Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Research analysts at National Bank Financial lowered their Q3 2018 earnings estimates for Canadian Pacific Railway in a report released on Wednesday, June 20th. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will post earnings of $2.51 per share for the quarter, down from their previous forecast of $2.62. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q4 2018 earnings at $2.76 EPS, FY2018 earnings at $9.56 EPS and FY2019 earnings at $10.84 EPS.
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Other research analysts have also issued research reports about the company. Cowen reiterated a “buy” rating and set a $208.00 price target on shares of Canadian Pacific Railway in a research report on Thursday, April 19th. Stifel Nicolaus reiterated a “hold” rating and set a $201.00 price target on shares of Canadian Pacific Railway in a research report on Saturday, June 2nd. Zacks Investment Research upgraded Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research report on Thursday, April 5th. Credit Suisse Group reiterated an “outperform” rating and set a $200.00 price target (down previously from $209.00) on shares of Canadian Pacific Railway in a research report on Thursday, March 8th. Finally, Morgan Stanley reduced their price target on Canadian Pacific Railway from $248.00 to $243.00 and set an “overweight” rating for the company in a research report on Friday, April 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Canadian Pacific Railway has a consensus rating of “Buy” and a consensus target price of $206.75.
Shares of Canadian Pacific Railway opened at $187.47 on Monday, Marketbeat.com reports. The company has a quick ratio of 0.50, a current ratio of 0.58 and a debt-to-equity ratio of 1.18. Canadian Pacific Railway has a 1 year low of $150.91 and a 1 year high of $196.34. The firm has a market cap of $26.56 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 18th. The transportation company reported $2.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.54. Canadian Pacific Railway had a return on equity of 28.51% and a net margin of 35.18%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis.
Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC bought a new stake in shares of Canadian Pacific Railway in the 1st quarter worth $116,000. We Are One Seven LLC acquired a new stake in shares of Canadian Pacific Railway during the fourth quarter worth $156,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Canadian Pacific Railway during the first quarter worth $175,000. Financial Gravity Companies Inc. acquired a new stake in shares of Canadian Pacific Railway during the fourth quarter worth $192,000. Finally, Lake Street Advisors Group LLC acquired a new stake in shares of Canadian Pacific Railway during the fourth quarter worth $203,000. 68.47% of the stock is currently owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 30th. Stockholders of record on Friday, June 29th will be paid a $0.438 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, June 28th. Canadian Pacific Railway’s dividend payout ratio is presently 19.93%.
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.
