Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Stock analysts at Cormark dropped their FY2017 earnings per share (EPS) estimates for Canadian Pacific Railway in a research note 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 prior forecast 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.
CP has been the subject of several other reports. JPMorgan Chase & Co. raised shares of Canadian Pacific Railway from a “neutral” rating to an “overweight” rating in a research note on Thursday, October 12th. Morgan Stanley boosted their price objective on shares of Canadian Pacific Railway from $214.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Stifel Nicolaus reissued a “buy” rating and set a $184.00 price objective on shares of Canadian Pacific Railway in a research note on Thursday, September 21st. Deutsche Bank started coverage on shares of Canadian Pacific Railway in a research note on Wednesday, November 1st. They set a “buy” rating and a $209.00 price objective for the company. Finally, BMO Capital Markets reissued a “buy” rating and set a $238.00 price objective on shares of Canadian Pacific Railway in a research note on Wednesday, October 18th. One investment 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. Canadian Pacific Railway currently has an average rating of “Buy” and a consensus price target of $191.19.
Canadian Pacific Railway (CP) opened at $183.57 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $26,610.00, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. Canadian Pacific Railway has a twelve month low of $143.20 and a twelve month high of $187.42.
A number of institutional investors have recently made changes to their positions in the stock. Artisan Partners Limited Partnership boosted its position in Canadian Pacific Railway by 2.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 6,018,329 shares of the transportation company’s stock worth $967,807,000 after purchasing an additional 125,306 shares during the period. TD Asset Management Inc. boosted its position in Canadian Pacific Railway by 5.7% during the 3rd quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock worth $659,089,000 after purchasing an additional 213,056 shares during the period. WCM Investment Management CA lifted its holdings in Canadian Pacific Railway by 2.1% in the 3rd quarter. WCM Investment Management CA now owns 3,811,880 shares of the transportation company’s stock worth $640,510,000 after buying an additional 78,892 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Canadian Pacific Railway by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,225,817 shares of the transportation company’s stock worth $518,743,000 after buying an additional 145,603 shares in the last quarter. Finally, CIBC Asset Management Inc lifted 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 worth $448,756,000 after buying an additional 486,845 shares in the last quarter. 67.52% of the stock is owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.76 dividend on an annualized basis and a yield of 0.96%. Canadian Pacific Railway’s dividend payout ratio (DPR) is 17.94%.
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About Canadian Pacific Railway
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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