Canadian Pacific Railway Ltd. (NYSE:CP) was downgraded by research analysts at Raymond James Financial Inc. from a “strong-buy” rating to an “outperform” rating in a research note issued on Monday.

Other equities analysts have also recently issued reports about the stock. Vertical Research initiated coverage on shares of Canadian Pacific Railway in a research note on Tuesday, October 11th. They issued a “buy” rating for the company. Buckingham Research reissued a “buy” rating and issued a $157.00 target price (down from $165.00) on shares of Canadian Pacific Railway in a research note on Friday, July 1st. Royal Bank Of Canada decreased their target price on shares of Canadian Pacific Railway from $209.00 to $203.00 and set an “outperform” rating for the company in a research note on Thursday, June 23rd. Cowen and Company decreased their target price on shares of Canadian Pacific Railway from $168.00 to $166.00 and set an “outperform” rating for the company in a research note on Wednesday, June 22nd. Finally, Barclays PLC raised their target price on shares of Canadian Pacific Railway from $165.00 to $172.00 and gave the company an “overweight” rating in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $177.89.

Analyst Recommendations for Canadian Pacific Railway (NYSE:CP)

Canadian Pacific Railway (NYSE:CP) traded down 0.83% during trading on Monday, reaching $149.46. 127,129 shares of the company traded hands. The company’s 50-day moving average is $150.91 and its 200 day moving average is $141.54. Canadian Pacific Railway has a 12 month low of $97.09 and a 12 month high of $157.34. The company has a market cap of $22.09 billion, a PE ratio of 20.22 and a beta of 1.32.

Canadian Pacific Railway (NYSE:CP) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.50 by $0.45. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.57 billion. Canadian Pacific Railway had a return on equity of 32.47% and a net margin of 23.36%. Canadian Pacific Railway’s revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 earnings per share. On average, analysts anticipate 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 that occurred on Wednesday, August 3rd. The stock was sold at an average price of $141.68, for a total transaction of $1,394,257,295.20. The sale 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.

Several institutional investors have recently modified their holdings of CP. JPMorgan Chase & Co. raised its position in shares of Canadian Pacific Railway by 184.4% in the second quarter. JPMorgan Chase & Co. now owns 3,535,121 shares of the company’s stock worth $455,287,000 after buying an additional 2,292,240 shares during the last quarter. 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 during the last quarter. Cohen & Steers Inc. raised its position in shares of Canadian Pacific Railway by 886.7% in the second quarter. Cohen & Steers Inc. now owns 1,367,143 shares of the company’s stock worth $119,283,000 after buying an additional 1,228,581 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of Canadian Pacific Railway by 34.4% in the second quarter. Artisan Partners Limited Partnership now owns 3,771,402 shares of the company’s stock worth $485,719,000 after buying an additional 965,068 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Canadian Pacific Railway by 139.6% in the second quarter. CIBC Asset Management Inc now owns 1,316,244 shares of the company’s stock worth $168,797,000 after buying an additional 766,796 shares during the last quarter. 68.20% of the stock is currently owned by 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.

5 Day Chart for NYSE:CP

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