Wall Street analysts forecast that Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) will announce $1.34 billion in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Canadian Pacific Railway Limited’s earnings. The highest sales estimate is $1.39 billion and the lowest is $1.25 billion. Canadian Pacific Railway Limited posted sales of $1.23 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The business is scheduled to issue its next quarterly earnings report on Wednesday, January 17th.

On average, analysts expect that Canadian Pacific Railway Limited will report full-year sales of $1.34 billion for the current fiscal year, with estimates ranging from $5.16 billion to $5.35 billion. For the next financial year, analysts anticipate that the company will report sales of $5.44 billion per share, with estimates ranging from $5.29 billion to $5.54 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Canadian Pacific Railway Limited.

CP has been the topic of a number of research analyst reports. Stifel Nicolaus increased their target price on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 target price on the stock in a research note on Wednesday, July 12th. Credit Suisse Group reissued an “outperform” rating and issued a $183.00 target price (up previously from $178.00) on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 13th. They noted that the move was a valuation call. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 20th. Finally, Bank of America Corporation increased their target price on Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $192.07.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MML Investors Services LLC grew its stake in shares of Canadian Pacific Railway Limited by 1.1% in the second quarter. MML Investors Services LLC now owns 2,870 shares of the transportation company’s stock worth $462,000 after purchasing an additional 32 shares during the last quarter. Blair William & Co. IL grew its stake in shares of Canadian Pacific Railway Limited by 0.6% in the second quarter. Blair William & Co. IL now owns 15,366 shares of the transportation company’s stock worth $2,471,000 after purchasing an additional 85 shares during the last quarter. NN Investment Partners Holdings N.V. grew its stake in shares of Canadian Pacific Railway Limited by 0.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 13,077 shares of the transportation company’s stock worth $2,104,000 after purchasing an additional 100 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Canadian Pacific Railway Limited by 0.3% in the second quarter. Canada Pension Plan Investment Board now owns 29,800 shares of the transportation company’s stock worth $4,788,000 after purchasing an additional 100 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Canadian Pacific Railway Limited by 13.0% in the second quarter. Parallel Advisors LLC now owns 983 shares of the transportation company’s stock worth $154,000 after purchasing an additional 113 shares during the last quarter. 66.55% of the stock is currently owned by institutional investors.

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Canadian Pacific Railway Limited (NYSE:CP) opened at $172.95 on Friday. The company has a market capitalization of $25,072.04, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.64 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.44. Canadian Pacific Railway Limited has a 12 month low of $139.29 and a 12 month high of $179.17.

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

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