Analysts expect Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) to announce $2.57 earnings per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Canadian Pacific Railway’s earnings, with the highest EPS estimate coming in at $2.72 and the lowest estimate coming in at $2.46. Canadian Pacific Railway posted earnings of $2.28 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.7%. The company is scheduled to issue its next earnings report after the market closes on Thursday, January 18th.
According to Zacks, analysts expect that Canadian Pacific Railway will report full-year earnings of $9.00 per share for the current financial year, with EPS estimates ranging from $8.76 to $9.18. For the next fiscal year, analysts expect that the company will report earnings of $10.22 per share, with EPS estimates ranging from $9.86 to $10.61. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Canadian Pacific Railway.
A number of analysts recently commented on CP shares. Argus boosted their target price on Canadian Pacific Railway from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Goldman Sachs Group started coverage on Canadian Pacific Railway in a research report on Monday, November 13th. They issued a “neutral” rating and a $178.00 target price for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $238.00 target price on shares of Canadian Pacific Railway in a research report on Wednesday, October 18th. Deutsche Bank started coverage on Canadian Pacific Railway in a research report on Wednesday, November 1st. They issued a “buy” rating and a $209.00 target price for the company. Finally, JPMorgan Chase & Co. raised Canadian Pacific Railway from a “neutral” rating to an “overweight” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Canadian Pacific Railway currently has an average rating of “Buy” and an average target price of $191.19.
Shares of Canadian Pacific Railway (NYSE CP) traded down $0.55 during trading hours on Friday, hitting $183.02. The stock had a trading volume of 532,919 shares, compared to its average volume of 456,818. The firm has a market cap of $26,540.00, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.44. Canadian Pacific Railway has a 12 month low of $143.20 and a 12 month high of $187.42.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio is currently 17.90%.
A number of institutional investors and hedge funds have recently modified their holdings of CP. Private Advisor Group LLC bought a new stake in Canadian Pacific Railway during the 2nd quarter worth approximately $309,000. Wells Fargo & Company MN increased its holdings in Canadian Pacific Railway by 1.5% during the 2nd quarter. Wells Fargo & Company MN now owns 137,025 shares of the transportation company’s stock worth $22,034,000 after purchasing an additional 2,041 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Canadian Pacific Railway by 59.2% during the 2nd quarter. Alliancebernstein L.P. now owns 15,607 shares of the transportation company’s stock worth $2,510,000 after purchasing an additional 5,802 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Canadian Pacific Railway by 23.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock worth $141,000 after purchasing an additional 167 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in Canadian Pacific Railway by 72.9% during the 2nd quarter. Stephens Inc. AR now owns 3,917 shares of the transportation company’s stock worth $630,000 after purchasing an additional 1,651 shares in the last quarter. 67.52% of the stock is owned by hedge funds and other institutional investors.
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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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