Vertical Research began coverage on shares of Canadian Pacific Railway Ltd. (NYSE:CP) in a report released on Tuesday. The brokerage issued a buy rating on the stock.

A number of other equities research analysts also recently issued reports on CP. RBC Capital Markets reiterated an outperform rating and issued a $216.00 price objective (up previously from $203.00) on shares of Canadian Pacific Railway in a research report on Friday, July 22nd. Argus raised their price target on Canadian Pacific Railway from $155.00 to $165.00 and gave the company a buy rating in a research report on Monday, July 25th. Atlantic Securities began coverage on Canadian Pacific Railway in a research report on Thursday, August 11th. They set an overweight rating on the stock. Cowen and Company lowered their price target on Canadian Pacific Railway from $168.00 to $166.00 and set an outperform rating on the stock in a research report on Wednesday, June 22nd. Finally, Royal Bank Of Canada lowered their price target on Canadian Pacific Railway from $209.00 to $203.00 and set an outperform rating on the stock in a research report on Thursday, June 23rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $177.89.

Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

Shares of Canadian Pacific Railway (NYSE:CP) traded down 0.98% on Tuesday, hitting $150.95. The stock had a trading volume of 159,267 shares. Canadian Pacific Railway has a 1-year low of $97.09 and a 1-year high of $157.34. The firm has a market capitalization of $22.31 billion, a price-to-earnings ratio of 20.42 and a beta of 1.32. The firm has a 50 day moving average of $151.00 and a 200-day moving average of $141.23.

Canadian Pacific Railway (NYSE:CP) last issued its quarterly earnings data 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. Canadian Pacific Railway had a return on equity of 32.47% and a net margin of 23.36%. The business earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the business posted $2.45 EPS. The company’s quarterly revenue was down 12.2% on a year-over-year basis. Equities analysts predict that Canadian Pacific Railway will post $8.01 earnings per share for the current year.

In other news, Director Pershing Square Capital Manage sold 9,840,890 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

A number of institutional investors have recently modified their holdings of CP. Capital Fund Management S.A. increased its position in shares of Canadian Pacific Railway by 217.4% in the second quarter. Capital Fund Management S.A. now owns 324,039 shares of the company’s stock valued at $41,733,000 after buying an additional 221,961 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Canadian Pacific Railway by 529.4% in the first quarter. Canada Pension Plan Investment Board now owns 21,462 shares of the company’s stock valued at $2,863,000 after buying an additional 18,052 shares during the last quarter. Legal & General Group Plc increased its position in shares of Canadian Pacific Railway by 1.6% in the first quarter. Legal & General Group Plc now owns 566,482 shares of the company’s stock valued at $75,567,000 after buying an additional 8,753 shares during the last quarter. Seven Eight Capital LLC purchased a new position in shares of Canadian Pacific Railway during the first quarter valued at approximately $345,000. Finally, Creative Planning increased its position in shares of Canadian Pacific Railway by 0.3% in the second quarter. Creative Planning now owns 32,207 shares of the company’s stock valued at $4,148,000 after buying an additional 89 shares during the last quarter. Institutional investors own 68.21% of the company’s stock.

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.

5 Day Chart for NYSE:CP

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