Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Equities researchers at Seaport Global Securities dropped their FY2017 earnings per share (EPS) estimates for shares of Canadian Pacific Railway in a research report issued to clients and investors on Friday. Seaport Global Securities analyst M. Levin now expects that the transportation company will earn $8.84 per share for the year, down from their prior forecast of $9.10. Seaport Global Securities also issued estimates for Canadian Pacific Railway’s Q4 2017 earnings at $2.48 EPS, FY2018 earnings at $10.05 EPS and FY2019 earnings at $11.41 EPS.

Several other equities research analysts have also recently weighed in on the company. Goldman Sachs Group began coverage on Canadian Pacific Railway in a report on Monday, November 13th. They set a “neutral” rating and a $178.00 target price for the company. Deutsche Bank began coverage on Canadian Pacific Railway in a report on Wednesday, November 1st. They set a “buy” rating and a $209.00 target price for the company. Argus increased their target price on Canadian Pacific Railway from $180.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Morgan Stanley increased their target price on Canadian Pacific Railway from $214.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets restated a “buy” rating and set a $238.00 target price on shares of Canadian Pacific Railway in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $191.19.

Shares of Canadian Pacific Railway (NYSE:CP) opened at $179.25 on Monday. The firm has a market capitalization of $25,960.72, a PE ratio of 20.94, a P/E/G ratio of 1.71 and a beta of 1.20. Canadian Pacific Railway has a fifty-two week low of $141.32 and a fifty-two week high of $181.28. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.33.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CP. Arrowstreet Capital Limited Partnership raised its position in Canadian Pacific Railway by 62,170.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 934,062 shares of the transportation company’s stock valued at $150,200,000 after purchasing an additional 932,562 shares during the last quarter. Janus Henderson Group PLC bought a new position in Canadian Pacific Railway during the 2nd quarter valued at approximately $108,548,000. CIBC Asset Management Inc raised its position in Canadian Pacific Railway by 22.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock valued at $448,756,000 after purchasing an additional 486,845 shares during the last quarter. Mawer Investment Management Ltd. raised its position in Canadian Pacific Railway by 23.8% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,213,962 shares of the transportation company’s stock valued at $204,020,000 after purchasing an additional 233,468 shares during the last quarter. Finally, TD Asset Management Inc. raised its position in Canadian Pacific Railway by 5.7% during the 3rd quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock valued at $659,089,000 after purchasing an additional 213,056 shares during the last quarter. 67.52% of the stock is owned by institutional investors and hedge funds.

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 given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s payout ratio is 18.62%.

ILLEGAL ACTIVITY WARNING: “Canadian Pacific Railway Limited (CP) to Post FY2017 Earnings of $8.84 Per Share, Seaport Global Securities Forecasts” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://www.watchlistnews.com/canadian-pacific-railway-limited-cp-to-post-fy2017-earnings-of-8-84-per-share-seaport-global-securities-forecasts/1774424.html.

Canadian Pacific Railway Company Profile

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 (NYSE:CP)

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.