Canadian Pacific Railway Limited (TSE:CP) Expected to Post FY2021 Earnings of $3.79 Per Share

Canadian Pacific Railway Limited (TSE:CP) (NYSE:CP) – Stock analysts at Desjardins reduced their FY2021 earnings estimates for Canadian Pacific Railway in a research report issued on Sunday, September 12th. Desjardins analyst B. Poirier now forecasts that the company will post earnings of $3.79 per share for the year, down from their prior forecast of $3.99. Desjardins also issued estimates for Canadian Pacific Railway’s FY2022 earnings at $4.36 EPS and FY2023 earnings at $4.83 EPS.

A number of other brokerages have also recently issued reports on CP. UBS Group upped their target price on Canadian Pacific Railway from C$98.00 to C$103.00 in a report on Friday, July 30th. National Bankshares decreased their price target on Canadian Pacific Railway from C$102.00 to C$98.00 in a research note on Wednesday, June 30th. Scotiabank increased their price target on Canadian Pacific Railway from C$96.00 to C$108.00 in a research note on Thursday, May 27th. Sanford C. Bernstein increased their price target on Canadian Pacific Railway from C$102.00 to C$105.00 and gave the company a “na” rating in a research note on Tuesday, August 3rd. Finally, National Bank Financial decreased their price target on Canadian Pacific Railway to C$98.00 and set a “na” rating for the company in a research note on Wednesday, June 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Railway has an average rating of “Buy” and a consensus price target of C$255.00.

Shares of CP opened at C$86.48 on Wednesday. Canadian Pacific Railway has a 12-month low of C$77.41 and a 12-month high of C$100.00. The business has a 50-day simple moving average of C$90.82 and a two-hundred day simple moving average of C$234.85. The company has a quick ratio of 0.59, a current ratio of 0.71 and a debt-to-equity ratio of 100.67. The stock has a market cap of C$57.67 billion and a PE ratio of 17.93.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 25th. Investors of record on Friday, September 24th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, September 23rd. This represents a $0.76 annualized dividend and a dividend yield of 0.88%. Canadian Pacific Railway’s payout ratio is 15.76%.

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.

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

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