Q2 2018 EPS Estimates for Canadian Pacific Railway Limited Increased by National Bank Financial (CP)

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – National Bank Financial lifted their Q2 2018 earnings per share estimates for Canadian Pacific Railway in a note issued to investors on Thursday. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will post earnings per share of $2.49 for the quarter, up from their prior estimate of $2.46.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by ($0.03). Canadian Pacific Railway had a return on equity of 31.61% and a net margin of 36.88%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion.

Several other equities research analysts also recently commented on CP. JPMorgan Chase & Co. upgraded shares of Canadian Pacific Railway from a “neutral” rating to an “overweight” rating in a research note on Thursday, October 12th. Cowen lifted their price objective on shares of Canadian Pacific Railway from $182.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. BMO Capital Markets reiterated a “buy” rating and set a $238.00 price objective on shares of Canadian Pacific Railway in a research note on Wednesday, October 18th. Morgan Stanley boosted their target price on shares of Canadian Pacific Railway from $214.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, Argus boosted their target price on shares of Canadian Pacific Railway from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Canadian Pacific Railway currently has an average rating of “Buy” and an average target price of $190.53.

Shares of Canadian Pacific Railway (NYSE CP) opened at $186.71 on Monday. Canadian Pacific Railway has a one year low of $143.20 and a one year high of $187.81. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.33. The company has a market cap of $27,066.83, a price-to-earnings ratio of 14.62, a PEG ratio of 1.52 and a beta of 1.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.76 annualized dividend and a yield of 0.94%. Canadian Pacific Railway’s dividend payout ratio is presently 13.78%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc. boosted its holdings in Canadian Pacific Railway by 5.7% in the 3rd quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock valued at $659,089,000 after purchasing an additional 213,056 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Canadian Pacific Railway by 62,170.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 934,062 shares of the transportation company’s stock valued at $150,200,000 after purchasing an additional 932,562 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Canadian Pacific Railway by 22.2% in the 3rd quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock valued at $448,756,000 after purchasing an additional 486,845 shares during the last quarter. Hansberger Growth Investors LP boosted its holdings in Canadian Pacific Railway by 9.4% in the 3rd quarter. Hansberger Growth Investors LP now owns 50,253 shares of the transportation company’s stock valued at $8,444,000 after purchasing an additional 4,320 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Canadian Pacific Railway by 15.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,744 shares of the transportation company’s stock valued at $925,000 after purchasing an additional 751 shares during the last quarter. 67.27% of the stock is owned by institutional investors.

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Canadian Pacific Railway Company Profile

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 (NYSE:CP)

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