Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

CP has been the subject of a number of other research reports. Loop Capital dropped their target price on Canadian Pacific Railway Limited from $157.00 to $119.00 in a report on Monday, April 24th. Morgan Stanley dropped their target price on Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, July 25th. Bank of America Corporation lifted their target price on Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Wolfe Research cut Canadian Pacific Railway Limited from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Railway Limited in a report on Thursday, July 20th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $187.37.

Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at 152.00 on Wednesday. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $167.52. The firm has a 50-day moving average price of $158.93 and a 200 day moving average price of $153.83. The stock has a market cap of $22.20 billion, a price-to-earnings ratio of 17.12 and a beta of 1.09.

Canadian Pacific Railway Limited announced that its Board of Directors has authorized a stock buyback program on Wednesday, May 10th that permits the company to repurchase 4,380,000 shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

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Large investors have recently modified their holdings of the company. Whittier Trust Co. raised its position in Canadian Pacific Railway Limited by 0.5% in the first quarter. Whittier Trust Co. now owns 2,855 shares of the transportation company’s stock valued at $419,000 after buying an additional 14 shares during the last quarter. MML Investors Services LLC raised its position in Canadian Pacific Railway Limited by 1.1% in the second quarter. MML Investors Services LLC now owns 2,870 shares of the transportation company’s stock valued at $462,000 after buying an additional 32 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in Canadian Pacific Railway Limited by 3.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock valued at $166,000 after buying an additional 35 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Canadian Pacific Railway Limited by 2.2% in the first quarter. Wetherby Asset Management Inc. now owns 2,142 shares of the transportation company’s stock valued at $315,000 after buying an additional 47 shares during the last quarter. Finally, Park National Corp OH raised its position in Canadian Pacific Railway Limited by 3.4% in the second quarter. Park National Corp OH now owns 1,897 shares of the transportation company’s stock valued at $305,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 70.46% of the company’s stock.

Canadian Pacific Railway Limited 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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

Analyst Recommendations for Canadian Pacific Railway Limited (NYSE:CP)

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