Cormark Weighs in on Canadian Pacific Railway Limited’s Q1 2017 Earnings (CP)

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Equities research analysts at Cormark lowered their Q1 2017 EPS estimates for Canadian Pacific Railway Limited in a report issued on Tuesday, Zacks Investment Research reports. Cormark analyst D. Tyerman now forecasts that the transportation company will post earnings of $1.84 per share for the quarter, down from their previous forecast of $1.99. Cormark also issued estimates for Canadian Pacific Railway Limited’s Q2 2017 earnings at $1.98 EPS, Q3 2017 earnings at $2.38 EPS, Q4 2017 earnings at $2.40 EPS and FY2017 earnings at $8.59 EPS.

Several other equities research analysts have also commented on the stock. Loop Capital lowered shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating and reduced their price target for the company from $157.34 to $119.50 in a report on Friday. They noted that the move was a valuation call. Credit Suisse Group AG restated a “buy” rating and issued a $171.00 price target on shares of Canadian Pacific Railway Limited in a report on Friday, April 7th. Zacks Investment Research downgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Wells Fargo & Co started coverage on shares of Canadian Pacific Railway Limited in a research report on Monday, March 13th. They issued an “outperform” rating on the stock. Finally, Cowen and Company boosted their target price on shares of Canadian Pacific Railway Limited from $164.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, January 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $182.26.

Earnings History and Estimates for Canadian Pacific Railway Limited (NYSE:CP)

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Shares of Canadian Pacific Railway Limited (NYSE:CP) traded down 0.47% during trading on Thursday, hitting $153.06. 775,519 shares of the stock traded hands. The firm’s 50-day moving average price is $148.48 and its 200-day moving average price is $148.34. The stock has a market cap of $22.40 billion, a PE ratio of 19.32 and a beta of 1.08. Canadian Pacific Railway Limited has a 12 month low of $119.50 and a 12 month high of $157.34.

Several large investors have recently added to or reduced their stakes in the company. Ngam Advisors L.P. boosted its position in shares of Canadian Pacific Railway Limited by 16.2% in the third quarter. Ngam Advisors L.P. now owns 48,028 shares of the transportation company’s stock valued at $7,334,000 after buying an additional 6,693 shares in the last quarter. OZ Management LP bought a new position in shares of Canadian Pacific Railway Limited during the third quarter valued at about $78,135,000. Rikoon Group LLC bought a new position in shares of Canadian Pacific Railway Limited during the third quarter valued at about $1,119,000. Envestnet Asset Management Inc. boosted its position in shares of Canadian Pacific Railway Limited by 4.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 23,464 shares of the transportation company’s stock valued at $3,348,000 after buying an additional 1,067 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC boosted its position in shares of Canadian Pacific Railway Limited by 30.7% in the third quarter. Alpine Woods Capital Investors LLC now owns 97,800 shares of the transportation company’s stock valued at $14,934,000 after buying an additional 23,000 shares in the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

In other news, VP Mark Kenneth Wallace sold 577 shares of the company’s stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $154.36, for a total transaction of $89,065.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 12,567 shares of company stock valued at $1,898,600 in the last ninety days. Insiders own 0.13% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Shareholders of record on Friday, March 31st will be given a dividend of $0.3803 per share. The ex-dividend date is Wednesday, March 29th. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. This represents a $1.52 dividend on an annualized basis and a yield of 0.99%. Canadian Pacific Railway Limited’s dividend payout ratio is currently 18.67%.

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.

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