Q2 2022 EPS Estimates for Canadian Pacific Railway Limited (NYSE:CP) Decreased by Analyst

Canadian Pacific Railway Limited (NYSE:CP – Get Rating) (TSE:CP) – Investment analysts at National Bank Financial dropped their Q2 2022 earnings estimates for shares of Canadian Pacific Railway in a report released on Wednesday, April 27th. National Bank Financial analyst C. Doerksen now anticipates that the transportation company will earn $0.59 per share for the quarter, down from their prior forecast of $0.70. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q3 2022 earnings at $0.70 EPS.

Several other equities analysts also recently commented on the company. Wells Fargo & Company increased their price target on Canadian Pacific Railway from $81.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, January 10th. Citigroup raised their price objective on shares of Canadian Pacific Railway from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, January 5th. Raymond James lowered their price objective on shares of Canadian Pacific Railway from C$105.00 to C$100.00 in a research note on Friday, April 22nd. UBS Group upgraded shares of Canadian Pacific Railway to a “positive” rating in a research note on Monday, January 3rd. Finally, Susquehanna raised their price objective on shares of Canadian Pacific Railway from $89.00 to $96.00 and gave the stock a “positive” rating in a research note on Thursday, April 7th. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $93.13.

Shares of CP stock opened at $75.57 on Friday. Canadian Pacific Railway has a 12 month low of $64.37 and a 12 month high of $84.22. The company has a quick ratio of 0.35, a current ratio of 0.43 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average is $76.74 and its two-hundred day moving average is $74.74. The company has a market cap of $70.27 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.37 and a beta of 0.93.

Canadian Pacific Railway (NYSE:CP – Get Rating) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 27th. The transportation company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. Canadian Pacific Railway had a return on equity of 17.05% and a net margin of 35.84%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Financial Counselors Inc. lifted its holdings in shares of Canadian Pacific Railway by 3.4% during the first quarter. Financial Counselors Inc. now owns 117,171 shares of the transportation company’s stock valued at $9,671,000 after acquiring an additional 3,905 shares during the period. Naples Global Advisors LLC bought a new position in shares of Canadian Pacific Railway during the first quarter valued at $225,000. Galibier Capital Management Ltd. increased its stake in shares of Canadian Pacific Railway by 2.0% in the first quarter. Galibier Capital Management Ltd. now owns 836,893 shares of the transportation company’s stock valued at $69,133,000 after buying an additional 16,011 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Canadian Pacific Railway by 143.9% in the first quarter. Parallel Advisors LLC now owns 22,857 shares of the transportation company’s stock valued at $1,910,000 after buying an additional 13,485 shares in the last quarter. Finally, TownSquare Capital LLC increased its stake in shares of Canadian Pacific Railway by 33.8% in the first quarter. TownSquare Capital LLC now owns 33,855 shares of the transportation company’s stock valued at $2,794,000 after buying an additional 8,554 shares in the last quarter. 79.49% of the stock is owned by institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 25th. Shareholders of record on Friday, June 24th will be issued a dividend of $0.152 per share. The ex-dividend date of this dividend is Thursday, June 23rd. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.80%. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 18.10%.

Canadian Pacific Railway Company Profile (Get Rating)

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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