Raymond James Comments on Canadian Pacific Railway Limited’s Q1 2023 Earnings (TSE:CP)

Canadian Pacific Railway Limited (TSE:CP – Get Rating) (NYSE:CP) – Analysts at Raymond James issued their Q1 2023 EPS estimates for Canadian Pacific Railway in a note issued to investors on Tuesday, January 24th. Raymond James analyst S. Hansen anticipates that the company will post earnings per share of $0.96 for the quarter. The consensus estimate for Canadian Pacific Railway’s current full-year earnings is $4.54 per share. Raymond James also issued estimates for Canadian Pacific Railway’s Q2 2023 earnings at $1.10 EPS, Q3 2023 earnings at $1.18 EPS, Q4 2023 earnings at $1.21 EPS and FY2024 earnings at $5.23 EPS.

Canadian Pacific Railway (TSE:CP – Get Rating) (NYSE:CP) last posted its quarterly earnings results on Wednesday, October 26th. The company reported C$1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.99 by C$0.02. The firm had revenue of C$2.31 billion for the quarter, compared to analyst estimates of C$2.27 billion.

Other equities research analysts have also issued reports about the company. UBS Group upped their price target on Canadian Pacific Railway from C$111.00 to C$117.00 in a research report on Thursday, October 27th. Atb Cap Markets reaffirmed an “outperform” rating on shares of Canadian Pacific Railway in a research report on Tuesday, December 20th. Scotiabank increased their target price on Canadian Pacific Railway from C$102.00 to C$110.00 in a research report on Monday. CIBC dropped their target price on Canadian Pacific Railway from C$130.00 to C$128.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 18th. Finally, Barclays increased their target price on Canadian Pacific Railway from C$105.00 to C$110.00 in a research report on Thursday, October 27th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Railway presently has an average rating of “Moderate Buy” and a consensus price target of C$106.46.

Canadian Pacific Railway Stock Performance

CP stock opened at C$106.94 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 55.15. The firm has a market cap of C$99.47 billion and a P/E ratio of 34.17. Canadian Pacific Railway has a 12-month low of C$86.12 and a 12-month high of C$111.43. The stock’s 50 day simple moving average is C$105.35 and its 200 day simple moving average is C$101.12.

Canadian Pacific Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Monday, January 30th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $3.60 annualized dividend and a yield of 3.37%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.19. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 24.28%.

Insider Activity at Canadian Pacific Railway

In related news, Senior Officer Keith E. Creel sold 1,629 shares of the firm’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of C$103.57, for a total transaction of C$168,713.25. Following the completion of the transaction, the insider now owns 72,960 shares of the company’s stock, valued at C$7,556,365.06. In related news, Senior Officer John Kenneth Brooks sold 6,000 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of C$107.16, for a total value of C$642,972.47. Also, Senior Officer Keith E. Creel sold 1,629 shares of the stock in a transaction on Tuesday, January 10th. The shares were sold at an average price of C$103.57, for a total value of C$168,713.25. Following the completion of the transaction, the insider now owns 72,960 shares of the company’s stock, valued at approximately C$7,556,365.06. Insiders sold 12,517 shares of company stock valued at $1,324,825 over the last 90 days.

Canadian Pacific Railway Company Profile

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Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.