Raymond James Analysts Decrease Earnings Estimates for Canadian Pacific Railway Ltd (CP)

Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) – Analysts at Raymond James cut their Q1 2019 earnings per share estimates for shares of Canadian Pacific Railway in a note issued to investors on Tuesday, April 16th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $2.85 for the quarter, down from their prior estimate of $3.46. Raymond James currently has a “Strong-Buy” rating and a $340.00 price objective on the stock.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last posted its quarterly earnings data on Wednesday, January 23rd. The company reported C$4.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$4.22 by C$0.33. The firm had revenue of C$2.01 billion during the quarter, compared to analyst estimates of C$1.94 billion.

CP has been the topic of several other reports. JPMorgan Chase & Co. lowered their price objective on Canadian Pacific Railway from C$337.00 to C$335.00 in a report on Monday, April 1st. Morgan Stanley lifted their price objective on Canadian Pacific Railway from C$276.00 to C$277.00 in a report on Thursday, January 24th. CIBC boosted their target price on Canadian Pacific Railway from C$310.00 to C$315.00 in a report on Thursday, January 24th. National Bank Financial lowered their target price on Canadian Pacific Railway from C$303.00 to C$287.00 and set an “outperform” rating on the stock in a report on Wednesday, December 19th. Finally, Royal Bank of Canada boosted their target price on Canadian Pacific Railway from C$331.00 to C$334.00 and gave the stock an “outperform” rating in a report on Thursday, January 24th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$296.00.

CP stock opened at C$286.90 on Thursday. The company has a debt-to-equity ratio of 131.04, a quick ratio of 0.45 and a current ratio of 0.57. Canadian Pacific Railway has a 12-month low of C$220.40 and a 12-month high of C$291.56. The stock has a market capitalization of $39.73 billion and a P/E ratio of 21.08.

In other news, Director Andrew Fitzpatrick Reardon sold 3,578 shares of the business’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of C$270.28, for a total transaction of C$967,073.29. Following the transaction, the director now directly owns 151 shares in the company, valued at approximately C$40,812.76.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, March 28th. Canadian Pacific Railway’s dividend payout ratio is currently 18.46%.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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

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