Canadian Pacific Railway (NYSE:CP) (TSE:CP) posted its earnings results on Thursday. The transportation company reported $4.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.16 by $0.96, Briefing.com reports. Canadian Pacific Railway had a net margin of 33.92% and a return on equity of 27.87%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the firm earned $2.90 EPS. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year.
Shares of NYSE:CP opened at $203.31 on Friday. Canadian Pacific Railway has a 12 month low of $166.36 and a 12 month high of $224.19. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a market cap of $29.40 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.45 and a beta of 1.07.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 29th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.4999 per share. The ex-dividend date is Thursday, September 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.98%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.44. Canadian Pacific Railway’s dividend payout ratio is currently 22.89%.
Several research firms have recently weighed in on CP. Credit Suisse Group upped their target price on shares of Canadian Pacific Railway from $216.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 5th. Stifel Nicolaus upped their target price on shares of Canadian Pacific Railway from $207.00 to $247.00 and gave the stock a “hold” rating in a report on Sunday, October 7th. Stephens reaffirmed a “hold” rating and issued a $239.00 target price on shares of Canadian Pacific Railway in a report on Monday, October 8th. Cowen upped their target price on shares of Canadian Pacific Railway from $225.00 to $236.00 and gave the stock an “outperform” rating in a report on Monday, October 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $260.00 target price (up previously from $242.00) on shares of Canadian Pacific Railway in a report on Monday, October 8th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Canadian Pacific Railway presently has a consensus rating of “Buy” and an average price target of $237.15.
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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