Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Investment analysts at National Bank Financial upped their Q2 2018 earnings per share estimates for shares of Canadian Pacific Railway in a research note issued to investors on Tuesday. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will earn $2.46 per share for the quarter, up from their previous estimate of $2.42. National Bank Financial has a “Sector Perform” rating and a $207.00 price target on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q3 2018 earnings at $2.36 EPS, FY2018 earnings at $9.86 EPS and FY2019 earnings at $10.58 EPS.

A number of other research firms have also commented on CP. Loop Capital upgraded shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. They noted that the move was a valuation call. Morgan Stanley raised their price objective on shares of Canadian Pacific Railway from $214.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. BMO Capital Markets restated a “buy” rating and issued a $238.00 price target on shares of Canadian Pacific Railway in a research report on Wednesday, October 18th. BidaskClub lowered shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Argus lifted their price target on shares of Canadian Pacific Railway from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $191.19.

Canadian Pacific Railway (NYSE CP) traded down $1.55 during midday trading on Thursday, hitting $178.68. 485,067 shares of the company were exchanged, compared to its average volume of 521,000. 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 quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $26,127.44, a price-to-earnings ratio of 21.08, a PEG ratio of 1.72 and a beta of 1.20.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio is 18.62%.

Institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors acquired a new position in Canadian Pacific Railway in the 2nd quarter worth approximately $130,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Canadian Pacific Railway by 23.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock valued at $141,000 after buying an additional 167 shares during the period. Parallel Advisors LLC boosted its stake in shares of Canadian Pacific Railway by 13.0% during the 2nd quarter. Parallel Advisors LLC now owns 983 shares of the transportation company’s stock valued at $154,000 after buying an additional 113 shares during the period. Boston Private Wealth LLC acquired a new stake in shares of Canadian Pacific Railway during the 3rd quarter valued at $203,000. Finally, FineMark National Bank & Trust acquired a new stake in shares of Canadian Pacific Railway during the 3rd quarter valued at $208,000. 67.56% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “National Bank Financial Comments on Canadian Pacific Railway Limited’s Q2 2018 Earnings (CP)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/national-bank-financial-comments-on-canadian-pacific-railway-limiteds-q2-2018-earnings-cp/1767993.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.