Desjardins Analysts Lower Earnings Estimates for Canadian Pacific Railway Limited (TSE:CP)

Canadian Pacific Railway Limited (TSE:CP – Get Rating) (NYSE:CP) – Analysts at Desjardins cut their FY2022 earnings estimates for Canadian Pacific Railway in a note issued to investors on Thursday, July 28th. Desjardins analyst B. Poirier now expects that the company will post earnings of $3.65 per share for the year, down from their previous forecast of $3.66. The consensus estimate for Canadian Pacific Railway’s current full-year earnings is $4.46 per share. Desjardins also issued estimates for Canadian Pacific Railway’s FY2024 earnings at $5.71 EPS and FY2025 earnings at $6.62 EPS.

Several other equities analysts also recently commented on CP. Evercore ISI restated an “outperform” rating and issued a C$102.00 price target on shares of Canadian Pacific Railway in a research note on Tuesday, July 12th. National Bankshares boosted their price target on shares of Canadian Pacific Railway from C$93.00 to C$98.00 and gave the stock a “sector perform” rating in a research note on Friday. Bank of America restated a “hold” rating and issued a C$81.00 price target (down previously from C$85.00) on shares of Canadian Pacific Railway in a research note on Friday, April 8th. Atlantic Securities dropped their price target on shares of Canadian Pacific Railway from C$111.00 to C$106.00 and set an “overweight” rating for the company in a research note on Tuesday, June 28th. Finally, Scotiabank downgraded shares of Canadian Pacific Railway from an “outperform” rating to a “hold” rating and lowered their target price for the stock from C$105.00 to C$99.00 in a research note on Thursday, July 7th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$99.63.

Canadian Pacific Railway Stock Performance

TSE:CP opened at C$100.97 on Monday. The company has a fifty day simple moving average of C$92.13 and a two-hundred day simple moving average of C$93.88. The company has a market cap of C$93.89 billion and a price-to-earnings ratio of 25.82. The company has a quick ratio of 0.28, a current ratio of 0.44 and a debt-to-equity ratio of 58.68. Canadian Pacific Railway has a 52 week low of C$82.12 and a 52 week high of C$105.46.

Canadian Pacific Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, September 30th will be given a $0.19 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 19.44%.

About Canadian Pacific Railway

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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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