Canadian Pacific Railway (TSE:CP) (NYSE:CP) – Research analysts at National Bank Financial lifted their Q3 2018 earnings estimates for shares of Canadian Pacific Railway in a research report issued on Wednesday, April 18th. National Bank Financial analyst C. Doerksen now anticipates that the company will post earnings of $3.31 per share for the quarter, up from their previous estimate of $3.26. National Bank Financial currently has a “Sector Perform” rating and a $250.00 target price on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s FY2019 earnings at $13.90 EPS.
A number of other research firms have also weighed in on CP. Morgan Stanley upped their price objective on Canadian Pacific Railway from C$228.00 to C$248.00 in a research report on Monday, January 22nd. CIBC upped their price objective on Canadian Pacific Railway from C$263.00 to C$270.00 in a research report on Thursday. Raymond James upped their price objective on Canadian Pacific Railway from C$255.00 to C$260.00 in a research report on Tuesday, April 3rd. TD Securities upped their price objective on Canadian Pacific Railway from C$240.00 to C$250.00 and gave the stock a “hold” rating in a research report on Friday, January 19th. Finally, Desjardins cut their price objective on Canadian Pacific Railway from C$254.00 to C$253.00 in a research report on Monday, April 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$255.42.
TSE:CP opened at C$223.48 on Friday. Canadian Pacific Railway has a 52 week low of C$189.57 and a 52 week high of C$240.40.
Canadian Pacific Railway (TSE:CP) (NYSE:CP) last released its quarterly earnings results on Thursday, January 18th. The company reported C$3.22 EPS for the quarter, topping analysts’ consensus estimates of C$3.20 by C$0.02. Canadian Pacific Railway had a return on equity of 101.93% and a net margin of 89.03%. The company had revenue of C$1.71 billion for the quarter, compared to analysts’ expectations of C$1.71 billion.
In other Canadian Pacific Railway news, insider James Dominic Luther Clements sold 1,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of C$230.21, for a total transaction of C$230,210.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, March 22nd.
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Canadian Pacific Railway Company Profile
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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