Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) – Investment analysts at Desjardins issued their Q1 2020 earnings per share estimates for shares of Canadian Pacific Railway in a research report issued to clients and investors on Wednesday, January 29th. Desjardins analyst B. Poirier anticipates that the transportation company will post earnings per share of $2.70 for the quarter. Desjardins also issued estimates for Canadian Pacific Railway’s Q2 2020 earnings at $3.56 EPS, Q3 2020 earnings at $3.78 EPS and Q4 2020 earnings at $3.88 EPS.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $4.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $1.22. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Canadian Pacific Railway had a net margin of 31.31% and a return on equity of 32.44%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.55 EPS.
Several other brokerages have also recently weighed in on CP. BMO Capital Markets boosted their price target on shares of Canadian Pacific Railway from $350.00 to $370.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America boosted their price target on shares of Canadian Pacific Railway from $294.00 to $299.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James reissued an “outperform” rating and set a $340.00 price target on shares of Canadian Pacific Railway in a research report on Thursday, October 24th. ValuEngine cut shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. Finally, Loop Capital cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $340.00 price target on the stock. in a research report on Tuesday, December 17th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. Canadian Pacific Railway has an average rating of “Buy” and an average price target of $296.16.
Shares of CP stock opened at $265.81 on Friday. The company’s 50-day moving average price is $258.28 and its 200-day moving average price is $238.90. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock has a market cap of $36.46 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.74 and a beta of 1.15. Canadian Pacific Railway has a twelve month low of $195.34 and a twelve month high of $269.83.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a $0.6292 dividend. The ex-dividend date is Thursday, March 26th. This represents a $2.52 dividend on an annualized basis and a yield of 0.95%. Canadian Pacific Railway’s payout ratio is currently 20.50%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Carmichael Hill & Associates Inc. acquired a new position in Canadian Pacific Railway in the fourth quarter valued at about $25,000. KCS Wealth Advisory acquired a new position in Canadian Pacific Railway in the third quarter valued at about $36,000. TCI Wealth Advisors Inc. acquired a new position in Canadian Pacific Railway in the fourth quarter valued at about $57,000. First Interstate Bank acquired a new position in Canadian Pacific Railway in the third quarter valued at about $67,000. Finally, Bartlett & Co. LLC lifted its position in Canadian Pacific Railway by 12.8% in the third quarter. Bartlett & Co. LLC now owns 389 shares of the transportation company’s stock valued at $87,000 after buying an additional 44 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.
Canadian Pacific Railway Company Profile
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.