(TSE: CP) is the ticker symbol for Canadian Pacific Railway Limited (NYSE: CP) The investment analysts at National Bank Financial raised their projections for Canadian Pacific Railway’s profits per share in the third quarter of 2022 in a research note that was distributed to investors on Wednesday, September 21. The report contains this information as part of its entirety. C. Doerksen, an analyst at National Bank Financial, has increased his previous forecast of the company’s quarterly profits per share from $0.92 to $0.95. He made this adjustment because he believes the company will perform better than he anticipated. The current consensus estimate places the full-year earnings prediction for Canadian Pacific Railway at $4.52 per share, which is the amount that is expected to be achieved in the coming year. According to projections provided by National Bank Financial, Canadian Pacific Railway is anticipated to earn $0.94 per share in the first quarter of 2023; $1.14 per share in the second quarter; $1.25 per share in the third quarter; and $5.24 per share for the entire year 2024. These earnings are expected to be distributed among the company’s shareholders.
In recent times, several other brokerages have also produced research on CP. CP has been the subject of this research. On Tuesday, June 28th, Atlantic Securities decreased their price objective on shares of Canadian Pacific Railway from C$111.00 to C$106.00 while maintaining their “overweight” rating on the stock. On Friday, July 29, the Canadian Imperial Bank of Commerce (CIBC) released a research note in which they increased their price objective on Canadian Pacific Railway from C$106.00 to C$110.00 and rated the company as an “outperform.” In a research note published on Tuesday, July 12, Evercore ISI reaffirmed their “outperform” rating on shares of Canadian Pacific Railway while simultaneously establishing a price objective of C$102.00 for the company in a research note. The price target that National Bankshares has set for Canadian Pacific Railway stock has been raised from C$98.00 to C$105.00, and the raise was announced in a research note published on Thursday.
Last but not least, in a research note published on Thursday, July 7th, Scotiabank lowered its price objective for shares of Canadian Pacific Railway from C$105.00 to C$99.00 and downgraded the stock from an “outperform” rating to a “hold” rating. Eleven research analysts have assigned a buy rating to the company, whereas there are only six research analysts who have assigned a hold rating to the stock. The information that Bloomberg provided indicates that the company is currently rated as having a consensus rating of “Moderate Buy,” and that the average price target is C$99.73.
The price of a share of TSE CP was 95.97 Canadian dollars when the market opened on Friday. The debt-to-equity ratio is calculated to be 57.45, the quick ratio is calculated to be 0.35, and the current ratio is calculated to be 0.50. The stock’s moving averages for the past 50 and 200 days are currently at $100.21 and $96.23, respectively. The stock is currently trading at $100.21. The stock price of Canadian Pacific Railway reached a low of $82.22 during the previous 52 weeks, while it reached a high of $106.93 during the same period. The company has a price-to-earnings ratio of 33.44, which is one of the factors that contributed to its current market value of $89.24 billion.
On Thursday, July 28th, the results of the most recent quarterly financial report for Canadian Pacific Railway (TSE:CP) (NYSE:CP) were made public. The company announced earnings per share (EPS) for the quarter of $0.95, which is $0.07 higher than the estimate made by market analysts, who had predicted earnings per share of $0.88. In addition, the results of the company’s sales for the quarter came in at C$2.20 billion, which is significantly higher than the consensus forecast of C$2.16 billion for the quarter’s sales.
In addition, the corporation has just announced a quarterly dividend, which will be disbursed on Monday, October 31. This dividend was just recently declared. On Monday, October 2nd, shareholders of record on Friday, September 30th will receive a dividend payment of $0.19 per share. The day that the dividend will be withheld from shareholder accounts is the following Thursday, September 29. Because of this, the dividend payout will be $0.76 per year, and the yield will be 0.79 percent. At this time, Canadian Pacific Railway’s dividend payout ratio (also known as DPR) stands at 26.48%.
Additionally, on August 3rd, Senior Officer James Dominic Luther Clements sold 26,235 shares of the company’s stock. The total transaction volume was 2,611,452.89 Canadian dollars worth of the company’s stock, with the average price per share being $99.54 Canadian dollars. Additionally, on August 3rd, Senior Officer James Dominic Luther Clements sold 26,235 shares of the company’s stock. The total transaction volume was 2,611,452.89 Canadian dollars worth of the company’s stock, with the average price per share being $99.54 Canadian dollars. Additionally, on August 1st, Senior Officer Mark Ashley Redd sold 50,820 shares of the company’s stock, bringing the total number of shares sold to 50,820. The cost per share was determined to be 99.80 Canadian dollars on average, resulting in the transaction’s total value being 5,071,748.18 Canadian dollars. The company’s insider is now the owner of 15,978 shares of the company, which together have a market value of $1,594,576.79 thanks to the transaction that just took place. During the most recent fiscal period, corporate insiders sold 79,425 company stock shares, bringing in a total of $7,925,898.