Canadian Pacific Railway Limited (CP) Forecasted to Earn Q4 2017 Earnings of $3.26 Per Share

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Equities research analysts at Seaport Global Securities cut their Q4 2017 EPS estimates for shares of Canadian Pacific Railway Limited in a note issued to investors on Wednesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin now forecasts that the company will earn $3.26 per share for the quarter, down from their previous estimate of $3.34.

A number of other research analysts also recently commented on CP. J P Morgan Chase & Co increased their price target on Canadian Pacific Railway Limited from C$262.00 to C$265.00 in a report on Wednesday, October 18th. TD Securities increased their price target on Canadian Pacific Railway Limited from C$220.00 to C$225.00 in a report on Wednesday, October 18th. CIBC increased their price target on Canadian Pacific Railway Limited from C$222.00 to C$233.00 in a report on Tuesday, September 26th. Raymond James Financial, Inc. increased their price target on Canadian Pacific Railway Limited from C$230.00 to C$245.00 in a report on Thursday, October 19th. Finally, Desjardins increased their price target on Canadian Pacific Railway Limited from C$230.00 to C$254.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Canadian Pacific Railway Limited currently has an average rating of “Buy” and an average price target of C$230.08.

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Shares of Canadian Pacific Railway Limited (TSE CP) traded down C$0.66 during midday trading on Friday, hitting C$220.00. The stock had a trading volume of 240,954 shares, compared to its average volume of 297,869. Canadian Pacific Railway Limited has a 52 week low of C$186.21 and a 52 week high of C$225.84.

In other news, insider Laird Joseph Pitz sold 609 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59. Also, insider Steven Nettleton sold 436 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of C$155.68, for a total value of C$67,876.48. Insiders have sold a total of 1,195 shares of company stock worth $187,005 over the last quarter.

About Canadian Pacific Railway Limited

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

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