Canadian Pacific Railway Limited (CP) Stock Rating Reaffirmed by Wells Fargo & Company

Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP)‘s stock had its “outperform” rating reissued by analysts at Wells Fargo & Company in a note issued to investors on Saturday, July 22nd. They presently have a $180.00 price target on the transportation company’s stock, up from their prior price target of $175.00. Wells Fargo & Company’s price objective points to a potential upside of 16.88% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Bank of America Corporation raised their price objective on shares of Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 20th. Credit Suisse Group reissued an “outperform” rating and set a $183.00 target price (up previously from $178.00) on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus lifted their target price on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $187.37.

Canadian Pacific Railway Limited (NYSE CP) opened at 154.00 on Friday. The firm’s 50 day moving average price is $159.58 and its 200-day moving average price is $153.83. The stock has a market cap of $22.50 billion, a price-to-earnings ratio of 17.34 and a beta of 1.09. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $167.52.

Canadian Pacific Railway Limited declared that its board has initiated a stock repurchase program on Wednesday, May 10th that authorizes the company to buyback 4,380,000 outstanding shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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Several hedge funds and other institutional investors have recently bought and sold shares of CP. Whittier Trust Co. increased its position in Canadian Pacific Railway Limited by 0.5% in the first quarter. Whittier Trust Co. now owns 2,855 shares of the transportation company’s stock valued at $419,000 after buying an additional 14 shares during the last quarter. MML Investors Services LLC increased its position in Canadian Pacific Railway Limited by 1.1% in the second quarter. MML Investors Services LLC now owns 2,870 shares of the transportation company’s stock valued at $462,000 after buying an additional 32 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its position in 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. Wetherby Asset Management Inc. increased its position in Canadian Pacific Railway Limited by 2.2% in the first quarter. Wetherby Asset Management Inc. now owns 2,142 shares of the transportation company’s stock valued at $315,000 after buying an additional 47 shares during the last quarter. Finally, Park National Corp OH increased its position in Canadian Pacific Railway Limited by 3.4% in the second quarter. Park National Corp OH now owns 1,897 shares of the transportation company’s stock valued at $305,000 after buying an additional 63 shares during the last quarter. Institutional investors own 70.54% 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.

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