Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Investment analysts at Seaport Global Securities lowered their Q3 2017 earnings per share estimates for shares of Canadian Pacific Railway Limited in a note issued to investors on Friday. Seaport Global Securities analyst M. Levin now forecasts that the company will earn $2.85 per share for the quarter, down from their previous forecast of $3.00. Seaport Global Securities also issued estimates for Canadian Pacific Railway Limited’s FY2018 earnings at $13.00 EPS and FY2019 earnings at $14.75 EPS.

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, July 19th. The company reported C$2.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.69 by C$0.08. The company had revenue of C$1.64 billion for the quarter, compared to analysts’ expectations of C$1.62 billion. Canadian Pacific Railway Limited had a return on equity of 37.13% and a net margin of 29.21%. WARNING: “Analysts Offer Predictions for Canadian Pacific Railway Limited’s Q3 2017 Earnings (CP)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/10/analysts-offer-predictions-for-canadian-pacific-railway-limiteds-q3-2017-earnings-cp.html.

Several other equities research analysts have also weighed in on the stock. CIBC increased their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$222.00 in a report on Thursday, July 6th. Royal Bank Of Canada increased their target price on shares of Canadian Pacific Railway Limited from C$227.00 to C$229.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th. Scotiabank increased their target price on shares of Canadian Pacific Railway Limited from C$220.00 to C$225.00 and gave the stock an “outperform” rating in a report on Thursday, July 20th. Finally, National Bank Financial lowered shares of Canadian Pacific Railway Limited from an “overweight” rating to a “sector perform” rating and cut their target price for the stock from C$219.00 to C$207.00 in a report on Wednesday, September 13th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$215.38.

Canadian Pacific Railway Limited (TSE:CP) opened at 206.73 on Monday. The firm has a 50 day moving average price of $198.85 and a 200 day moving average price of $203.77. Canadian Pacific Railway Limited has a 12-month low of $186.21 and a 12-month high of $218.78. The company has a market cap of $30.20 billion and a PE ratio of 18.55.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be issued a dividend of $0.5625 per share. The ex-dividend date is Thursday, September 28th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.09%.

In related news, insider Steven Nettleton sold 436 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$155.68, for a total transaction of C$67,876.48. Also, insider Laird Joseph Pitz sold 609 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of C$157.51, for a total transaction of C$95,923.59. Over the last 90 days, insiders have sold 1,250 shares of company stock worth $197,881.

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 (TSE:CP)

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