Canadian Pacific Railway Ltd. (NYSE:CP) is scheduled to issue its Q316 quarterly earnings data on Wednesday, October 19th. Analysts expect the company to announce earnings of $2.21 per share and revenue of $1.26 billion for the quarter.
Canadian Pacific Railway (NYSE:CP) last released its quarterly earnings results on Wednesday, July 20th. The company reported $2.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.50 by $0.45. The firm earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Canadian Pacific Railway had a return on equity of 32.47% and a net margin of 23.36%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the business earned $2.45 earnings per share. On average, analysts expect Canadian Pacific Railway to post $8.01 EPS for the current fiscal year and $9.26 EPS for the next fiscal year.
Canadian Pacific Railway Ltd. (NYSE:CP) opened at 150.71 on Monday. The stock has a market capitalization of $22.27 billion, a P/E ratio of 20.39 and a beta of 1.32. The stock has a 50 day moving average price of $150.91 and a 200-day moving average price of $141.54. Canadian Pacific Railway Ltd. has a 1-year low of $97.09 and a 1-year high of $157.34.
A number of research firms have weighed in on CP. Cowen and Company upped their target price on Canadian Pacific Railway from $166.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, July 20th. Royal Bank Of Canada lowered their target price on Canadian Pacific Railway from $209.00 to $203.00 and set an “outperform” rating for the company in a report on Thursday, June 23rd. Desjardins upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating and lowered their target price for the stock from $204.00 to $195.00 in a report on Wednesday, June 22nd. Argus upped their target price on Canadian Pacific Railway from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Finally, TD Securities restated a “hold” rating and set a $185.00 target price (down previously from $195.00) on shares of Canadian Pacific Railway in a report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $177.89.
In other news, Director Pershing Square Capital Manage sold 9,840,890 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $141.68, for a total transaction of $1,394,257,295.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of CP. Jefferies Group LLC bought a new position in shares of Canadian Pacific Railway during the second quarter worth $284,000. Nuveen Fund Advisors LLC bought a new position in shares of Canadian Pacific Railway during the second quarter worth $431,000. Massachusetts Financial Services Co. MA raised its position in shares of Canadian Pacific Railway by 27.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,759,991 shares of the company’s stock worth $226,669,000 after buying an additional 383,279 shares in the last quarter. State of Tennessee Treasury Department raised its position in shares of Canadian Pacific Railway by 5.0% in the second quarter. State of Tennessee Treasury Department now owns 201,283 shares of the company’s stock worth $25,785,000 after buying an additional 9,543 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of Canadian Pacific Railway by 65.1% in the second quarter. 1832 Asset Management L.P. now owns 3,540,175 shares of the company’s stock worth $455,518,000 after buying an additional 1,395,706 shares in the last quarter. 68.21% of the stock is currently owned by hedge funds and other institutional investors.
About Canadian Pacific Railway
Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.
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