Canadian Pacific Railway Limited (TSE:CP) – Equities researchers at Raymond James Financial decreased their Q3 2016 earnings per share (EPS) estimates for shares of Canadian Pacific Railway Limited in a research note issued to investors on Monday. Raymond James Financial analyst S. Hansen now anticipates that the brokerage will earn $2.79 per share for the quarter, down from their prior forecast of $2.83. Raymond James Financial currently has a “Outperform” rating and a $230.00 target price on the stock. Raymond James Financial also issued estimates for Canadian Pacific Railway Limited’s Q4 2016 earnings at $3.22 EPS, FY2016 earnings at $10.56 EPS, Q1 2017 earnings at $2.81 EPS, Q2 2017 earnings at $2.82 EPS, Q3 2017 earnings at $3.38 EPS, Q4 2017 earnings at $3.40 EPS and FY2017 earnings at $12.40 EPS.

A number of other research analysts have also weighed in on CP. TD Securities decreased their price objective on Canadian Pacific Railway Limited from C$195.00 to C$185.00 and set a “hold” rating on the stock in a report on Wednesday, June 22nd. Barclays PLC decreased their price objective on Canadian Pacific Railway Limited from C$200.00 to C$190.00 in a report on Thursday, June 23rd. CIBC decreased their price objective on Canadian Pacific Railway Limited from C$205.00 to C$198.00 in a report on Thursday, June 23rd. Royal Bank Of Canada lifted their price target on Canadian Pacific Railway Limited from C$203.00 to C$216.00 and gave the stock an “outperform” rating in a report on Thursday, July 21st. Finally, Scotiabank lifted their price target on Canadian Pacific Railway Limited from C$203.00 to C$210.00 and gave the stock an “outperform” rating in a report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of C$201.91.

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

Canadian Pacific Railway Limited (TSE:CP) opened at 201.31 on Tuesday. The stock has a 50 day moving average of $197.91 and a 200-day moving average of $184.16. The company has a market capitalization of $29.75 billion and a PE ratio of 20.60. Canadian Pacific Railway Limited has a 12-month low of $140.02 and a 12-month high of $204.82.

Canadian Pacific Railway Limited Company Profile

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

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