Canadian Pacific Railway Ltd. (NYSE:CP) shares gapped up prior to trading on Monday . The stock had previously closed at $147.41, but opened at $147.50. Canadian Pacific Railway shares last traded at $149.90, with a volume of 272,405 shares changing hands.

A number of research analysts have weighed in on CP shares. Raymond James Financial Inc. reaffirmed an “outperform” rating and issued a $210.00 price objective (up from $185.00) on shares of Canadian Pacific Railway in a research note on Monday, April 18th. Cowen and Company raised their price objective on shares of Canadian Pacific Railway from $142.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st. Sanford C. Bernstein raised their price objective on shares of Canadian Pacific Railway from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, April 21st. Desjardins lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Finally, Buckingham Research raised their price objective on shares of Canadian Pacific Railway from $149.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $177.76.

The stock’s 50 day moving average is $140.80 and its 200 day moving average is $133.81. The company has a market capitalization of $22.01 billion and a price-to-earnings ratio of 20.10.

Canadian Pacific Railway (NYSE:CP) last posted its earnings results on Wednesday, July 20th. The company reported $2.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.50 by $0.45. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the company earned $2.45 EPS. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. Equities research analysts anticipate that Canadian Pacific Railway Ltd. will post $8.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 24th. Stockholders of record on Friday, September 30th will be paid a $0.3858 dividend. This represents a $1.54 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Wednesday, September 28th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.27.

In other news, Director Pershing Square Capital Manage sold 9,840,890 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $141.68, for a total value of $1,394,257,295.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Other institutional investors have modified their holdings of the company. US Bancorp DE boosted its position in shares of Canadian Pacific Railway by 0.4% in the fourth quarter. US Bancorp DE now owns 16,401 shares of the company’s stock valued at $2,093,000 after buying an additional 64 shares during the period. Trexquant Investment LP boosted its position 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 valued at $2,488,000 after buying an additional 7,219 shares during the period. Suntrust Banks Inc. boosted its position 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 valued at $2,540,000 after buying an additional 8,341 shares during the period. Dimensional Fund Advisors LP boosted its position 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 valued at $3,174,000 after buying an additional 2,025 shares during the period. Finally, Schroder Investment Management Group boosted its position 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 valued at $23,033,000 after buying an additional 5,833 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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