Q2 2018 EPS Estimates for Canadian Pacific Railway Lowered by Analyst (CP)

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.

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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.

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

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