Canadian Pacific Railway Limited (CP) Earns Buy Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) in a research report released on Thursday. Stifel Nicolaus currently has a $184.00 price objective on the transportation company’s stock.

CP has been the subject of a number of other research reports. Morgan Stanley decreased their target price on shares of Canadian Pacific Railway Limited from $215.00 to $214.00 and set an overweight rating for the company in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Canadian Pacific Railway Limited from a buy rating to a hold rating in a research report on Monday, September 11th. 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. Royal Bank Of Canada reissued an outperform rating on shares of Canadian Pacific Railway Limited in a research report on Thursday, July 20th. Finally, Credit Suisse Group reissued an outperform rating and set a $178.00 target price (up previously from $171.00) on shares of Canadian Pacific Railway Limited in a research report on Sunday, May 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the company’s stock. Canadian Pacific Railway Limited currently has a consensus rating of Buy and an average target price of $188.35.

Canadian Pacific Railway Limited (CP) opened at 168.25 on Thursday. Canadian Pacific Railway Limited has a 1-year low of $139.29 and a 1-year high of $169.11. The company’s 50-day moving average is $155.72 and its 200 day moving average is $155.01. The company has a market cap of $24.58 billion, a price-to-earnings ratio of 18.35 and a beta of 1.09.

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The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be issued a $0.4411 dividend. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 28th. Canadian Pacific Railway Limited’s dividend payout ratio (DPR) is currently 19.88%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors bought a new position in shares of Canadian Pacific Railway Limited in the 2nd quarter worth $130,000. Parallel Advisors LLC lifted its stake in Canadian Pacific Railway Limited by 37.0% during 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. lifted its stake in Canadian Pacific Railway Limited by 23.6% during 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. bought a new position in Canadian Pacific Railway Limited during the 2nd quarter valued at $163,000. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in Canadian Pacific Railway Limited by 3.2% during 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. Institutional investors own 65.89% 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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