Q2 2018 EPS Estimates for Canadian Pacific Railway Limited Cut by Cormark (CP)

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.

Canadian Pacific Railway (CP) opened at C$233.40 on Monday. The firm has a market cap of $33,830.00, a PE ratio of 18.98 and a beta of 0.84. Canadian Pacific Railway has a 1 year low of C$189.57 and a 1 year high of C$234.97.

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.

ILLEGAL ACTIVITY WARNING: This article was reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/22/q2-2018-eps-estimates-for-canadian-pacific-railway-limited-cut-by-cormark-cp.html.

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.

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

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

Leave a Reply