Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) has been given a consensus recommendation of “Buy” by the twenty-four research firms that are presently covering the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $183.00.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Canadian Pacific Railway Limited from a “sell” rating to a “hold” rating in a research note on Friday, January 20th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $168.00 price objective (up from $162.00) on shares of Canadian Pacific Railway Limited in a research note on Monday, March 6th. Citigroup Inc reiterated a “buy” rating and issued a $180.00 price objective (up from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $164.00 price objective (down from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, April 22nd. Finally, Barclays PLC reiterated an “overweight” rating and issued a $174.00 price objective (down from $177.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, April 22nd.

Several hedge funds and other institutional investors have recently bought and sold shares of CP. Quantbot Technologies LP bought a new position in Canadian Pacific Railway Limited during the third quarter worth $1,866,000. Minneapolis Portfolio Management Group LLC increased its position in Canadian Pacific Railway Limited by 0.7% in the third quarter. Minneapolis Portfolio Management Group LLC now owns 81,968 shares of the transportation company’s stock worth $12,517,000 after buying an additional 609 shares during the period. TD Asset Management Inc. increased its position in Canadian Pacific Railway Limited by 1.0% in the third quarter. TD Asset Management Inc. now owns 2,905,302 shares of the transportation company’s stock worth $442,573,000 after buying an additional 28,219 shares during the period. Egerton Capital UK LLP bought a new position in Canadian Pacific Railway Limited during the third quarter worth $379,300,000. Finally, Sei Investments Co. increased its position in Canadian Pacific Railway Limited by 6.9% in the third quarter. Sei Investments Co. now owns 286,679 shares of the transportation company’s stock worth $43,776,000 after buying an additional 18,433 shares during the period. 69.01% of the stock is currently owned by institutional investors.

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Canadian Pacific Railway Limited (NYSE:CP) opened at 152.57 on Friday. Canadian Pacific Railway Limited has a 12 month low of $119.50 and a 12 month high of $160.45. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 20.74 and a beta of 1.08. The stock has a 50 day moving average price of $152.81 and a 200 day moving average price of $149.05.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a $0.412 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. Canadian Pacific Railway Limited’s dividend payout ratio is 18.67%.

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.

5 Day Chart for NYSE:CP

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