Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Cormark lowered their FY2016 earnings per share (EPS) estimates for shares of Canadian Pacific Railway Limited in a research note issued on Wednesday. Cormark analyst D. Tyerman now expects that the brokerage will post earnings per share of $7.84 for the year, down from their previous forecast of $8.06. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q1 2017 earnings at $1.95 EPS, Q2 2017 earnings at $2.03 EPS, FY2017 earnings at $8.78 EPS and FY2018 earnings at $9.83 EPS.

Canadian Pacific Railway Limited (NYSE:CP) last announced its earnings results on Wednesday, October 19th. The company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.79 by $0.06. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.26 billion. Canadian Pacific Railway Limited had a net margin of 24.33% and a return on equity of 30.92%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS.

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

Several other equities research analysts have also weighed in on the company. Raymond James Financial, Inc. lowered Canadian Pacific Railway Limited from a “strong-buy” rating to an “outperform” rating in a research note on Monday, October 17th. Susquehanna reiterated a “neutral” rating and issued a $168.00 price objective (up from $167.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, October 22nd. Barclays PLC reiterated a “buy” rating and issued a $177.00 price objective on shares of Canadian Pacific Railway Limited in a research note on Tuesday. Stifel Nicolaus upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and upped their price objective for the company from $155.00 to $166.00 in a research note on Thursday, December 15th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $171.00 price objective on shares of Canadian Pacific Railway Limited in a research note on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $181.69.

Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at 148.48 on Thursday. The firm’s 50-day moving average price is $147.85 and its 200 day moving average price is $146.78. The company has a market cap of $21.72 billion, a P/E ratio of 19.49 and a beta of 1.08. Canadian Pacific Railway Limited has a 52 week low of $97.09 and a 52 week high of $157.34.

A number of institutional investors have recently bought and sold shares of CP. Fifth Third Bancorp boosted its position in Canadian Pacific Railway Limited by 5.2% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the company’s stock worth $176,000 after buying an additional 68 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in Canadian Pacific Railway Limited by 3.0% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 2,532 shares of the company’s stock worth $326,000 after buying an additional 73 shares during the last quarter. Sawtooth Solutions LLC boosted its position in Canadian Pacific Railway Limited by 2.8% in the third quarter. Sawtooth Solutions LLC now owns 3,083 shares of the company’s stock worth $471,000 after buying an additional 85 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in Canadian Pacific Railway Limited by 4.5% in the second quarter. Hillsdale Investment Management Inc. now owns 2,300 shares of the company’s stock worth $296,000 after buying an additional 100 shares during the last quarter. Finally, Geneva Advisors LLC boosted its position in Canadian Pacific Railway Limited by 2.6% in the third quarter. Geneva Advisors LLC now owns 5,860 shares of the company’s stock worth $895,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 68.63% of the company’s stock.

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In related news, VP Peter John Edwards sold 15,300 shares of Canadian Pacific Railway Limited stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $149.60, for a total transaction of $2,288,880.00. Following the completion of the transaction, the vice president now owns 16,333 shares in the company, valued at $2,443,416.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ubavka Rebecca Macdonald sold 3,900 shares of Canadian Pacific Railway Limited stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $143.65, for a total value of $560,235.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Stockholders of record on Friday, December 30th will be issued a $0.379 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Wednesday, December 28th. Canadian Pacific Railway Limited’s payout ratio is 19.66%.

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.

5 Day Chart for NYSE:CP

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