Brokerages predict that Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) will report sales of $1.47 billion for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Canadian Pacific Railway’s earnings. The lowest sales estimate is $1.45 billion and the highest is $1.51 billion. Canadian Pacific Railway reported sales of $1.35 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The business is scheduled to announce its next earnings report on Thursday, January 17th.
According to Zacks, analysts expect that Canadian Pacific Railway will report full-year sales of $5.55 billion for the current financial year, with estimates ranging from $5.51 billion to $5.59 billion. For the next fiscal year, analysts forecast that the firm will report sales of $5.99 billion, with estimates ranging from $5.89 billion to $6.10 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Canadian Pacific Railway.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Thursday, October 18th. The transportation company reported $4.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.16 by $0.96. Canadian Pacific Railway had a net margin of 34.07% and a return on equity of 28.71%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the business posted $2.90 EPS. The firm’s revenue was up 19.0% compared to the same quarter last year.
CP has been the topic of a number of analyst reports. Citigroup restated a “buy” rating and issued a $260.00 target price (up previously from $242.00) on shares of Canadian Pacific Railway in a report on Friday, October 5th. National Bank Financial upgraded shares of Canadian Pacific Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 18th. Stifel Nicolaus upped their target price on shares of Canadian Pacific Railway from $207.00 to $247.00 and gave the stock a “hold” rating in a report on Sunday, October 7th. Barclays reiterated a “buy” rating and issued a $235.00 price objective on shares of Canadian Pacific Railway in a research note on Wednesday, September 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Canadian Pacific Railway in a research note on Friday, October 5th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Canadian Pacific Railway presently has a consensus rating of “Buy” and an average target price of $236.92.
Large investors have recently bought and sold shares of the business. Jackson Grant Investment Advisers Inc. purchased a new stake in Canadian Pacific Railway in the 2nd quarter valued at about $103,000. Zions Bancorporation purchased a new stake in shares of Canadian Pacific Railway during the 2nd quarter worth approximately $134,000. Csenge Advisory Group purchased a new stake in shares of Canadian Pacific Railway during the 3rd quarter worth approximately $136,000. Tower Research Capital LLC TRC purchased a new stake in shares of Canadian Pacific Railway during the 3rd quarter worth approximately $149,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Canadian Pacific Railway during the 3rd quarter worth approximately $192,000. Hedge funds and other institutional investors own 64.74% of the company’s stock.
CP opened at $211.54 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.58 and a debt-to-equity ratio of 1.10. Canadian Pacific Railway has a fifty-two week low of $166.36 and a fifty-two week high of $224.19. The stock has a market capitalization of $30.16 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93.
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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.
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