Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP)‘s stock had its “outperform” rating reiterated by analysts at Wells Fargo & Company in a note issued to investors on Saturday. They currently have a $180.00 price target on the transportation company’s stock, up from their prior price target of $175.00. Wells Fargo & Company’s price objective would indicate a potential upside of 11.00% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $171.00 price objective on shares of Canadian Pacific Railway Limited in a research report on Friday, April 7th. Stifel Nicolaus boosted their target price on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, July 11th. Citigroup Inc. reiterated a “buy” rating and set a $180.00 target price (up from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 14th. BidaskClub upgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research upgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 target price for the company in a research note on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $187.16.

Shares of Canadian Pacific Railway Limited (NYSE:CP) traded down 0.14% during midday trading on Friday, hitting $162.16. The company had a trading volume of 567,472 shares. The company has a market capitalization of $23.79 billion, a P/E ratio of 20.64 and a beta of 1.11. The firm’s 50 day moving average is $159.20 and its 200 day moving average is $152.86. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $167.52.

Canadian Pacific Railway Limited declared that its board has authorized a share repurchase plan on Wednesday, May 10th that permits the company to repurchase 4,380,000 shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CP. Whittier Trust Co. boosted its stake in Canadian Pacific Railway Limited by 0.5% in the first quarter. Whittier Trust Co. now owns 2,855 shares of the transportation company’s stock worth $419,000 after buying an additional 14 shares in 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 worth $166,000 after buying an additional 35 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in Canadian Pacific Railway Limited by 2.2% in the first quarter. Wetherby Asset Management Inc. now owns 2,142 shares of the transportation company’s stock worth $315,000 after buying an additional 47 shares in the last quarter. Park National Corp OH boosted its stake in Canadian Pacific Railway Limited by 3.4% in the second quarter. Park National Corp OH now owns 1,897 shares of the transportation company’s stock worth $305,000 after buying an additional 63 shares in the last quarter. Finally, HL Financial Services LLC boosted its stake in Canadian Pacific Railway Limited by 4.7% in the first quarter. HL Financial Services LLC now owns 1,571 shares of the transportation company’s stock worth $231,000 after buying an additional 70 shares in the last quarter. 70.18% of the stock is owned by 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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