Raymond James Analysts Raise Earnings Estimates for Canadian Pacific Railway Ltd (TSE:CP)

Canadian Pacific Railway Ltd (TSE:CP) (NYSE:CP) – Analysts at Raymond James boosted their FY2019 earnings per share (EPS) estimates for shares of Canadian Pacific Railway in a research report issued to clients and investors on Wednesday, July 17th. Raymond James analyst S. Hansen now anticipates that the company will earn $16.71 per share for the year, up from their prior forecast of $16.67. Raymond James currently has a “Outperform” rating and a $340.00 target price on the stock. Raymond James also issued estimates for Canadian Pacific Railway’s Q4 2019 earnings at $4.95 EPS and FY2020 earnings at $18.70 EPS.

A number of other equities research analysts have also weighed in on the stock. TD Securities dropped their price objective on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating on the stock in a report on Thursday. JPMorgan Chase & Co. raised shares of M.D.C. from an “underweight” rating to a “neutral” rating in a report on Monday, July 8th. CIBC dropped their price objective on shares of NFI Group from C$45.00 to C$41.00 in a report on Wednesday. National Bank Financial dropped their price objective on shares of NFI Group from C$43.00 to C$39.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets reissued a “hold” rating on shares of Snc-Lavalin Group in a report on Monday, July 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Canadian Pacific Railway has an average rating of “Buy” and a consensus price target of C$331.80.

Shares of TSE:CP opened at C$310.77 on Friday. The company has a market capitalization of $44.63 billion and a P/E ratio of 18.91. Canadian Pacific Railway has a 52 week low of C$228.35 and a 52 week high of C$323.71. The company has a quick ratio of 0.50, a current ratio of 0.67 and a debt-to-equity ratio of 124.55. The business has a 50 day simple moving average of C$310.34.

Canadian Pacific Railway (TSE:CP) (NYSE:CP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported C$2.79 EPS for the quarter, missing analysts’ consensus estimates of C$2.99 by C($0.20). The company had revenue of C$1.77 billion for the quarter, compared to the consensus estimate of C$1.76 billion.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, September 26th. Canadian Pacific Railway’s payout ratio is 20.20%.

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 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.

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

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