Seaport Global Securities Analysts Decrease Earnings Estimates for Canadian Pacific Railway Ltd (CP)

Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) – Equities research analysts at Seaport Global Securities lowered their Q1 2019 earnings per share estimates for shares of Canadian Pacific Railway in a research note issued to investors on Wednesday, March 27th, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin now expects that the transportation company will post earnings per share of $2.24 for the quarter, down from their prior estimate of $2.54. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Canadian Pacific Railway’s Q2 2019 earnings at $2.94 EPS, Q3 2019 earnings at $3.29 EPS and Q4 2019 earnings at $3.56 EPS.

Several other equities research analysts have also weighed in on the company. Desjardins lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Morgan Stanley reiterated a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, April 4th. Citigroup upped their price objective on Canadian Pacific Railway from $233.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. ValuEngine lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Macquarie restated a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, March 28th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Canadian Pacific Railway currently has an average rating of “Buy” and an average price target of $228.46.

Canadian Pacific Railway stock traded up $1.10 during trading hours on Thursday, hitting $216.25. The stock had a trading volume of 317,961 shares, compared to its average volume of 402,674. Canadian Pacific Railway has a fifty-two week low of $167.48 and a fifty-two week high of $224.19. The stock has a market cap of $30.24 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.23.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 23rd. The transportation company reported $4.55 EPS for the quarter, beating the consensus estimate of $3.18 by $1.37. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Canadian Pacific Railway had a return on equity of 30.83% and a net margin of 26.62%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.22 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 29th will be given a $0.4887 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.95 dividend on an annualized basis and a yield of 0.90%. Canadian Pacific Railway’s payout ratio is 17.41%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Bank acquired a new position in shares of Canadian Pacific Railway in the 4th quarter valued at $28,000. CWM LLC lifted its stake in shares of Canadian Pacific Railway by 186.2% in the 4th quarter. CWM LLC now owns 166 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 108 shares during the period. Van ECK Associates Corp acquired a new position in shares of Canadian Pacific Railway in the 4th quarter valued at $36,000. Capital Investment Advisory Services LLC acquired a new position in shares of Canadian Pacific Railway in the 4th quarter valued at $40,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Canadian Pacific Railway in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 68.69% of the company’s stock.

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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