Loop Capital upgraded shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) from a hold rating to a buy rating in a report published on Thursday morning, MarketBeat.com reports. The analysts noted that the move was a valuation call.

Several other equities analysts have also weighed in on CP. Citigroup Inc. reaffirmed a buy rating and set a $180.00 target price (up from $165.00) on shares of Canadian Pacific Railway Limited in a report on Sunday, May 14th. Credit Suisse Group reissued an outperform rating and issued a $178.00 price target (up previously from $171.00) on shares of Canadian Pacific Railway Limited in a report on Sunday, May 28th. BidaskClub lowered shares of Canadian Pacific Railway Limited from a hold rating to a sell rating in a report on Saturday, June 10th. Stifel Nicolaus boosted their price target on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a buy rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of Canadian Pacific Railway Limited from a hold rating to a buy rating and set a $181.00 price target for the company in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the stock. Canadian Pacific Railway Limited presently has an average rating of Buy and an average target price of $187.37.

Canadian Pacific Railway Limited (NYSE:CP) opened at 153.06 on Thursday. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $167.52. The firm has a 50-day moving average of $157.42 and a 200 day moving average of $153.91. The company has a market capitalization of $22.36 billion, a P/E ratio of 17.44 and a beta of 1.09.

TRADEMARK VIOLATION WARNING: This report was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/28/canadian-pacific-railway-limited-cp-upgraded-to-buy-by-loop-capital.html.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a dividend of $0.4411 per share. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.76 annualized dividend and a dividend yield of 1.15%. Canadian Pacific Railway Limited’s payout ratio is presently 19.88%.

Canadian Pacific Railway Limited declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 10th that permits the company to buyback 4,380,000 outstanding shares. This buyback authorization permits the transportation company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors purchased a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at $130,000. Parallel Advisors LLC boosted its position in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at $163,000. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of 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. 65.89% of the stock is currently 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)

Receive News & Stock Ratings for Canadian Pacific Railway Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Limited and related stocks with our FREE daily email newsletter.