Zacks Research Analysts Boost Earnings Estimates for Canadian Pacific Railway Limited (TSE:CP)

Canadian Pacific Railway Limited (TSE:CP – Get Rating) (NYSE:CP) – Analysts at Zacks Research lifted their Q1 2024 earnings per share estimates for Canadian Pacific Railway in a research report issued to clients and investors on Monday, March 13th. Zacks Research analyst M. Basu now forecasts that the company will post earnings of $1.11 per share for the quarter, up from their prior estimate of $1.08. The consensus estimate for Canadian Pacific Railway’s current full-year earnings is $4.31 per share.

Other analysts have also recently issued reports about the company. Atb Cap Markets restated an “outperform” rating on shares of Canadian Pacific Railway in a research report on Tuesday, December 20th. CIBC lowered their price objective on Canadian Pacific Railway from C$128.00 to C$125.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 1st. Scotiabank boosted their price target on Canadian Pacific Railway from C$116.00 to C$122.00 in a research note on Thursday. Berenberg Bank boosted their price target on Canadian Pacific Railway from C$99.00 to C$110.00 in a research note on Tuesday, January 24th. Finally, Barclays boosted their price target on Canadian Pacific Railway from C$115.00 to C$120.00 in a research note on Tuesday, February 7th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Railway currently has a consensus rating of “Moderate Buy” and a consensus price target of C$107.50.

Canadian Pacific Railway Stock Performance

CP opened at C$109.30 on Thursday. The stock has a market cap of C$101.73 billion, a PE ratio of 29.38, a P/E/G ratio of 2.48 and a beta of 0.84. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 51.23. Canadian Pacific Railway has a 1 year low of C$86.42 and a 1 year high of C$111.43. The stock’s 50 day simple moving average is C$104.65 and its 200-day simple moving average is C$102.27.

Canadian Pacific Railway (TSE:CP – Get Rating) (NYSE:CP) last released its quarterly earnings data on Tuesday, January 31st. The company reported C$1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.04. The business had revenue of C$2.46 billion for the quarter, compared to analysts’ expectations of C$2.45 billion. Canadian Pacific Railway had a return on equity of 9.67% and a net margin of 39.90%.

Insiders Place Their Bets

In other Canadian Pacific Railway news, Senior Officer Keith E. Creel sold 1,629 shares of the business’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of C$103.57, for a total value of C$168,713.25. Following the transaction, the insider now owns 72,960 shares of the company’s stock, valued at C$7,556,365.06. Insiders own 0.02% of the company’s stock.

Canadian Pacific Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Shareholders of record on Friday, March 31st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, March 30th. Canadian Pacific Railway’s dividend payout ratio is currently 20.43%.

Canadian Pacific Railway Company Profile

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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.