Q3 2018 Earnings Estimate for Canadian Pacific Railway (CP) Issued By National Bank Financial

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.

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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.

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

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