Seaport Global Securities Weighs in on Canadian Pacific Railway’s Q2 2018 Earnings (CP)

Canadian Pacific Railway (TSE:CP) (NYSE:CP) – Stock analysts at Seaport Global Securities lowered their Q2 2018 EPS estimates for Canadian Pacific Railway in a research report issued on Thursday, April 19th. Seaport Global Securities analyst M. Levin now expects that the company will earn $3.15 per share for the quarter, down from their previous estimate of $3.17. Seaport Global Securities also issued estimates for Canadian Pacific Railway’s Q4 2018 earnings at $3.65 EPS.

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A number of other brokerages also recently issued reports on CP. BMO Capital Markets set a C$254.00 price target on Canadian Pacific Railway and gave the company an “outperform” rating in a report on Friday, January 19th. UBS lowered their price target on Canadian Pacific Railway from C$270.00 to C$266.00 in a report on Friday, January 19th. National Bank Financial upped their price target on Canadian Pacific Railway from C$248.00 to C$250.00 and gave the company a “sector perform” rating in a report on Tuesday, March 20th. JPMorgan Chase upped their price target on Canadian Pacific Railway from C$272.00 to C$276.00 in a report on Thursday, January 11th. Finally, Royal Bank of Canada upped their price target on Canadian Pacific Railway from C$256.00 to C$258.00 and gave the company an “outperform” rating in a report on Thursday, April 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of C$255.42.

Shares of TSE:CP opened at C$227.40 on Monday. Canadian Pacific Railway has a 1 year low of C$189.57 and a 1 year high of C$240.40.

In other news, insider James Dominic Luther Clements sold 1,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of C$230.21, for a total value of C$230,210.00.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 23rd will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, March 22nd.

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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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

Earnings History and Estimates for Canadian Pacific Railway (TSE:CP)

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