Shares of Canadian Pacific Railway Ltd. (NYSE:CP) fell 2.6% on Thursday . The stock traded as low as $141.65 and last traded at $143.41, with a volume of 4,007,535 shares trading hands. The stock had previously closed at $147.28.

Several brokerages have recently weighed in on CP. Credit Suisse Group AG restated a “buy” rating on shares of Canadian Pacific Railway in a report on Saturday, June 4th. Cowen and Company reduced their target price on Canadian Pacific Railway from $168.00 to $166.00 and set an “outperform” rating for the company in a report on Wednesday, June 22nd. Royal Bank Of Canada reduced their target price on Canadian Pacific Railway from $209.00 to $203.00 and set an “outperform” rating for the company in a report on Thursday, June 23rd. JPMorgan Chase & Co. began coverage on Canadian Pacific Railway in a report on Monday, April 25th. They set a “neutral” rating for the company. Finally, Desjardins raised Canadian Pacific Railway from a “hold” rating to a “buy” rating and reduced their target price for the company from $204.00 to $195.00 in a report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Canadian Pacific Railway has a consensus rating of “Buy” and an average price target of $177.76.

The company has a 50 day moving average price of $136.92 and a 200 day moving average price of $131.96. The stock has a market capitalization of $21.16 billion and a P/E ratio of 19.28.

Canadian Pacific Railway (NYSE:CP) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by $0.45. The firm earned $1.45 billion during the quarter, compared to the consensus estimate of $1.57 billion. Canadian Pacific Railway’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the business posted $2.45 EPS. Analysts expect that Canadian Pacific Railway Ltd. will post $8.10 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 24th. Stockholders of record on Friday, September 30th will be issued a $0.3858 dividend. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, September 28th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.08%.

Several hedge funds have recently modified their holdings of the stock. Suntrust Banks Inc. raised its stake in shares of Canadian Pacific Railway by 72.1% in the fourth quarter. Suntrust Banks Inc. now owns 19,908 shares of the company’s stock worth $2,540,000 after buying an additional 8,341 shares during the period. Trexquant Investment LP raised its stake in shares of Canadian Pacific Railway by 58.8% in the fourth quarter. Trexquant Investment LP now owns 19,500 shares of the company’s stock worth $2,488,000 after buying an additional 7,219 shares during the period. Schroder Investment Management Group raised its stake in shares of Canadian Pacific Railway by 4.7% in the fourth quarter. Schroder Investment Management Group now owns 130,333 shares of the company’s stock worth $23,033,000 after buying an additional 5,833 shares during the period. Alpine Woods Capital Investors LLC raised its stake in shares of Canadian Pacific Railway by 2.8% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 130,400 shares of the company’s stock worth $16,639,000 after buying an additional 3,600 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Canadian Pacific Railway by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 24,875 shares of the company’s stock worth $3,174,000 after buying an additional 2,025 shares during the period.

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

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