Equities Analysts Set Expectations for Canadian Pacific Railway Limited’s Q1 2018 Earnings (CP)

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Investment analysts at Cormark increased their Q1 2018 EPS estimates for shares of Canadian Pacific Railway Limited in a research report issued on Monday. Cormark analyst D. Tyerman now anticipates that the transportation company will earn $2.10 per share for the quarter, up from their prior estimate of $1.99. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q2 2018 earnings at $2.53 EPS, Q3 2018 earnings at $2.67 EPS and FY2018 earnings at $10.08 EPS.

CP has been the topic of several other research reports. Morgan Stanley dropped their price objective on Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 20th. Cowen and Company reaffirmed a “buy” rating and set a $172.00 price objective on shares of Canadian Pacific Railway Limited in a research note on Friday, July 28th. Credit Suisse Group reaffirmed an “outperform” rating and set a $178.00 price objective (up previously from $171.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 28th. Finally, Zacks Investment Research downgraded Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. Canadian Pacific Railway Limited currently has an average rating of “Buy” and a consensus target price of $188.35.

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Shares of Canadian Pacific Railway Limited (CP) traded down 1.42% on Wednesday, hitting $158.63. The stock had a trading volume of 69,235 shares. The firm has a 50 day moving average price of $155.40 and a 200 day moving average price of $154.50. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $167.52. The company has a market capitalization of $23.17 billion, a P/E ratio of 18.05 and a beta of 1.09.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be issued a $0.4411 dividend. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, September 28th. This represents a $1.76 annualized dividend and a dividend yield of 1.10%. Canadian Pacific Railway Limited’s dividend payout ratio (DPR) is presently 19.88%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Common Asset Management LLC grew its holdings in shares of Canadian Pacific Railway Limited by 1.1% in the 1st quarter. Boston Common Asset Management LLC now owns 23,789 shares of the transportation company’s stock valued at $3,495,000 after acquiring an additional 260 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Canadian Pacific Railway Limited by 14.9% in the 1st quarter. AQR Capital Management LLC now owns 29,237 shares of the transportation company’s stock valued at $4,283,000 after acquiring an additional 3,790 shares in the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Canadian Pacific Railway Limited by 4.5% in the 1st quarter. Congress Asset Management Co. MA now owns 46,482 shares of the transportation company’s stock valued at $6,829,000 after acquiring an additional 2,010 shares in the last quarter. Addenda Capital Inc. grew its holdings in shares of Canadian Pacific Railway Limited by 4.6% in the 2nd quarter. Addenda Capital Inc. now owns 99,547 shares of the transportation company’s stock valued at $16,037,000 after acquiring an additional 4,377 shares in the last quarter. Finally, United Services Automobile Association grew its holdings in shares of Canadian Pacific Railway Limited by 12.4% in the 1st quarter. United Services Automobile Association now owns 288,134 shares of the transportation company’s stock valued at $42,333,000 after acquiring an additional 31,869 shares in the last quarter. Institutional investors own 65.89% of the company’s stock.

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.

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

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