Canadian Pacific Railway Limited (CP) Downgraded to “Sector Perform” at National Bank Financial

National Bank Financial cut shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) from an outperform rating to a sector perform rating in a report published on Wednesday morning, MarketBeat Ratings reports. National Bank Financial currently has $207.00 price objective on the transportation company’s stock, down from their previous price objective of $219.00. National Bank Financial also issued estimates for Canadian Pacific Railway Limited’s Q3 2017 earnings at $2.31 EPS, Q4 2017 earnings at $2.50 EPS, FY2017 earnings at $9.13 EPS, Q1 2018 earnings at $2.28 EPS, Q2 2018 earnings at $2.42 EPS, Q3 2018 earnings at $2.50 EPS, Q4 2018 earnings at $2.79 EPS and FY2018 earnings at $9.99 EPS.

A number of other research analysts also recently issued reports on the company. Wells Fargo & Company restated an outperform rating and issued a $180.00 price objective (up previously from $175.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, July 22nd. BidaskClub upgraded Canadian Pacific Railway Limited from a hold rating to a buy rating in a research note on Saturday, July 1st. Morgan Stanley reduced their price objective on Canadian Pacific Railway Limited from $215.00 to $214.00 and set an overweight rating for the company in a research note on Tuesday, July 25th. Credit Suisse Group restated an outperform rating and issued a $178.00 price objective (up previously from $171.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 28th. Finally, Royal Bank Of Canada restated an outperform rating on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $188.35.

Shares of Canadian Pacific Railway Limited (CP) opened at 158.79 on Wednesday. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $167.52. The firm’s 50-day moving average price is $155.48 and its 200 day moving average price is $154.72. The firm has a market cap of $23.20 billion, a P/E ratio of 18.07 and a beta of 1.09.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be issued 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 dividend on an annualized basis and a yield of 1.11%. Canadian Pacific Railway Limited’s dividend payout ratio is 19.88%.

Large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors purchased a new stake in shares of Canadian Pacific Railway Limited in the 2nd quarter valued at about $130,000. Parallel Advisors LLC raised its holdings in shares of Canadian Pacific Railway Limited by 37.0% in the 1st quarter. Parallel Advisors LLC now owns 870 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 235 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Canadian Pacific Railway Limited by 23.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 167 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Canadian Pacific Railway Limited in the 2nd quarter valued at about $163,000. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in shares of Canadian Pacific Railway Limited by 3.2% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock valued at $166,000 after acquiring an additional 35 shares in 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)

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