Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Equities research analysts at Cormark decreased their Q1 2018 EPS estimates for shares of Canadian Pacific Railway Limited in a research note issued on Thursday. Cormark analyst D. Tyerman now expects that the transportation company will earn $2.00 per share for the quarter, down from their previous estimate of $2.03.

A number of other equities research analysts have also weighed in on the company. Credit Suisse Group reiterated an “outperform” rating and issued a $183.00 price objective (up from $178.00) on shares of Canadian Pacific Railway Limited in a research report on Thursday. They noted that the move was a valuation call. Zacks Investment Research upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a research report on Wednesday, July 12th. Stifel Nicolaus lifted their price objective on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a “buy” rating in a research report on Tuesday, July 11th. BidaskClub upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $180.00 price objective (up from $165.00) on shares of Canadian Pacific Railway Limited in a research report on Sunday, May 14th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Canadian Pacific Railway Limited has a consensus rating of “Buy” and a consensus price target of $187.24.

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Shares of Canadian Pacific Railway Limited (CP) opened at 166.45 on Monday. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $167.52. The company has a market capitalization of $24.42 billion, a PE ratio of 21.61 and a beta of 1.10. The stock’s 50 day moving average price is $156.77 and its 200 day moving average price is $151.05.

A number of hedge funds and other institutional investors have recently made changes to their positions in CP. Comerica Bank boosted its position in shares of Canadian Pacific Railway Limited by 5.3% in the fourth quarter. Comerica Bank now owns 11,166 shares of the transportation company’s stock worth $1,658,000 after buying an additional 567 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Canadian Pacific Railway Limited by 96.3% in the fourth quarter. Guggenheim Capital LLC now owns 6,520 shares of the transportation company’s stock worth $930,000 after buying an additional 3,198 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Canadian Pacific Railway Limited by 804.3% in the fourth quarter. AQR Capital Management LLC now owns 25,447 shares of the transportation company’s stock worth $3,635,000 after buying an additional 22,633 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Canadian Pacific Railway Limited during the fourth quarter worth about $2,391,000. Finally, Park National Corp OH boosted its position in shares of Canadian Pacific Railway Limited by 15.1% in the first quarter. Park National Corp OH now owns 1,834 shares of the transportation company’s stock worth $269,000 after buying an additional 241 shares during the last quarter. Institutional investors and hedge funds own 70.18% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be paid a dividend of $0.412 per share. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, June 28th. This represents a $1.65 dividend on an annualized basis and a yield of 0.99%. Canadian Pacific Railway Limited’s payout ratio is presently 21.86%.

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 (NYSE:CP)

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