Canadian Pacific Railway Limited (CP) Rating Reiterated by Citigroup Inc.

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP)‘s stock had its “buy” rating reiterated by investment analysts at Citigroup Inc. in a report released on Sunday, May 14th. They currently have a $180.00 price objective on the transportation company’s stock, up from their prior price objective of $165.00. Citigroup Inc.’s price target would suggest a potential upside of 14.96% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Loop Capital lowered their price target on shares of Canadian Pacific Railway Limited from $157.00 to $119.00 in a research report on Monday, April 24th. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Railway Limited in a research report on Monday, March 13th. They issued an “outperform” rating on the stock. Zacks Investment Research cut shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. Cowen and Company reissued an “outperform” rating and set a $172.00 price target (down previously from $173.00) on shares of Canadian Pacific Railway Limited in a research report on Sunday, April 23rd. Finally, Credit Suisse Group reissued an “outperform” rating and set a $168.00 price target (up previously from $162.00) on shares of Canadian Pacific Railway Limited in a research report on Monday, March 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $182.88.

Analyst Recommendations for Canadian Pacific Railway Limited (NYSE:CP)

Shares of Canadian Pacific Railway Limited (CP) traded up 1.22% during trading on Friday, reaching $156.57. 663,711 shares of the company were exchanged. The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 21.06 and a beta of 1.08. The stock’s 50 day moving average is $155.87 and its 200 day moving average is $150.64. Canadian Pacific Railway Limited has a 1-year low of $119.50 and a 1-year high of $160.45.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be issued a $0.412 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, June 28th. Canadian Pacific Railway Limited’s payout ratio is 19.63%.

COPYRIGHT VIOLATION WARNING: “Canadian Pacific Railway Limited (CP) Rating Reiterated by Citigroup Inc.” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.com-unik.info/2017/06/13/canadian-pacific-railway-limited-cp-rating-reiterated-by-citigroup-inc-updated-updated-updated.html.

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised 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 worth $134,000 after buying an additional 235 shares during the period. Edmond DE Rothschild Holding S.A. raised 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 worth $166,000 after buying an additional 35 shares during the period. Schafer Cullen Capital Management Inc. acquired a new position in shares of Canadian Pacific Railway Limited during the first quarter worth about $201,000. Tyers Asset Management LLC acquired a new position in shares of Canadian Pacific Railway Limited during the fourth quarter worth about $204,000. Finally, Private Advisor Group LLC acquired a new position in shares of Canadian Pacific Railway Limited during the fourth quarter worth about $207,000. Institutional investors and hedge funds own 69.51% 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.

What are top analysts saying about Canadian Pacific Railway Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Canadian Pacific Railway Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit