Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Desjardins lifted their Q3 2018 earnings per share (EPS) estimates for Canadian Pacific Railway in a research note issued to investors on Monday, October 8th. Desjardins analyst B. Poirier now forecasts that the transportation company will post earnings of $3.16 per share for the quarter, up from their previous estimate of $2.79. Desjardins also issued estimates for Canadian Pacific Railway’s FY2020 earnings at $13.61 EPS and FY2021 earnings at $15.05 EPS.
Get Canadian Pacific Railway alerts:Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 18th. The transportation company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.76. Canadian Pacific Railway had a net margin of 33.92% and a return on equity of 27.87%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. Canadian Pacific Railway’s revenue for the quarter was up 6.5% on a year-over-year basis.
Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus upgraded shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets reaffirmed a “buy” rating and issued a $260.00 target price (up from $242.00) on shares of Canadian Pacific Railway in a report on Monday, October 8th. Cowen upped their target price on shares of Canadian Pacific Railway from $225.00 to $236.00 and gave the company an “outperform” rating in a report on Monday, October 8th. Finally, Stephens reaffirmed a “hold” rating and issued a $239.00 target price on shares of Canadian Pacific Railway in a report on Monday, October 8th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Canadian Pacific Railway currently has an average rating of “Buy” and an average price target of $237.38.
NYSE CP opened at $207.39 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.48. Canadian Pacific Railway has a 1 year low of $166.36 and a 1 year high of $224.19. The firm has a market capitalization of $30.22 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.78 and a beta of 1.07.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 29th. Investors of record on Friday, September 28th will be issued a dividend of $0.4999 per share. This is a boost 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 hedge funds and other institutional investors have recently bought and sold shares of CP. Wells Fargo & Company MN raised its holdings in Canadian Pacific Railway by 5.7% during the first quarter. Wells Fargo & Company MN now owns 72,859 shares of the transportation company’s stock worth $12,859,000 after purchasing an additional 3,914 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Canadian Pacific Railway by 6.2% during the first quarter. Dimensional Fund Advisors LP now owns 40,683 shares of the transportation company’s stock worth $7,181,000 after purchasing an additional 2,382 shares in the last quarter. BB&T Securities LLC raised its holdings in Canadian Pacific Railway by 18.1% during the first quarter. BB&T Securities LLC now owns 10,794 shares of the transportation company’s stock worth $1,905,000 after purchasing an additional 1,656 shares in the last quarter. UBS Group AG raised its holdings in Canadian Pacific Railway by 234.5% during the first quarter. UBS Group AG now owns 155,729 shares of the transportation company’s stock worth $27,487,000 after purchasing an additional 271,502 shares in the last quarter. Finally, United Capital Financial Advisers LLC purchased a new position in Canadian Pacific Railway during the first quarter worth about $216,000. 65.08% of the stock is owned by hedge funds and other institutional investors.
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.
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