Canadian Pacific Railway Limited (NYSE:CP) Downgraded by National Bank Financial to Sector Perform

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday, September 13th, MarketBeat.com reports. They presently have a $207.00 price objective on the transportation company’s stock, down from their prior price objective of $219.00. National Bank Financial’s target price would indicate a potential upside of 23.03% from the company’s previous close. 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 equities research analysts have also recently commented on CP. Credit Suisse Group reiterated an “outperform” rating and issued a $178.00 target price (up from $171.00) on shares of Canadian Pacific Railway Limited in a research report on Sunday, May 28th. BidaskClub cut shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Stifel Nicolaus lifted their price target on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded 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 research report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Railway Limited in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $188.35.

Canadian Pacific Railway Limited (NYSE:CP) opened at 168.25 on Wednesday. The stock has a market cap of $24.58 billion, a P/E ratio of 18.35 and a beta of 1.09. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $169.11. The stock has a 50 day moving average price of $155.72 and a 200-day moving average price of $155.01.

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A number of large investors have recently added to or reduced their stakes in the business. MML Investors Services LLC lifted its holdings in Canadian Pacific Railway Limited by 1.1% in the 2nd quarter. MML Investors Services LLC now owns 2,870 shares of the transportation company’s stock valued at $462,000 after purchasing an additional 32 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in 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 purchasing an additional 35 shares in the last quarter. Park National Corp OH lifted its holdings in Canadian Pacific Railway Limited by 3.4% in the 2nd quarter. Park National Corp OH now owns 1,897 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 63 shares in the last quarter. Blair William & Co. IL lifted its holdings in Canadian Pacific Railway Limited by 0.6% in the 2nd quarter. Blair William & Co. IL now owns 15,366 shares of the transportation company’s stock valued at $2,471,000 after purchasing an additional 85 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its holdings in Canadian Pacific Railway Limited by 0.8% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 13,077 shares of the transportation company’s stock valued at $2,104,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 65.89% of the company’s stock.

About Canadian Pacific Railway Limited

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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