Canadian Pacific Railway Limited (TSE: CP) reports earnings of $ 4.74 per share for the second quarter of 2021, Desjardins Forecasts
Canadian Pacific Railway Limited (TSE: CP) (NYSE: CP) – Desjardins’ investment analysts released their 2nd quarter 2021 earnings estimates for shares in Canadian Pacific Railway in a research report for customers and investors on Thursday April 22nd , elevated. Desjardins analyst B. Poirier now expects the company to post earnings of $ 4.74 per share for the quarter, compared to its previous estimate of $ 4.71. Desjardins currently has a buy recommendation for the stock. Desjardins also released estimates for Canadian Pacific Railway’s third quarter 2021 earnings at $ 5.10 per share and fourth quarter 2021 earnings at $ 5.48 per share. The Canadian Pacific Railway (TSE: CP) (NYSE: CP) last released its quarterly results on Wednesday, January 27th. The company reported earnings of $ 5.06 per share for the quarter, beating the consensus estimate of $ 4.95 by $ 0.11. The company posted revenue of $ 2.01 billion for the quarter, compared to the consensus estimate of $ 2.08 billion.
Several other analysts recently rated the stock as well. TD Securities lowered its target price on shares of the Canadian Pacific Railway from C $ 540.00 to C $ 525.00 and issued a buy rating for the company in a research note on Thursday. National Bank Financial lowered its target price on shares of the Canadian Pacific Railway to CAD 511.00 and issued an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. raised its target price on shares of the Canadian Pacific Railway from C $ 495.00 to C $ 517.00 and gave the company a “na” rating in a research note on Thursday, April 8th. National Bankshares cut its target price on shares in the Canadian Pacific Railway from C $ 515.00 to C $ 511.00 and issued a research note on Thursday that gave the company an “outperform” rating. Finally, on Wednesday, Scotiabank lowered its target price on shares of the Canadian Pacific Railway from C $ 516.00 to C $ 480.00 in a research note. Two investment analysts have rated the stock with a hold rating and seven with a buy rating. The Canadian Pacific Railway has a consensus rating of “Buy” and an average price target of $ 489.58.
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Canadian Pacific Railway shares opened Friday at $ 458.96. The company has a quick rate of 0.37, a current rate of 0.50, and a leverage ratio of 137.75. The company has a market capitalization of $ 61.18 billion and a PE ratio of 25.54. The company has a fifty day simple moving average of $ 465.07 and a two hundred day simple moving average of $ 443.43. The Canadian Pacific Railway has a twelve month low of $ 302.33 and a twelve month high of $ 489.37.
The company recently announced a quarterly dividend, which will be paid on Monday, July 26th. A dividend of $ 0.95 will be paid to shareholders of record on Friday June 25th. The ex-dividend day of this dividend is Thursday June 24th. This equates to an annualized dividend of $ 3.80 and a yield of 0.83%. The Canadian Pacific Railway’s payout ratio (DPR) is currently 19.81%.
Profile of the Canadian Pacific Railway Company
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental rail freight company in Canada and the United States. The company transports bulk goods such as grain, coal, potash, fertilizers and sulfur. and cargo freight such as energy, chemicals and plastics, metals, minerals, and consumer, automotive and forestry products.
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