Q2 2017 Earnings Forecast for Canadian Pacific Railway Limited Issued By Cormark (TSE:CP)
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Stock analysts at Cormark raised their Q2 2017 EPS estimates for shares of Canadian Pacific Railway Limited in a report issued on Thursday. Cormark analyst D. Tyerman now anticipates that the company will post earnings per share of $2.72 for the quarter, up from their previous estimate of $2.58. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q3 2017 earnings at $3.16 EPS, Q4 2017 earnings at $3.14 EPS, FY2017 earnings at $11.51 EPS, Q1 2018 earnings at $2.61 EPS, Q2 2018 earnings at $3.05 EPS, Q3 2018 earnings at $3.38 EPS and Q4 2018 earnings at $3.41 EPS.
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Other analysts have also recently issued research reports about the stock. CIBC boosted their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a research note on Thursday, July 6th. Desjardins boosted their price target on shares of Canadian Pacific Railway Limited from C$221.00 to C$232.00 in a research report on Thursday, April 20th. TD Securities restated a “hold” rating and set a C$210.00 price target on shares of Canadian Pacific Railway Limited in a research report on Thursday, April 20th. Loop Capital lowered shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Finally, Scotiabank restated an “outperform” rating and set a C$220.00 price target on shares of Canadian Pacific Railway Limited in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$215.23.
Canadian Pacific Railway Limited (TSE CP) opened at 209.73 on Friday. The firm’s 50 day moving average is $210.20 and its 200 day moving average is $201.69. Canadian Pacific Railway Limited has a 12-month low of $175.00 and a 12-month high of $218.78. The company has a market cap of $30.77 billion and a P/E ratio of 20.94.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be issued a $0.5625 dividend. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.50. This represents a $2.25 annualized dividend and a dividend yield of 1.07%.
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.
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