Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other research firms have also issued reports on CP. Stifel Nicolaus increased their target price on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a “buy” rating in a report 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 report on Sunday, May 14th. Argus reiterated 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 Tuesday, July 25th. 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 on the stock in a report on Wednesday, July 12th. Finally, Barclays PLC reiterated an “overweight” rating and set a $174.00 target price (down from $177.00) on shares of Canadian Pacific Railway Limited in a report on Saturday, April 22nd. Five analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Canadian Pacific Railway Limited currently has a consensus rating of “Buy” and a consensus target price of $187.37.

Shares of Canadian Pacific Railway Limited (NYSE CP) traded down 0.83% during trading on Wednesday, hitting $154.09. 523,688 shares of the stock were exchanged. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 17.35 and a beta of 1.09. The stock’s 50 day moving average price is $159.20 and its 200-day moving average price is $153.84. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $167.52.

Canadian Pacific Railway Limited declared that its board has approved a share buyback plan on Wednesday, May 10th that authorizes the company to repurchase 4,380,000 outstanding shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/16/canadian-pacific-railway-limited-cp-upgraded-by-bidaskclub-to-hold.html.

Several hedge funds and other institutional investors have recently bought and sold shares of CP. Boston Common Asset Management LLC increased its position in Canadian Pacific Railway Limited by 1.1% in the first quarter. Boston Common Asset Management LLC now owns 23,789 shares of the transportation company’s stock worth $3,495,000 after buying an additional 260 shares during the period. Reliance Trust Co. of Delaware increased its position in Canadian Pacific Railway Limited by 17.5% in the first quarter. Reliance Trust Co. of Delaware now owns 4,825 shares of the transportation company’s stock worth $709,000 after buying an additional 720 shares during the period. AQR Capital Management LLC increased its position in Canadian Pacific Railway Limited by 14.9% in the first quarter. AQR Capital Management LLC now owns 29,237 shares of the transportation company’s stock worth $4,283,000 after buying an additional 3,790 shares during the period. Congress Asset Management Co. MA increased its position in Canadian Pacific Railway Limited by 4.5% in the first quarter. Congress Asset Management Co. MA now owns 46,482 shares of the transportation company’s stock worth $6,829,000 after buying an additional 2,010 shares during the period. Finally, Guggenheim Capital LLC increased its position in Canadian Pacific Railway Limited by 96.3% in the fourth quarter. Guggenheim Capital LLC now owns 6,520 shares of the transportation company’s stock worth $930,000 after buying an additional 3,198 shares during the period. 70.46% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

Receive News & Ratings for Canadian Pacific Railway Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Limited and related companies with MarketBeat.com's FREE daily email newsletter.