Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group AG in a research note issued to investors on Sunday. They presently have a $178.00 target price on the transportation company’s stock, up from their prior target price of $171.00. Credit Suisse Group AG’s price objective indicates a potential upside of 12.06% from the company’s previous close.

Several other research analysts have also recently issued reports on CP. Loop Capital decreased their price target on Canadian Pacific Railway Limited from $157.00 to $119.00 in a research note on Monday, April 24th. Wells Fargo & Co initiated coverage on Canadian Pacific Railway Limited in a research note on Monday, March 13th. They issued an “outperform” rating for the company. Zacks Investment Research cut Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, March 21st. Cowen and Company reissued an “outperform” rating and issued a $172.00 price target (down previously from $173.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, April 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $164.00 price target (down previously from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $182.88.

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

Canadian Pacific Railway Limited (NYSE:CP) traded down 0.30% during trading on Friday, reaching $158.85. 735,449 shares of the company were exchanged. The stock has a market capitalization of $23.30 billion, a PE ratio of 21.60 and a beta of 1.08. Canadian Pacific Railway Limited has a 52-week low of $119.50 and a 52-week high of $160.45. The firm’s 50 day moving average is $154.31 and its 200 day moving average is $149.69.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be issued a dividend of $0.412 per share. This represents a $1.65 annualized dividend and a dividend yield of 1.04%. 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 dividend payout ratio is currently 18.67%.

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Several large investors have recently made changes to their positions in CP. Baker Ellis Asset Management LLC bought a new stake in shares of Canadian Pacific Railway Limited during the third quarter valued at approximately $104,000. Advisory Services Network LLC bought a new stake in shares of Canadian Pacific Railway Limited during the second quarter valued at approximately $105,000. Parallel Advisors LLC increased 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 valued at $134,000 after buying an additional 235 shares in the last quarter. Zions Bancorporation increased its stake in shares of Canadian Pacific Railway Limited by 83.0% in the first quarter. Zions Bancorporation now owns 1,054 shares of the transportation company’s stock valued at $142,000 after buying an additional 478 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased 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 valued at $166,000 after buying an additional 35 shares in the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

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.

12 Month Chart for NYSE:CP

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