Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Analysts at National Bank Financial raised their FY2017 EPS estimates for shares of Canadian Pacific Railway Limited in a research note issued to investors on Tuesday. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will earn $9.13 per share for the year, up from their prior forecast of $8.92. National Bank Financial has a “Sector Perform” rating and a $207.00 price objective on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway Limited’s Q4 2017 earnings at $2.50 EPS and Q4 2018 earnings at $2.79 EPS.

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

Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at 157.40 on Thursday. Canadian Pacific Railway Limited has a 1-year low of $139.29 and a 1-year high of $167.52. The stock’s 50 day moving average price is $155.44 and its 200-day moving average price is $154.59. The stock has a market cap of $22.99 billion, a price-to-earnings ratio of 17.91 and a beta of 1.09.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Artisan Partners Limited Partnership grew its stake in shares of Canadian Pacific Railway Limited by 2.1% in the second quarter. Artisan Partners Limited Partnership now owns 6,018,329 shares of the transportation company’s stock valued at $967,807,000 after buying an additional 125,306 shares in the last quarter. Causeway Capital Management LLC purchased a new position in Canadian Pacific Railway Limited in the first quarter valued at $662,274,000. WCM Investment Management CA boosted its holdings in Canadian Pacific Railway Limited by 6.4% in the second quarter. WCM Investment Management CA now owns 3,732,988 shares of the transportation company’s stock valued at $600,302,000 after purchasing an additional 223,142 shares during the period. TD Asset Management Inc. boosted its holdings in Canadian Pacific Railway Limited by 6.0% in the second quarter. TD Asset Management Inc. now owns 3,719,943 shares of the transportation company’s stock valued at $597,654,000 after purchasing an additional 212,179 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Canadian Pacific Railway Limited by 4.7% in the second quarter. Vanguard Group Inc. now owns 3,225,817 shares of the transportation company’s stock valued at $518,743,000 after purchasing an additional 145,603 shares during the period. 65.89% of the stock is owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a $0.4411 dividend. The ex-dividend date is Thursday, September 28th. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.12%. Canadian Pacific Railway Limited’s payout ratio is presently 19.88%.

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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