Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) has been given a consensus recommendation of “Buy” by the twenty-five ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $190.76.

Several brokerages have recently weighed in on CP. Credit Suisse Group reiterated an “outperform” rating and set a $183.00 price target (up previously from $178.00) on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 13th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and set a $184.00 price target on shares of Canadian Pacific Railway Limited in a research note on Thursday. Bank of America Corporation lifted their price target on shares of Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Wells Fargo & Company reiterated an “outperform” rating and set a $180.00 price target (up previously from $175.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, July 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 20th.

A number of hedge funds and other institutional investors have recently made changes to their positions in CP. Parametric Portfolio Associates LLC increased its holdings in Canadian Pacific Railway Limited by 30.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 108,069 shares of the transportation company’s stock valued at $15,877,000 after acquiring an additional 25,050 shares during the last quarter. Oxford Asset Management bought a new stake in Canadian Pacific Railway Limited in the 1st quarter valued at $836,000. Stifel Financial Corp increased its holdings in Canadian Pacific Railway Limited by 8.3% in the 1st quarter. Stifel Financial Corp now owns 27,503 shares of the transportation company’s stock valued at $4,036,000 after acquiring an additional 2,113 shares during the last quarter. Cipher Capital LP bought a new stake in Canadian Pacific Railway Limited in the 1st quarter valued at $262,000. Finally, Blair William & Co. IL increased its holdings in Canadian Pacific Railway Limited by 1.1% in the 1st quarter. Blair William & Co. IL now owns 15,281 shares of the transportation company’s stock valued at $2,245,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 65.89% of the company’s stock.

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Shares of Canadian Pacific Railway Limited (CP) opened at 168.25 on Friday. The firm’s 50-day moving average is $155.72 and its 200-day moving average is $155.01. The company has a market cap of $24.58 billion, a PE ratio of 18.90 and a beta of 1.09. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $169.11.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be issued a $0.4411 dividend. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, September 28th. Canadian Pacific Railway Limited’s payout ratio is currently 19.88%.

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)

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