Canadian Pacific Railway (TSE:CP) (NYSE:CP) – Stock analysts at National Bank Financial lowered their Q2 2018 earnings per share (EPS) estimates for Canadian Pacific Railway in a report released on Wednesday, April 18th. National Bank Financial analyst C. Doerksen now expects that the company will earn $3.00 per share for the quarter, down from their previous estimate of $3.12. National Bank Financial has a “Sector Perform” rating and a $250.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q4 2018 earnings at $3.61 EPS.
Other equities research analysts also recently issued research reports about the stock. Desjardins cut their target price on shares of Canadian Pacific Railway from C$254.00 to C$253.00 in a research report on Monday, April 16th. CIBC lifted their target price on shares of Canadian Pacific Railway from C$263.00 to C$270.00 in a research report on Thursday, April 19th. BMO Capital Markets set a C$254.00 price objective on shares of Canadian Pacific Railway and gave the company an “outperform” rating in a research report on Friday, January 19th. Macquarie set a C$250.00 price objective on shares of Canadian Pacific Railway and gave the company an “outperform” rating in a research report on Friday, January 12th. Finally, JPMorgan Chase boosted their price objective on shares of Canadian Pacific Railway from C$272.00 to C$276.00 in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$255.42.
TSE:CP opened at C$227.40 on Monday. Canadian Pacific Railway has a 12 month low of C$189.57 and a 12 month high of C$240.40.
In related news, insider James Dominic Luther Clements sold 1,000 shares of Canadian Pacific Railway stock in a transaction on Thursday, January 25th. The shares were sold at an average price of C$230.21, for a total transaction of C$230,210.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 23rd will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, March 22nd.
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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 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.
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