National Bank Financial Analysts Lift Earnings Estimates for Canadian Pacific Railway Limited (CP)
Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – National Bank Financial lifted their Q4 2017 earnings estimates for Canadian Pacific Railway in a report issued on Tuesday. National Bank Financial analyst C. Doerksen now forecasts that the company will earn $3.26 per share for the quarter, up from their previous estimate of $3.25. National Bank Financial currently has a “Sector Perform” rating and a $244.00 target price on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q1 2018 earnings at $2.96 EPS, Q2 2018 earnings at $3.15 EPS, FY2018 earnings at $12.64 EPS and FY2019 earnings at $13.57 EPS.
A number of other equities research analysts have also recently commented on CP. Scotiabank lifted their price target on shares of Canadian Pacific Railway from C$220.00 to C$230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. CIBC lifted their price objective on shares of Canadian Pacific Railway from C$222.00 to C$233.00 in a research note on Tuesday, September 26th. J P Morgan Chase & Co lifted their price objective on shares of Canadian Pacific Railway from C$262.00 to C$265.00 in a research note on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and issued a C$238.00 price objective on shares of Canadian Pacific Railway in a research note on Wednesday, October 18th. Finally, Raymond James Financial lifted their price objective on shares of Canadian Pacific Railway from C$230.00 to C$245.00 in a research note on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$232.58.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio is currently 17.28%.
In other news, insider John Kenneth Brooks sold 600 shares of Canadian Pacific Railway stock in a transaction on Monday, December 11th. The shares were sold at an average price of C$229.35, for a total transaction of C$137,610.00.
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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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