Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a research report issued on Thursday.

CP has been the topic of a number of other research reports. Loop Capital reaffirmed a “buy” rating on shares of Canadian Pacific Railway Limited in a research report on Saturday, March 25th. Credit Suisse Group reaffirmed a “buy” rating and set a $171.00 price objective on shares of Canadian Pacific Railway Limited in a research report on Friday, April 7th. Barclays PLC reaffirmed an “overweight” rating and set a $174.00 price objective (down previously from $177.00) on shares of Canadian Pacific Railway Limited in a research report on Saturday, April 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $164.00 price objective (down previously from $165.00) on shares of Canadian Pacific Railway Limited in a research report on Saturday, April 22nd. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $172.00 price objective (down previously from $173.00) on shares of Canadian Pacific Railway Limited in a research report on Sunday, April 23rd. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $187.24.

Shares of Canadian Pacific Railway Limited (CP) opened at 161.69 on Thursday. The stock has a market capitalization of $23.72 billion, a P/E ratio of 20.58 and a beta of 1.11. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $167.52. The stock has a 50 day moving average price of $159.08 and a 200 day moving average price of $152.79.

Canadian Pacific Railway Limited announced that its board has approved a stock buyback program on Wednesday, May 10th that permits the company to repurchase 4,380,000 shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted 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 last quarter. Edmond DE Rothschild Holding S.A. boosted 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 last quarter. Schafer Cullen Capital Management Inc. purchased a new stake in Canadian Pacific Railway Limited during the first quarter valued at approximately $201,000. Atria Investments LLC bought a new position in shares of Canadian Pacific Railway Limited during the second quarter worth $221,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Canadian Pacific Railway Limited during the second quarter worth $241,000. 70.18% of the stock is owned by hedge funds and other institutional investors.

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.

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

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