $3.90 EPS, Q4 2019 earnings at $4.09 EPS and FY2022 earnings at $20.72 EPS.
A number of other brokerages have also weighed in on CP. National Bank Financial increased their target price on shares of Canadian Pacific Railway from C$226.00 to C$244.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 13th. Scotiabank increased their target price on shares of Canadian Pacific Railway from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. CIBC raised their price objective on shares of Canadian Pacific Railway from C$233.00 to C$255.00 in a research report on Thursday, January 4th. BMO Capital Markets raised their price objective on shares of Canadian Pacific Railway from C$245.00 to C$250.00 in a research report on Friday, December 1st. Finally, TD Securities raised their price objective on shares of Canadian Pacific Railway from C$240.00 to C$250.00 and gave the company a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$249.67.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be given a dividend of $0.5625 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.25 annualized dividend and a yield of 0.96%. Canadian Pacific Railway’s payout ratio is presently 17.28%.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of Canadian Pacific Railway stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of C$229.35, for a total transaction 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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