Canadian Pacific Railway Limited (CP) Upgraded at BidaskClub
Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
CP has been the topic of a number of other reports. Credit Suisse Group reissued an “outperform” rating and set a $168.00 price target (up from $162.00) on shares of Canadian Pacific Railway Limited in a report on Monday, March 6th. Loop Capital reaffirmed a “buy” rating on shares of Canadian Pacific Railway Limited in a report on Saturday, March 25th. Zacks Investment Research lowered Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a report on Tuesday, March 21st. Citigroup Inc. reaffirmed a “buy” rating and set a $180.00 target price (up from $165.00) on shares of Canadian Pacific Railway Limited in a report on Sunday, May 14th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $164.00 target price (down from $165.00) on shares of Canadian Pacific Railway Limited in a report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $182.88.
Canadian Pacific Railway Limited (CP) traded down 1.05% during trading on Tuesday, hitting $154.30. 421,691 shares of the stock were exchanged. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 20.50 and a beta of 1.08. Canadian Pacific Railway Limited has a one year low of $119.50 and a one year high of $160.45. The stock’s 50 day moving average is $156.02 and its 200-day moving average is $150.76.
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 dividend of $0.412 per share. This represents a $1.65 annualized dividend and a dividend yield of 1.07%. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, June 28th. Canadian Pacific Railway Limited’s payout ratio is currently 19.63%.
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Several large investors have recently made changes to their positions in CP. Parallel Advisors LLC raised its stake in 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 during the period. Edmond DE Rothschild Holding S.A. raised its stake 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 period. Schafer Cullen Capital Management Inc. bought a new stake in Canadian Pacific Railway Limited during the first quarter valued at $201,000. Tyers Asset Management LLC bought a new stake in Canadian Pacific Railway Limited during the fourth quarter valued at $204,000. Finally, Private Advisor Group LLC bought a new stake in Canadian Pacific Railway Limited during the fourth quarter valued at $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.
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