Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Investment analysts at Seaport Global Securities dropped their FY2017 earnings estimates for shares of Canadian Pacific Railway in a research note issued to investors on Friday. Seaport Global Securities analyst M. Levin now anticipates that the company will post earnings per share of $11.35 for the year, down from their previous forecast of $11.42. Seaport Global Securities also issued estimates for Canadian Pacific Railway’s Q4 2017 earnings at $3.18 EPS.
CP has been the subject of a number of other reports. TD Securities increased their target price on Canadian Pacific Railway from C$220.00 to C$225.00 in a report on Wednesday, October 18th. BMO Capital Markets reissued an “outperform” rating and issued a C$238.00 target price on shares of Canadian Pacific Railway in a report on Wednesday, October 18th. Desjardins increased their target price on Canadian Pacific Railway from C$230.00 to C$254.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. J P Morgan Chase & Co increased their target price on Canadian Pacific Railway from C$262.00 to C$265.00 in a report on Wednesday, October 18th. Finally, CIBC increased their target price on Canadian Pacific Railway from C$222.00 to C$233.00 in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Canadian Pacific Railway has a consensus rating of “Buy” and a consensus target price of C$232.58.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be given a $0.5625 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.25 dividend on an annualized basis and a yield of 0.98%. Canadian Pacific Railway’s payout ratio is 17.28%.
In other Canadian Pacific Railway news, insider John Kenneth Brooks sold 600 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$229.35, for a total value 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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