Q2 2018 EPS Estimates for Canadian Pacific Railway Limited Cut by Cormark (CP)
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Cormark lowered their Q2 2018 EPS estimates for Canadian Pacific Railway in a report issued on Friday. Cormark analyst D. Tyerman now expects that the company will post earnings of $3.13 per share for the quarter, down from their previous forecast of $3.24. Cormark also issued estimates for Canadian Pacific Railway’s Q3 2018 earnings at $3.34 EPS, Q4 2018 earnings at $3.68 EPS, Q1 2019 earnings at $3.17 EPS, Q2 2019 earnings at $3.52 EPS, Q3 2019 earnings at $3.90 EPS, Q4 2019 earnings at $4.09 EPS and FY2022 earnings at $20.72 EPS.
Several other equities research analysts have also commented on the stock. TD Securities upped their price target on shares of Canadian Pacific Railway from C$240.00 to C$250.00 and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets set a C$254.00 price target on shares of Canadian Pacific Railway and gave the company an “outperform” rating in a research report on Friday. UBS Group reduced their price target on shares of Canadian Pacific Railway from C$270.00 to C$266.00 in a research report on Friday. National Bank Financial upped their price target on shares of Canadian Pacific Railway from C$244.00 to C$248.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Raymond James Financial upped their price target on shares of Canadian Pacific Railway from C$245.00 to C$255.00 in a research report on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$249.67.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be paid a $0.5625 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.25 annualized dividend and a yield of 0.96%. Canadian Pacific Railway’s payout ratio is 17.28%.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$229.35, for a total value of C$137,610.00.
About Canadian Pacific Railway
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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