Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a note issued to investors on Wednesday. They presently have a $184.00 price target on the transportation company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 18.42% from the company’s previous close.

CP has been the topic of several other research reports. Citigroup Inc. reissued a “buy” rating and issued a $180.00 target price (up previously from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 14th. Argus reissued a “buy” rating and issued a $180.00 target price (up previously from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Tuesday, July 25th. BidaskClub raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a report on Wednesday, July 12th. Finally, Barclays PLC restated an “overweight” rating and issued a $174.00 price target (down from $177.00) on shares of Canadian Pacific Railway Limited in a report on Saturday, April 22nd. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and a consensus price target of $187.37.

Shares of Canadian Pacific Railway Limited (NYSE CP) traded down 0.83% during trading on Wednesday, reaching $154.09. The company had a trading volume of 522,724 shares. The company has a 50 day moving average of $159.35 and a 200-day moving average of $153.84. The firm has a market capitalization of $22.51 billion, a P/E ratio of 17.35 and a beta of 1.09. 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 of Directors has approved a stock repurchase plan on Wednesday, May 10th that authorizes the company to buyback 4,380,000 shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at approximately $3,136,000. Amussen Hunsaker & Associates LLC bought a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at approximately $2,297,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Canadian Pacific Railway Limited by 15.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,744 shares of the transportation company’s stock valued at $925,000 after buying an additional 751 shares during the period. Laurel Wealth Advisors Inc. bought a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at approximately $215,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at approximately $520,000. 70.46% 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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