Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Investment analysts at Seaport Global Securities upped their Q3 2018 earnings per share estimates for shares of Canadian Pacific Railway in a research note issued to investors on Thursday, September 27th, according to Zacks Investment Research. Seaport Global Securities analyst M. Levin now anticipates that the transportation company will earn $2.85 per share for the quarter, up from their previous estimate of $2.70. Seaport Global Securities has a “Buy” rating and a $205.00 price target on the stock. Seaport Global Securities also issued estimates for Canadian Pacific Railway’s Q4 2018 earnings at $3.08 EPS, FY2018 earnings at $10.44 EPS, FY2019 earnings at $11.75 EPS and FY2020 earnings at $13.26 EPS.
A number of other equities research analysts have also recently weighed in on CP. Raymond James upgraded Canadian Pacific Railway from an “outperform” rating to a “strong-buy” rating in a research note on Monday, July 9th. Deutsche Bank cut Canadian Pacific Railway to a “buy” rating in a research note on Monday, July 9th. Zacks Investment Research cut Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Loop Capital restated a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, July 19th. Finally, Stifel Nicolaus upped their price objective on Canadian Pacific Railway from $200.00 to $207.00 and gave the stock a “hold” rating in a research note on Thursday, July 19th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $237.15.
Shares of NYSE CP traded up $3.99 during mid-day trading on Friday, reaching $207.39. 757,608 shares of the company were exchanged, compared to its average volume of 539,880. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market capitalization of $30.22 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. Canadian Pacific Railway has a 1 year low of $166.36 and a 1 year high of $224.19.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 18th. The transportation company reported $3.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.40 by $0.76. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the business earned $2.77 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 29th. Investors of record on Friday, September 28th will be given a dividend of $0.4999 per share. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.44. This represents a $2.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, September 27th. Canadian Pacific Railway’s dividend payout ratio is currently 22.89%.
A number of large investors have recently made changes to their positions in CP. Egerton Capital UK LLP increased its position in Canadian Pacific Railway by 24.4% during the 2nd quarter. Egerton Capital UK LLP now owns 2,792,805 shares of the transportation company’s stock valued at $511,139,000 after buying an additional 548,467 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Canadian Pacific Railway by 79.4% in the second quarter. Toronto Dominion Bank now owns 1,034,315 shares of the transportation company’s stock valued at $187,564,000 after purchasing an additional 457,885 shares during the period. UBS Group AG increased its holdings in shares of Canadian Pacific Railway by 234.5% in the first quarter. UBS Group AG now owns 155,729 shares of the transportation company’s stock valued at $27,487,000 after purchasing an additional 271,502 shares during the period. Addenda Capital Inc. acquired a new position in shares of Canadian Pacific Railway in the second quarter valued at about $41,368,000. Finally, Fiera Capital Corp increased its holdings in shares of Canadian Pacific Railway by 30.9% in the second quarter. Fiera Capital Corp now owns 924,876 shares of the transportation company’s stock valued at $169,510,000 after purchasing an additional 218,248 shares during the period. 65.08% of the stock is currently owned by institutional investors.
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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