Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) was downgraded by equities research analysts at Wolfe Research from an “outperform” rating to a “market perform” rating in a report released on Monday, The Fly reports.

CP has been the subject of a number of other research reports. Wells Fargo & Company reiterated an “outperform” rating and issued a $180.00 price objective (up previously from $175.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, July 22nd. BidaskClub upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Loop Capital reduced their price objective on Canadian Pacific Railway Limited from $157.00 to $119.00 in a research note on Monday, April 24th. Cowen and Company reiterated an “outperform” rating and issued a $172.00 price objective (down previously from $173.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, April 23rd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $178.00 price objective (up previously from $171.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the company. Canadian Pacific Railway Limited currently has a consensus rating of “Buy” and an average price target of $187.37.

Canadian Pacific Railway Limited (NYSE CP) opened at 155.49 on Monday. Canadian Pacific Railway Limited has a 52-week low of $139.29 and a 52-week high of $167.52. The firm’s 50-day moving average is $159.73 and its 200-day moving average is $153.60. The stock has a market capitalization of $22.71 billion, a price-to-earnings ratio of 17.58 and a beta of 1.09.

Canadian Pacific Railway Limited declared that its Board of Directors has authorized a share buyback program on Wednesday, May 10th that allows the company to buyback 4,380,000 outstanding shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Baker Ellis Asset Management LLC purchased a new stake in Canadian Pacific Railway Limited during the third quarter valued at $104,000. Advisory Services Network LLC purchased a new stake in Canadian Pacific Railway Limited during the second quarter valued at $105,000. 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. Zions Bancorporation raised its stake in 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 during the period. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Canadian Pacific Railway Limited during the second quarter valued at $163,000. 70.54% of the stock is currently 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.

The Fly

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

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