Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Stock analysts at National Bank Financial increased their Q4 2017 earnings per share estimates for Canadian Pacific Railway Limited in a research note issued on Tuesday. National Bank Financial analyst C. Doerksen now expects that the firm will post earnings of $3.10 per share for the quarter, up from their prior estimate of $3.08. National Bank Financial currently has a “Outperform” rating and a $217.00 target price on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway Limited’s Q1 2018 earnings at $2.89 EPS, Q2 2018 earnings at $3.11 EPS and FY2018 earnings at $12.78 EPS.
A number of other research firms have also recently commented on CP. TD Securities reduced their price target on shares of Canadian Pacific Railway Limited from C$215.00 to C$210.00 and set a “hold” rating for the company in a report on Thursday, January 19th. Scotiabank restated an “outperform” rating and issued a C$220.00 price target on shares of Canadian Pacific Railway Limited in a report on Thursday, January 19th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$230.00 price target on shares of Canadian Pacific Railway Limited in a report on Thursday, January 19th. CIBC dropped their price objective on shares of Canadian Pacific Railway Limited from C$225.00 to C$220.00 in a research note on Thursday, January 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Canadian Pacific Railway Limited from C$231.00 to C$233.00 in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$212.92.
Canadian Pacific Railway Limited (TSE:CP) opened at 194.65 on Friday. Canadian Pacific Railway Limited has a 1-year low of $156.01 and a 1-year high of $209.12. The stock’s 50 day moving average is $196.44 and its 200 day moving average is $196.64. The firm has a market capitalization of $28.49 billion and a price-to-earnings ratio of 18.31.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Friday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.03%.
In related news, insider Mark Wallace sold 4,500 shares of the firm’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of C$199.64, for a total transaction of C$898,380.00.
About Canadian Pacific Railway Limited
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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