Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP)‘s stock had its “outperform” rating reissued by equities researchers at Wells Fargo & Company in a report issued on Saturday, July 22nd. They presently have a $180.00 target price on the transportation company’s stock, up from their previous target price of $175.00. Wells Fargo & Company’s price objective suggests a potential upside of 18.34% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Loop Capital reduced their price target on Canadian Pacific Railway Limited from $157.00 to $119.00 in a research report on Monday, April 24th. Stifel Nicolaus upped their target price on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a “buy” rating in a research note on Tuesday, July 11th. BidaskClub upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Credit Suisse Group reiterated a “buy” rating and issued a $171.00 price target on shares of Canadian Pacific Railway Limited in a research note on Friday, April 7th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $180.00 price target (up from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 14th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $187.37.
Canadian Pacific Railway Limited (NYSE CP) traded up 0.07% during mid-day trading on Friday, reaching $152.11. The company’s stock had a trading volume of 906,733 shares. Canadian Pacific Railway Limited has a 1-year low of $139.29 and a 1-year high of $167.52. The firm has a 50-day moving average of $158.70 and a 200 day moving average of $153.83. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of 17.33 and a beta of 1.09.
Canadian Pacific Railway Limited declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 10th that permits the company to buyback 4,380,000 shares. This buyback authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
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A number of institutional investors have recently added to or reduced their stakes in CP. Captrust Financial Advisors bought a new position in Canadian Pacific Railway Limited during the second quarter worth about $130,000. Parallel Advisors LLC boosted its stake 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. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Canadian Pacific Railway Limited by 23.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock worth $141,000 after buying an additional 167 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of Canadian Pacific Railway Limited during the second quarter worth $163,000. Finally, Edmond DE Rothschild Holding S.A. boosted its stake 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. 70.46% of the stock is owned by institutional investors.
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.
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