Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

Several other equities analysts also recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $184.00 target price on shares of Canadian Pacific Railway Limited in a research report on Wednesday, August 16th. Wolfe Research downgraded shares of Canadian Pacific Railway Limited from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Cowen and Company reissued a “buy” rating and set a $172.00 target price on shares of Canadian Pacific Railway Limited in a research report on Friday, July 28th. Morgan Stanley lowered their target price on shares of Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 25th. Finally, Argus reissued a “buy” rating and set a $180.00 target price (up from $165.00) on shares of Canadian Pacific Railway Limited in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $187.37.

Shares of Canadian Pacific Railway Limited (NYSE CP) opened at 151.30 on Thursday. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $167.52. The stock has a market cap of $22.10 billion, a P/E ratio of 17.24 and a beta of 1.09. The firm’s 50-day moving average price is $157.96 and its 200 day moving average price is $153.88.

Canadian Pacific Railway Limited declared that its board has initiated a stock buyback program on Wednesday, May 10th that allows the company to repurchase 4,380,000 shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new position in Canadian Pacific Railway Limited during the second quarter valued at about $130,000. Parallel Advisors LLC raised its position in Canadian Pacific Railway Limited by 37.0% in the first quarter. Parallel Advisors LLC now owns 870 shares of the transportation company’s stock valued at $134,000 after buying an additional 235 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Canadian Pacific Railway Limited by 23.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock valued at $141,000 after buying an additional 167 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in Canadian Pacific Railway Limited during the second quarter valued at about $163,000. Finally, 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 period. 70.46% of the stock is owned by hedge funds and other institutional investors.

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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