Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Investment analysts at Cormark lowered their FY2017 earnings estimates for shares of Canadian Pacific Railway in a research report issued on Thursday. Cormark analyst D. Tyerman now anticipates that the transportation company will post earnings per share of $9.07 for the year, down from their previous estimate of $9.13. Cormark also issued estimates for Canadian Pacific Railway’s Q4 2017 earnings at $2.54 EPS, Q1 2018 earnings at $2.03 EPS, FY2018 earnings at $9.96 EPS, FY2019 earnings at $11.17 EPS, FY2020 earnings at $12.55 EPS and FY2022 earnings at $15.76 EPS.
Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upgraded Canadian Pacific Railway from a “neutral” rating to an “overweight” rating in a research note on Thursday, October 12th. Morgan Stanley boosted their target price on Canadian Pacific Railway from $214.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Stifel Nicolaus restated a “buy” rating and set a $184.00 target price on shares of Canadian Pacific Railway in a research note on Thursday, September 21st. Deutsche Bank started coverage on Canadian Pacific Railway in a research note on Wednesday, November 1st. They set a “buy” rating and a $209.00 target price for the company. Finally, BMO Capital Markets restated a “buy” rating and set a $238.00 target price on shares of Canadian Pacific Railway in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $191.19.
Canadian Pacific Railway (NYSE:CP) opened at $183.02 on Friday. Canadian Pacific Railway has a 52-week low of $143.20 and a 52-week high of $187.42. The company has a market capitalization of $26,540.00, a PE ratio of 18.62, a PEG ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.44 and a current ratio of 0.53.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio is currently 17.90%.
A number of hedge funds and other institutional investors have recently modified their holdings of CP. Neuberger Berman Group LLC lifted its stake in Canadian Pacific Railway by 357.5% in the second quarter. Neuberger Berman Group LLC now owns 24,774 shares of the transportation company’s stock valued at $3,984,000 after buying an additional 19,359 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Canadian Pacific Railway in the second quarter valued at approximately $309,000. Wells Fargo & Company MN lifted its stake in Canadian Pacific Railway by 1.5% in the second quarter. Wells Fargo & Company MN now owns 137,025 shares of the transportation company’s stock valued at $22,034,000 after buying an additional 2,041 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Canadian Pacific Railway by 59.2% in the second quarter. Alliancebernstein L.P. now owns 15,607 shares of the transportation company’s stock valued at $2,510,000 after buying an additional 5,802 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Canadian Pacific Railway by 23.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock valued at $141,000 after buying an additional 167 shares during the last quarter. Institutional investors own 67.52% of the company’s stock.
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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.
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